Family Promise of Augusta Inc

Analysis

Family Promise of Augusta Inc is a registered charity in United States, based in Martinez, GA. It received its IRS tax-exemption ruling in May 1997, 29 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Family Promise of Augusta Inc reported income of $197k and spending of $277k, spending 140% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $265k to $197k (-26%), an average of -7.2% a year. The sharpest change came in the year to December 2023, when income dropped by 42%. Over the whole period it spent 109% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Family Promise of Augusta Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 57th percentile within GA. Charities of a similar size with the same main cause include Rosehill Social Club ($197k), Ariah Foundation ($197k) and Laughter N Learning Center ($197k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $110k. At year end it held assets of $805k against liabilities of $474k, net assets of $332k. It reported 7 employees.