Family Promise of Moore County

Analysis

Family Promise of Moore County is a registered charity in United States, based in Aberdeen, NC. It received its IRS tax-exemption ruling in August 1999, 27 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 June 2024, Family Promise of Moore County reported income of $312k and spending of $229k, leaving 27% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $263k to $312k (+18%), an average of +4.3% a year. The sharpest change came in the year to June 2022, when income rose by 54%. Over the whole period it spent 77% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Family Promise of Moore County sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 61st percentile within NC. Charities of a similar size with the same main cause include Ivy Foundation of Northern Virginia Inc ($312k), College Hill Foundation ($312k) and Gamer Fund ($312k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 93% of the total. Compensation of current officers, directors and key employees was $60k (26% of expenses). Other salaries and wages came to $83k. At year end it held assets of $846k against liabilities of $3,429, net assets of $843k. It reported 8 employees.