Family Promise of Gainesville Florida Inc

Analysis

Family Promise of Gainesville Florida Inc is a registered charity in United States, based in Gainesville, FL. It received its IRS tax-exemption ruling in February 1998, 28 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 Gainesville Florida Inc reported income of $1.2m and spending of $1.2m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $574k to $1.2m (+113%), an average of +21% a year. The sharpest change came in the year to December 2020, when income rose by 116%. Over the whole period it spent 84% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Family Promise of Gainesville Florida Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 83rd percentile within FL. Charities of a similar size with the same main cause include Senior-Youth Partnership Inc ($1.2m), United We Care Employee Relief Fund ($1.2m) and It Takes a Village Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 1.8% of the total. Other salaries and wages came to $365k. At year end it held assets of $1.2m against liabilities of $10k, net assets of $1.2m. It reported 12 employees.