Family Promise of Sacramento

Analysis

Family Promise of Sacramento is a registered charity in United States, based in Sacramento, CA. It received its IRS tax-exemption ruling in June 1998, 28 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Sacramento reported income of $400k and spending of $371k, spending 93% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $303k to $400k (+32%), an average of +5.8% a year. The sharpest change came in the year to December 2021, when income rose by 33%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Family Promise of Sacramento sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 69th percentile within CA. Charities of a similar size with the same main cause include Monte Vista Montessori ($400k), Compass Prep Inc ($401k) and Edna Education Foundation ($400k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% of the total. Compensation of current officers, directors and key employees was $83k (22% of expenses). Other salaries and wages came to $41k. At year end it held assets of $338k against liabilities of $8,125, net assets of $330k. It reported 3 employees.