Family Promise of Montgomery County Inc

Analysis

Family Promise of Montgomery County Inc is a registered charity in United States, based in Conroe, TX. It received its IRS tax-exemption ruling in February 2001, 25 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Family Promise of Montgomery County Inc reported income of $494k and spending of $459k, spending 93% of its income. Across the 5 years on record, from June 2019 to December 2023, income grew from $204k to $494k (+143%), an average of +25% a year. The sharpest change came in the year to December 2020, when income rose by 89%. 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 Montgomery County Inc sits at the 65th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 74th percentile within TX. Charities of a similar size with the same main cause include Consciousness and Healing Initiative ($494k), Open Trail Inc ($495k) and Friendship New Vision Inc ($494k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. Other salaries and wages came to $203k. At year end it held assets of $1.6m against liabilities of $13k, net assets of $1.6m. It reported 6 employees.