Family Promise of Irving

Analysis

Family Promise of Irving is a registered charity in United States, based in Irving, TX. It received its IRS tax-exemption ruling in October 2010, 16 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 Irving reported income of $350k and spending of $268k, leaving 24% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $199k to $350k (+76%), an average of +21% a year. The sharpest change came in the year to December 2023, when income rose by 84%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Family Promise of Irving sits at the 59th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 69th percentile within TX. Charities of a similar size with the same main cause include Therapeutic Justice Foundation Inc ($350k), Bacaanda Foundation Inc ($350k) and Wasi Social Innovation Inc ($350k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $61k (23% of expenses). Other salaries and wages came to $23k. It paid $15k in professional fundraising fees. At year end it held assets of $386k against liabilities of $2,835, net assets of $383k. It reported 3 employees.