Family Promise of Greater New Braunfels

Analysis

Family Promise of Greater New Braunfels is a registered charity in United States, based in New Braunfels, TX. It received its IRS tax-exemption ruling in May 2024, 2 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 2023, Family Promise of Greater New Braunfels reported income of $272k and spending of $291k, spending 107% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $235k to $272k (+16%), an average of +3.7% a year. The sharpest change came in the year to June 2020, when income rose by 21%. 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 Greater New Braunfels sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 64th percentile within TX. Charities of a similar size with the same main cause include Omni Commons ($272k), Butte County Local Food Network ($272k) and Coastal Pregnancy Center ($272k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $140k. At year end it held assets of $244k against liabilities of $13k, net assets of $230k.