Family Promise of Albany County

Analysis

Family Promise of Albany County is a registered charity in United States, based in Laramie, WY. It received its IRS tax-exemption ruling in April 2016, 10 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3).

In the financial year ending December 2023, Family Promise of Albany County reported income of $271k and spending of $295k, spending 109% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $219k to $271k (+24%), an average of +11% a year. The sharpest change came in the year to December 2023, when income rose by 43%. Over the whole period it spent 94% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Family Promise of Albany County sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 59th percentile within WY. Charities of a similar size with the same main cause include Genesis House Inc ($271k), Myplace Inc ($271k) and Brookhaven Homes for Elderly Inc ($271k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% of the total. Other salaries and wages came to $113k. At year end it held assets of $255k against liabilities of $7,174, net assets of $248k. It reported 6 employees.