Family Promise of Hudson County a New NJ Nonprofit Corporation

Analysis

Family Promise of Hudson County a New NJ Nonprofit Corporation is a registered charity in United States, based in Jersey City, NJ. It received its IRS tax-exemption ruling in June 2017, 9 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 Hudson County a New NJ Nonprofit Corporation reported income of $141k and spending of $193k, spending 137% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $89k to $141k (+59%), an average of +17% a year. The sharpest change came in the year to December 2021, when income rose by 121%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Family Promise of Hudson County a New NJ Nonprofit Corporation sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 53rd percentile within NJ. Charities of a similar size with the same main cause include Florence Fuller Child Development Foundation Inc ($141k), The Gateway of Hope ($141k) and Exito Inc ($141k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 94% of the total. At year end it held assets of $15k against liabilities of $67k, net assets of -$52k.