Family Promise of Davie County

Analysis

Family Promise of Davie County is a registered charity in United States, based in Mocksville, NC. It received its IRS tax-exemption ruling in June 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), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Family Promise of Davie County reported income of $222k and spending of $207k, spending 93% of its income. Across the 5 years on record, from June 2020 to June 2024, income fell from $275k to $222k (-19%), an average of -5.2% a year. The sharpest change came in the year to June 2023, when income rose by 89%. Over the whole period it spent 76% 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 Davie County 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 56th percentile, and in the 54th percentile within NC. Charities of a similar size with the same main cause include Passman Plaza Inc ($222k), Albemarle Older Adult Housing Inc ($222k) and Mantua I Corporation ($222k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 82% and program service revenue 1.2% of the total. Compensation of current officers, directors and key employees was $66k (32% of expenses). Other salaries and wages came to $61k. At year end it held assets of $384k against liabilities of $20k, net assets of $365k. It reported 3 employees.