Greater Portland Family Promise

Analysis

Greater Portland Family Promise is a registered charity in United States, based in Portland, ME. It received its IRS tax-exemption ruling in September 2016, 10 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, Greater Portland Family Promise reported income of $1.1m and spending of $828k, leaving 25% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $285k to $1.1m (+288%), an average of +97% a year. The sharpest change came in the year to December 2023, when income rose by 256%. Over the whole period it spent 82% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Greater Portland Family Promise sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 77th percentile within ME. Charities of a similar size with the same main cause include Caring & Sharing Center for Independent Living Inc ($1.1m), Oasis Pregnancy Care Centers Corp ($1.1m) and Fair & Balanced of Pa Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 1.0% of the total. Compensation of current officers, directors and key employees was $70k (8.5% of expenses). Other salaries and wages came to $323k. At year end it held assets of $542k against liabilities of $1,628, net assets of $541k. It reported 14 employees.