Family Promise of Martin County

Analysis

Family Promise of Martin County is a registered charity in United States, based in Stuart, FL. It received its IRS tax-exemption ruling in August 2018, 8 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 Martin County reported income of $539k and spending of $394k, leaving 27% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $212k to $539k (+154%), an average of +59% a year. The sharpest change came in the year to December 2022, when income rose by 74%. Over the whole period it spent 75% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Family Promise of Martin County sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 74th percentile within FL. Charities of a similar size with the same main cause include Ason International Inc ($539k), Dallas County Family Resource Center ($539k) and Blacksburg Refugee Partnership Inc ($539k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 1.0% of the total. Compensation of current officers, directors and key employees was $74k (19% of expenses). Other salaries and wages came to $97k. At year end it held assets of $682k against liabilities of $304k, net assets of $378k. It reported 6 employees.