Family Promise of Greater Denver Inc

Analysis

Family Promise of Greater Denver Inc is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in August 1997, 29 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 Greater Denver Inc reported income of $1.2m and spending of $1.6m, spending 135% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $660k to $1.2m (+76%), an average of +15% a year. The sharpest change came in the year to December 2020, when income rose by 117%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Family Promise of Greater Denver Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within CO. Charities of a similar size with the same main cause include Washington County Young Mens Christian Association ($1.2m), Cartmell Foundation Inc ($1.2m) and Focus on Senior Citizens of Tuscaloosa County Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $58k (3.7% of expenses). Other salaries and wages came to $714k. It paid $7,477 in professional fundraising fees. At year end it held assets of $895k against liabilities of $684k, net assets of $211k. It reported 27 employees.