Family Promise of Southern Delaware Inc

Analysis

Family Promise of Southern Delaware Inc is a registered charity in United States, based in Lewes, DE. It received its IRS tax-exemption ruling in June 2020, 6 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 Southern Delaware Inc reported income of $268k and spending of $228k, spending 85% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $247k to $268k (+8.5%), an average of +8.5% a year. Over the whole period it spent 59% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Family Promise of Southern Delaware Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 54th percentile within DE. Charities of a similar size with the same main cause include Childrens Care Corner ($268k), Childrens Healing Art Project Inc ($268k) and Hearts 2 Help ($268k).

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 $79k (35% of expenses). Other salaries and wages came to $13k. At year end it held assets of $272k against liabilities of $895, net assets of $271k. It reported 2 employees.