Family Promise of Spokane

Analysis

Family Promise of Spokane is a registered charity in United States, based in Spokane, WA. It received its IRS tax-exemption ruling in March 1996, 30 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 2023, Family Promise of Spokane reported income of $5.4m and spending of $5.0m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.0m to $5.4m (+168%), an average of +28% a year. The sharpest change came in the year to June 2022, when income rose by 213%. Over the whole period it spent 84% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Family Promise of Spokane sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within WA. Charities of a similar size with the same main cause include Catholic Foundation of Oklahoma Inc ($5.4m), Islamic Circle of North America Inc ($5.4m) and Premier Health Partners ($5.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 0.8% of the total. Compensation of current officers, directors and key employees was $88k (1.8% of expenses). Other salaries and wages came to $1.9m. It paid $80k in professional fundraising fees. At year end it held assets of $5.5m against liabilities of $2.1m, net assets of $3.5m. It reported 80 employees.