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Family Promise of Wake County Inc

Raleigh, North Carolina · EIN 56-1843022 · Housing & Shelter · tax-exempt since 1994

C

Charity Clarity grade C (score 51.4 of 100), based on the Form 990 for the year ended December 2024.

Graded against 30,563 housing & shelter nonprofits with revenue $500K–$2M filing the same form. A = top 10%, B = next 20%, C = middle 40%, D = next 20%, F = bottom 10%.

What goes into the grade

MeasureThis charityScore (0–100)
ReservesMonths of spending covered by unrestricted net assets.35.6 months45
GovernanceBoard independence, key policies and audit, per the 990.100% of practices100
Margin stabilityHow steady the surplus or deficit is year to year.4
Revenue spreadHow much revenue rests on one type of income.96% from one source11
Filing recordOn-time, complete filings, year after year.100%100
Program spendingSelf-reported by the filer.85.5%not scored
Management costsShare of spending.3.4%not scored
Cost to raise $1Fundraising cost per dollar given.$0.16not scored

Scores compare this charity with its peer group; 100 is best. How Charity Clarity rates charities.

Year by year

2017201820202021202220232024grey: revenue · green: spending
Year endedFormRevenueSpendingSurplusNet assetsMonths of spendingStaffGrade
Dec 2024Form 990$772K$1.11M−$340K$3.30M35.67C
Dec 2023Form 990$1.89M$945K$942K$2.22M28.111C
Dec 2022Form 990$1.16M$982K$177K$1.27M15.510B
Dec 2021Form 990$1.05M$891K$161K$1.09M14.715C
Dec 2020Form 990$1.01M$708K$301K$928K15.710C
Dec 2018Form 990$441K$459K−$18K$593K15.57B
Dec 2017Form 990$403K$464K−$61K$611K15.89B

From the organisation’s own IRS filings. “Months of spending” is total net assets divided by a month of that year’s spending. A blank grade means that year was not rated.

Read the filings

Every figure here comes from the returns this charity filed with the IRS. These sites show the full returns and more about the organisation:

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