Promise Ministries Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 648,652 | 395,331 | 253,321 | 10.9 | 66% |
| 2012 | 398,632 | 454,045 | −55,413 | 8.1 | 62% |
| 2013 | 510,094 | 588,719 | −78,625 | 4.6 | 58% |
| 2014 | 581,019 | 583,900 | −2,881 | 4.6 | 61% |
| 2015 | 585,109 | 594,966 | −9,857 | 4.3 | 68% |
| 2016 | 581,811 | 593,186 | −11,375 | 4.1 | 62% |
| 2017 | 575,579 | 603,942 | −28,363 | 3.4 | 70% |
| 2018 | 576,771 | 604,407 | −27,636 | 2.9 | 72% |
| 2019 | 605,367 | 619,709 | −14,342 | 2.5 | 7% |
| 2020 | 540,081 | 586,034 | −45,953 | 3.5 | 69% |
| 2021 | 752,280 | 610,315 | 141,965 | 6.1 | 70% |
| 2022 | 959,459 | 760,258 | 199,201 | 8.1 | 72% |
| 2023 | 786,430 | 761,893 | 24,537 | 8.4 | 67% |
In its most recent public year (2023), this organization brought in $24,537 more than it spent. Its reserves stood at about 8.4 months of spending, down from 10.9 in 2011. Staff pay was 67% of spending.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
Promise Ministries Inc's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works