Promise Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 134,508 | 137,703 | −3,195 | -72.6 | 0% |
| 2022 | 644,594 | 63,485 | 581,109 | -47.7 | 0% |
| 2023 | 110,652 | 34,194 | 76,458 | -61.7 | — |
| 2024 | 171 | 10,621 | −10,450 | -210.5 | — |
In its most recent public year (2024), this organization spent $10,450 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-210.5 months), down from -72.6 in 2021.
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 2024. 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
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