Promise Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 312,306 | 251,745 | 60,561 | 38.0 | 0% |
| 2012 | 1,268,606 | 424,008 | 844,598 | 46.5 | 50% |
| 2013 | 3,051,352 | 1,314,055 | 1,737,297 | 30.9 | 26% |
| 2014 | 2,384,000 | 1,958,560 | 425,440 | 23.3 | 27% |
| 2015 | 2,528,115 | 3,418,175 | −890,060 | 10.2 | 20% |
| 2016 | 2,333,806 | 2,478,829 | −145,023 | 19.5 | 33% |
| 2017 | 2,513,965 | 2,303,514 | 210,451 | 22.1 | 32% |
| 2018 | 2,584,353 | 2,257,620 | 326,733 | 24.2 | 30% |
| 2019 | 2,516,184 | 2,380,334 | 135,850 | 21.0 | 28% |
| 2020 | 3,719,840 | 2,774,838 | 945,002 | 22.1 | 28% |
| 2021 | 3,033,896 | 2,975,229 | 58,667 | 20.9 | 24% |
| 2022 | 4,277,565 | 3,199,253 | 1,078,312 | 23.4 | 22% |
| 2023 | 3,499,542 | 3,450,236 | 49,306 | 22.1 | 22% |
In its most recent public year (2023), this organization brought in $49,306 more than it spent. Its reserves stood at about 22.1 months of spending, down from 38 in 2011. Staff pay was 22% 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 Development Corporation'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