Children Of Promise Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 2,335,921 | 2,160,862 | 175,059 | 3.5 | 16% |
| 2021 | 2,447,797 | 2,059,103 | 388,694 | 5.9 | 18% |
| 2022 | 2,269,404 | 2,348,645 | −79,241 | 4.6 | 13% |
| 2023 | 2,443,727 | 2,399,260 | 44,467 | 4.7 | 14% |
| 2024 | 2,627,601 | 2,538,597 | 89,004 | 4.9 | 14% |
In its most recent public year (2024), this organization brought in $89,004 more than it spent. Its reserves stood at about 4.9 months of spending, up from 3.5 in 2020. Staff pay was 14% of spending. $584,084 of its net assets are donor-restricted.
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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