Promise Cares
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2015 | 4,042 | 0 | 4,042 | — | — |
| 2016 | 110,697 | 110,936 | −239 | 0.1 | 44% |
| 2017 | 220,882 | 224,786 | −3,904 | 0.0 | 73% |
| 2018 | 309,472 | 345,803 | −36,331 | 0.0 | 61% |
| 2019 | 310,515 | 363,351 | −52,836 | 0.0 | 64% |
| 2020 | 471,940 | 439,383 | 32,557 | 0.3 | 65% |
| 2021 | 451,762 | 490,878 | −39,116 | -0.3 | 37% |
| 2022 | 542,288 | 585,634 | −43,346 | 0.7 | 70% |
| 2023 | 508,076 | 623,325 | −115,249 | 2.7 | 77% |
In its most recent public year (2023), this organization spent $115,249 more than it brought in. Its reserves stood at about 2.7 months of spending. Staff pay was 77% 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
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