Thomas Promise Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 347,738 | 292,768 | 54,970 | 7.9 | 0% |
| 2021 | 239,533 | 310,385 | −70,852 | 4.7 | 0% |
| 2022 | 283,292 | 258,646 | 24,646 | 6.8 | 0% |
| 2023 | 357,666 | 306,891 | 50,775 | 7.7 | 0% |
In its most recent public year (2023), this organization brought in $50,775 more than it spent. Its reserves stood at about 7.7 months of spending. Staff pay was 0% 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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