The American Promise Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2013 | 50,000 | 12,965 | 37,035 | 34.3 | — |
| 2014 | 475,000 | 441,324 | 33,676 | 1.9 | 0% |
| 2015 | 1,640,500 | 1,477,712 | 162,788 | 1.9 | 0% |
| 2016 | 2,289,964 | 1,773,398 | 516,566 | 5.1 | 0% |
| 2017 | 3,659,000 | 868,631 | 2,790,369 | 49.0 | 0% |
| 2018 | 8,605,071 | 11,700,234 | −3,095,163 | 0.5 | 0% |
| 2019 | 3,212,877 | 2,092,408 | 1,120,469 | 9.0 | 0% |
| 2020 | 8,557,361 | 4,267,415 | 4,289,946 | 16.5 | 0% |
| 2021 | 8,998,995 | 12,366,535 | −3,367,540 | 2.4 | 0% |
| 2022 | 1,183,000 | 2,701,858 | −1,518,858 | 4.4 | 0% |
In its most recent public year (2022), this organization spent $1,518,858 more than it brought in. Its reserves stood at about 4.4 months of spending, down from 34.3 in 2013. 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 2022. 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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