Promise Community Development Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2018 | 294,483 | 335,290 | −40,807 | 2.3 | 0% |
| 2019 | 275,342 | 303,696 | −28,354 | 1.5 | 0% |
| 2020 | 238,683 | 231,481 | 7,202 | 2.3 | 18% |
| 2021 | 255,997 | 247,844 | 8,153 | 2.5 | 18% |
In its most recent public year (2021), this organization brought in $8,153 more than it spent. Its reserves stood at about 2.5 months of spending. Staff pay was 18% 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 2021. 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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