American Promise Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2016 | 401,160 | 185,577 | 215,583 | 13.0 | 0% |
| 2017 | 166,775 | 391,507 | −224,732 | -0.7 | — |
| 2018 | 593,600 | 382,295 | 211,305 | 5.9 | 32% |
| 2019 | 347,272 | 459,593 | −112,321 | 2.0 | 32% |
| 2020 | 955,381 | 396,683 | 558,698 | 19.2 | 46% |
| 2021 | 872,520 | 723,084 | 149,436 | 13.0 | 37% |
| 2022 | 1,191,379 | 1,138,916 | 52,463 | 8.8 | 45% |
| 2023 | 4,128,137 | 1,599,776 | 2,528,361 | 25.2 | 40% |
In its most recent public year (2023), this organization brought in $2,528,361 more than it spent. Its reserves stood at about 25.2 months of spending, up from 13 in 2016. Staff pay was 40% of spending. $1,361,480 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 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
American Promise Inc's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works