Promise Child
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 349,829 | 297,750 | 52,079 | 7.2 | 0% |
| 2012 | 570,060 | 555,950 | 14,110 | 4.1 | 0% |
| 2013 | 735,505 | 618,538 | 116,967 | 6.0 | 0% |
| 2014 | 794,538 | 691,125 | 103,413 | 7.2 | 0% |
| 2015 | 1,310,392 | 1,021,084 | 289,308 | 8.2 | 0% |
| 2016 | 1,024,546 | 1,005,966 | 18,580 | 8.6 | 0% |
| 2017 | 1,443,367 | 1,163,704 | 279,663 | 10.3 | 0% |
| 2018 | 1,393,024 | 1,295,955 | 97,069 | 10.2 | 0% |
| 2019 | 1,923,638 | 1,492,346 | 431,292 | 12.3 | 0% |
| 2020 | 1,635,109 | 1,299,986 | 335,123 | 17.2 | 4% |
| 2021 | 2,838,249 | 2,248,644 | 589,605 | 13.1 | 13% |
| 2022 | 3,551,428 | 3,510,506 | 40,922 | 8.5 | 8% |
| 2023 | 2,137,692 | 2,396,390 | −258,698 | 11.2 | 8% |
In its most recent public year (2023), this organization spent $258,698 more than it brought in. Its reserves stood at about 11.2 months of spending, up from 7.2 in 2011. Staff pay was 8% of spending. $1,818,562 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
Promise Child'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