Promise Homes And Services Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 179,931 | 177,849 | 2,082 | 0.4 | — |
| 2012 | 323,697 | 320,478 | 3,219 | 0.4 | 19% |
| 2013 | 371,500 | 364,227 | 7,273 | 0.5 | 19% |
| 2014 | 429,823 | 421,253 | 8,570 | 0.7 | 18% |
| 2015 | 466,222 | 465,098 | 1,124 | 0.6 | 19% |
| 2016 | 511,553 | 516,243 | −4,690 | 0.5 | 18% |
| 2017 | 492,380 | 486,274 | 6,106 | 0.6 | 20% |
| 2018 | 465,210 | 462,946 | 2,264 | 0.7 | 21% |
| 2019 | 468,960 | 470,671 | −1,711 | 0.7 | 23% |
| 2020 | 428,693 | 416,498 | 12,195 | 1.1 | 21% |
| 2021 | 400,958 | 402,790 | −1,832 | 1.1 | 18% |
| 2022 | 410,944 | 410,226 | 718 | 1.1 | 19% |
| 2023 | 430,300 | 436,300 | −6,000 | 0.9 | 26% |
In its most recent public year (2023), this organization spent $6,000 more than it brought in. Its reserves stood at about 0.9 months of spending. Staff pay was 26% 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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