Promise House Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 3,162,807 | 3,217,774 | −54,967 | 8.6 | 59% |
| 2012 | 2,926,655 | 3,089,801 | −163,146 | 8.3 | 58% |
| 2013 | 3,015,006 | 2,757,207 | 257,799 | 10.4 | 59% |
| 2014 | 2,940,310 | 2,951,421 | −11,111 | 9.7 | 58% |
| 2015 | 3,623,210 | 3,207,886 | 415,324 | 10.5 | 55% |
| 2016 | 3,426,122 | 3,564,378 | −138,256 | 8.4 | 55% |
| 2017 | 3,995,723 | 3,896,409 | 99,314 | 8.0 | 59% |
| 2018 | 5,136,510 | 5,208,959 | −72,449 | 5.8 | 57% |
| 2019 | 5,070,315 | 5,651,532 | −581,217 | 4.1 | 58% |
| 2020 | 6,873,539 | 6,414,465 | 459,074 | 4.5 | 61% |
| 2021 | 6,657,110 | 6,720,561 | −63,451 | 3.9 | 59% |
| 2022 | 4,850,103 | 5,943,949 | −1,093,846 | 0.9 | 57% |
In its most recent public year (2022), this organization spent $1,093,846 more than it brought in. Its reserves stood at about 0.9 months of spending, down from 8.6 in 2011. Staff pay was 57% of spending. $1,419,410 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 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
Promise House Inc's IRS filings as a feed — one entry per filing year, through 2022. 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