Promise Project Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2010 | 166,942 | 259,836 | −92,894 | -19.6 | 22% |
| 2011 | 173,078 | 256,931 | −83,853 | -23.7 | 21% |
| 2012 | 200,240 | 254,825 | −54,585 | -26.5 | 22% |
| 2013 | 228,964 | 248,651 | −19,687 | -28.1 | 21% |
| 2014 | 240,794 | 288,965 | −48,171 | -26.2 | 16% |
| 2015 | 240,555 | 290,633 | −50,078 | -28.1 | 18% |
| 2016 | 240,658 | 283,880 | −43,222 | -30.6 | 18% |
| 2017 | 243,124 | 313,662 | −70,538 | -30.4 | 17% |
| 2018 | 249,056 | 305,903 | −56,847 | -33.4 | 18% |
| 2020 | 261,090 | 320,960 | −59,870 | -35.2 | 19% |
| 2021 | 263,982 | 332,820 | −68,838 | -36.4 | 22% |
| 2022 | 266,687 | 359,928 | −93,241 | -36.8 | 18% |
| 2023 | 347,511 | 392,561 | −45,050 | -35.1 | 19% |
In its most recent public year (2023), this organization spent $45,050 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-35.1 months), down from -19.6 in 2010. Staff pay was 19% 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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