Charleston Promise Neighborhood
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 1,457,099 | 323,158 | 1,133,941 | 42.1 | 37% |
| 2013 | 504,477 | 876,522 | −372,045 | 10.4 | 28% |
| 2014 | 1,282,452 | 1,018,260 | 264,192 | 12.1 | 29% |
| 2015 | 1,777,041 | 1,651,317 | 125,724 | 8.4 | 25% |
| 2016 | 1,372,998 | 1,262,123 | 110,875 | 12.0 | 33% |
| 2017 | 1,199,129 | 1,278,795 | −79,666 | 11.5 | 34% |
| 2018 | 1,486,787 | 1,402,733 | 84,054 | 11.2 | 28% |
| 2019 | 1,513,248 | 1,408,106 | 105,142 | 12.1 | 33% |
| 2020 | 1,201,517 | 1,267,960 | −66,443 | 12.8 | 36% |
| 2021 | 1,090,910 | 909,460 | 181,450 | 20.2 | 56% |
| 2022 | 1,672,358 | 1,323,901 | 348,457 | 17.0 | 42% |
| 2023 | 1,440,824 | 1,458,719 | −17,895 | 15.3 | 40% |
| 2024 | 1,364,169 | 1,452,641 | −88,472 | 14.7 | 41% |
In its most recent public year (2024), this organization spent $88,472 more than it brought in. Its reserves stood at about 14.7 months of spending, down from 42.1 in 2012. Staff pay was 41% of spending. $80,000 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 2024. 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
Charleston Promise Neighborhood's IRS filings as a feed — one entry per filing year, through 2024. 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