Promise54
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 651,285 | 4,308 | 646,977 | 1802.2 | 0% |
| 2020 | 7,524,900 | 3,644,069 | 3,880,831 | 14.9 | 70% |
| 2021 | 5,405,202 | 4,755,522 | 649,680 | 13.1 | 63% |
| 2022 | 9,021,754 | 4,368,721 | 4,653,033 | 27.0 | 61% |
| 2023 | 3,460,733 | 5,375,911 | −1,915,178 | 13.1 | 58% |
In its most recent public year (2023), this organization spent $1,915,178 more than it brought in. Its reserves stood at about 13.1 months of spending, down from 1802.2 in 2019. Staff pay was 58% of spending. $2,506,189 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
Promise54'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