Children Of Promise Nyc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 1,102,894 | 1,069,907 | 32,987 | -2.9 | 56% |
| 2012 | 1,193,660 | 1,150,329 | 43,331 | -2.2 | 51% |
| 2013 | 1,811,771 | 1,573,658 | 238,113 | 0.2 | 55% |
| 2014 | 2,521,354 | 2,029,717 | 491,637 | 3.1 | 47% |
| 2015 | 2,756,143 | 2,588,563 | 167,580 | 1.8 | 46% |
| 2016 | 2,555,601 | 2,537,111 | 18,490 | 1.9 | 50% |
| 2017 | 1,052,982 | 1,152,869 | −99,887 | 3.2 | 55% |
| 2018 | 2,691,159 | 2,567,473 | 123,686 | 2.0 | 54% |
| 2019 | 3,113,979 | 3,055,743 | 58,236 | 1.9 | 47% |
| 2020 | 4,023,734 | 3,919,149 | 104,585 | 1.8 | 42% |
| 2021 | 5,718,396 | 5,218,519 | 499,877 | 2.5 | 41% |
| 2022 | 3,322,248 | 5,351,280 | −2,029,032 | -2.1 | 46% |
| 2023 | 4,597,896 | 4,584,115 | 13,781 | -2.0 | 46% |
In its most recent public year (2023), this organization brought in $13,781 more than it spent. Its liabilities exceeded its net assets — reserves were below zero (-2 months). Staff pay was 46% 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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