Promise Fund Of Florida Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 1,091,800 | 478,342 | 613,458 | 15.4 | 0% |
| 2020 | 1,774,599 | 841,121 | 933,478 | 21.0 | 14% |
| 2021 | 1,289,818 | 1,034,553 | 255,265 | 20.3 | 5% |
| 2022 | 5,035,813 | 1,568,621 | 3,467,192 | 39.7 | 30% |
| 2023 | 1,969,548 | 2,662,955 | −693,407 | 15.5 | 32% |
In its most recent public year (2023), this organization spent $693,407 more than it brought in. Its reserves stood at about 15.5 months of spending. Staff pay was 32% of spending. $65,353 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
Promise Fund Of Florida Inc'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