Promise Housing Plus
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 45,570 | 1,213 | 44,357 | 438.8 | — |
| 2021 | 262,924 | 97,940 | 164,984 | 25.6 | 38% |
| 2022 | 257,172 | 202,434 | 54,738 | 15.7 | 48% |
| 2023 | 485,643 | 624,995 | −139,352 | 2.4 | 25% |
In its most recent public year (2023), this organization spent $139,352 more than it brought in. Its reserves stood at about 2.4 months of spending, down from 438.8 in 2020. Staff pay was 25% 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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