Pensacolas Promise Inc

Analysis

Pensacolas Promise Inc is a registered charity in United States, based in Pensacola, FL. It received its IRS tax-exemption ruling in March 2007, 19 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Pensacolas Promise Inc reported income of $158k and spending of $174k, spending 110% of what it took in. Across the 2 years on record, from September 2022 to September 2023, income fell from $162k to $158k (-2.1%), an average of -2.1% a year. Over the whole period it spent 100% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Pensacolas Promise Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 52nd percentile within FL. Charities of a similar size with the same main cause include Better Eugene-Springfield Transportation ($158k), Frontline Christian Ministry Inc ($158k) and Boys and Girls Club of Darlington Inc ($158k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 96% and program service revenue 5.2% of the total. At year end it held assets of $33k against liabilities of $3,892, net assets of $29k.