Childpromise Inc

Analysis

Childpromise Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in March 1941, 85 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Childpromise Inc reported income of $355k and spending of $333k, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $244k to $355k (+45%), an average of +9.8% a year. The sharpest change came in the year to June 2022, when income rose by 24%. Over the whole period it spent 113% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Childpromise Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 63rd percentile within PA. Charities of a similar size with the same main cause include Assistance League of Pueblo Inc ($355k), Star Valley Senior Citizens Inc ($355k) and Mount Sterling Community Center ($354k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 32% of the total. At year end it held assets of $4.6m against liabilities of $71k, net assets of $4.5m.