Promise of Life Network

Analysis

Promise of Life Network is a registered charity in United States, based in Slippery Rock, PA. It received its IRS tax-exemption ruling in August 1993, 33 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 December 2023, Promise of Life Network reported income of $671k and spending of $783k, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $391k to $671k (+71%), an average of +14% a year. The sharpest change came in the year to December 2020, when income rose by 48%. Over the whole period it spent 87% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Promise of Life Network 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 74th percentile, and in the 73rd percentile within PA. Charities of a similar size with the same main cause include Childrens Sickle Cell Foundation ($670k), Richland Crisis Pregnancy Services ($671k) and Parkinsons Exercise and Wellness Center ($670k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $62k (8.0% of expenses). Other salaries and wages came to $436k. At year end it held assets of $546k against liabilities of $8,140, net assets of $538k. It reported 19 employees.