Children of Promise Stable Inc

Analysis

Children of Promise Stable Inc is a registered charity in United States, based in Nanuet, NY. It received its IRS tax-exemption ruling in August 2008, 18 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Children of Promise Stable Inc reported income of $155k and spending of $175k, spending 113% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $138k to $155k (+12%), an average of +12% a year. Over the whole period it spent 112% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Children of Promise Stable Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 46th percentile within NY. Charities of a similar size with the same main cause include David M Herskovits Foundation ($155k), School of Grace Parent Participatory Preschool & Chldcare ($155k) and Charlie Life and Leadership Academy ($155k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 63% of the total. At year end it held assets of $224k against liabilities of $0, net assets of $224k.