Promise Partners

Analysis

Promise Partners is a registered charity in United States, based in Council BLFS, IA. It received its IRS tax-exemption ruling in April 2010, 16 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, Promise Partners reported income of $1.8m and spending of $1.7m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.8m to $1.8m (+0.9%), an average of +0.2% a year. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Promise Partners sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 87th percentile within IA. Charities of a similar size with the same main cause include A Vision 4 Hope Inc ($1.8m), Total Quality Residential Services Inc ($1.8m) and Valley Haven Inc ($1.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% of the total. Compensation of current officers, directors and key employees was $110k (6.3% of expenses). Other salaries and wages came to $216k. At year end it held assets of $940k against liabilities of $273k, net assets of $668k.