Ancient Promise

Analysis

Ancient Promise is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in September 2008, 18 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Ancient Promise reported income of $145k and spending of $143k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $172k to $145k (-16%), an average of -16% a year. The sharpest change came in the year to December 2023, when income dropped by 16%. Over the whole period it spent 107% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Ancient Promise sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 44th percentile within AZ. Charities of a similar size with the same main cause include Prov 31 Ministries ($145k), Single Passion Ministries ($145k) and Chaplains on the Way Inc ($145k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $11k against liabilities of $3,859, net assets of $7,228.