Joshuas Future of Promises Inc

Analysis

Joshuas Future of Promises Inc is a registered charity in United States, based in Emmaus, PA. It received its IRS tax-exemption ruling in June 2011, 15 years ago. Its declared purposes cover medical research, 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, Joshuas Future of Promises Inc reported income of $102k and spending of $96k, spending 94% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $77k to $102k (+32%), an average of +32% a year. The sharpest change came in the year to December 2023, when income rose by 32%. Over the whole period it spent 107% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Joshuas Future of Promises Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 35th percentile within PA. Charities of a similar size with the same main cause include Substance Abuse Foundation for Education ($102k), Glam-A-Thon Inc ($102k) and Caribbean Health Assistance Rehabilitation & Management Inc ($102k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 71% of the total. At year end it held assets of $11k against liabilities of $0, net assets of $11k.