Heidis Promise

Analysis

Heidis Promise is a registered charity in United States, based in Cle Elum, WA. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Heidis Promise reported income of $516k and spending of $456k, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $272k to $516k (+90%), an average of +17% a year. The sharpest change came in the year to December 2021, when income rose by 45%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Heidis Promise sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 69th percentile within WA. Charities of a similar size with the same main cause include Project Ezra ($516k), Long Branch Area Young Mens Christian Association ($516k) and Justice Forward ($516k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.9% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $84k (18% of expenses). Other salaries and wages came to $284k. At year end it held assets of $88k against liabilities of $12k, net assets of $76k. It reported 13 employees.