Martial Promise

Analysis

Martial Promise is a registered charity in United States, based in Wharton, NJ. It received its IRS tax-exemption ruling in June 2013, 13 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Martial Promise reported income of $99k and spending of $72k, leaving 28% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $80k to $99k (+24%), an average of +24% a year. The sharpest change came in the year to December 2023, when income rose by 24%. Over the whole period it spent 75% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Martial Promise sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 44th percentile within NJ. Charities of a similar size with the same main cause include Clarksburg Sports Association Inc ($99k), Jones County National Recreational League Inc ($99k) and Susquehanna Valley Youth Hockey Club ($99k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 48% and program service revenue 32% of the total. At year end it held assets of $244k against liabilities of $0, net assets of $244k.