Promised Ministries

Analysis

Promised Ministries is a registered charity in United States, based in Nederland, TX. It received its IRS tax-exemption ruling in May 2020, 6 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, Promised Ministries reported income of $198k and spending of $184k, spending 93% of its income. Across the 4 years on record, from December 2020 to December 2023, income fell from $239k to $198k (-17%), an average of -6.1% a year. The sharpest change came in the year to December 2021, when income dropped by 19%. Over the whole period it spent 82% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Promised Ministries 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 54th percentile, and in the 58th percentile within TX. Charities of a similar size with the same main cause include 100 Black Men ($198k), Centro Cristiano de Adoracion ($198k) and Spiritus Ministries Northwest ($198k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $150k against liabilities of $0, net assets of $150k.