Promises Church of God Inc

Analysis

Promises Church of God Inc is a registered charity in United States, based in Orlando, FL. It received its IRS tax-exemption ruling in October 2022, 4 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Promises Church of God Inc reported income of $204k and spending of $193k, spending 95% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $81k to $204k (+150%), an average of +150% a year. The sharpest change came in the year to December 2023, when income rose by 150%. Over the whole period it spent 95% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Promises Church of God Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 58th percentile within FL. Charities of a similar size with the same main cause include Sacramento Dharma Center ($203k), Mercy Manor Inc ($204k) and Wat Buddhapradeep of Reno ($203k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $42k (22% of expenses). At year end it held assets of $34k against liabilities of $19k, net assets of $15k.