Children of Promise Inc

Analysis

Children of Promise Inc is a registered charity in United States, based in Anderson, IN. It received its IRS tax-exemption ruling in April 2002, 24 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 June 2024, Children of Promise Inc reported income of $2.6m and spending of $2.5m, spending 97% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $2.1m to $2.6m (+24%), an average of +4.4% a year. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Children of Promise Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within IN. Charities of a similar size with the same main cause include Community Aid of Elk River ($2.6m), United Methodist Childrens Services of Wisconsin Inc ($2.6m) and Newbridge Madison Inc ($2.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 98% of the total. Other salaries and wages came to $368k. At year end it held assets of $1.3m against liabilities of $233k, net assets of $1.0m. It reported 8 employees.