Children of the Promise

Analysis

Children of the Promise is a registered charity in United States, based in Willmar, MN. It received its IRS tax-exemption ruling in March 1998, 28 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Children of the Promise reported income of $1.2m and spending of $1.4m, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.3m to $1.2m (-1.6%), an average of -0.4% a year. The sharpest change came in the year to December 2020, when income rose by 16%. Over the whole period it spent 100% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Children of the Promise sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within MN. Charities of a similar size with the same main cause include American Caribbean Experience Inc ($1.2m), African Road Inc ($1.2m) and Global Vision Citadelle Ministries ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 1.6% of the total. Other salaries and wages came to $720k. At year end it held assets of $1.0m against liabilities of $45k, net assets of $966k. It reported 9 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.