Promise Land Heritage Association

Analysis

Promise Land Heritage Association is a registered charity in United States, based in Charlotte, TN. It received its IRS tax-exemption ruling in November 2007, 19 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 December 2023, Promise Land Heritage Association reported income of $118k and spending of $34k, leaving 71% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $38k to $118k (+214%), an average of +214% a year. The sharpest change came in the year to December 2023, when income rose by 214%. Over the whole period it spent 37% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Promise Land Heritage Association sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 41st percentile within TN. Charities of a similar size with the same main cause include International Museum of Dinnerware Design Inc ($118k), Hoola Music and Cultural Arts ($118k) and At His Feet Ministries ($118k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $121k against liabilities of $0, net assets of $121k.