Promo Fund

Analysis

Promo Fund is a registered charity in United States, based in Saint Louis, MO. It received its IRS tax-exemption ruling in May 1994, 32 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Promo Fund reported income of $655k and spending of $725k, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $463k to $655k (+42%), an average of +9.1% a year. The sharpest change came in the year to December 2023, when income rose by 37%. Over the whole period it spent 105% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Promo Fund sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 72nd percentile within MO. Charities of a similar size with the same main cause include Waltham Day Care Center Inc ($655k), Pocahontas County Senior Citizens Inc ($655k) and Comprehensive Personal Care Services Inc ($655k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% of the total. Other salaries and wages came to $404k. At year end it held assets of $296k against liabilities of $34k, net assets of $263k. It reported 6 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.