Promise Arizona

Analysis

Promise Arizona is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in September 2012, 14 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, Promise Arizona reported income of $294k and spending of $361k, spending 123% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.2m to $294k (-75%), an average of -29% a year. The sharpest change came in the year to December 2021, when income dropped by 77%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Promise Arizona sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 59th percentile within AZ. Charities of a similar size with the same main cause include All Belong to Christ Daycare & Preschool Inc ($294k), Washington Wheat Foundation ($294k) and Food Pantry of Alpine ($294k).

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 $96k (27% of expenses). Other salaries and wages came to $99k. At year end it held assets of $8,861 against liabilities of $0, net assets of $8,861. It reported 11 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.