Social Promise Inc

Analysis

Social Promise Inc is a registered charity in United States, based in Greencastle, IN. It received its IRS tax-exemption ruling in January 2012, 14 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, Social Promise Inc reported income of $2.1m and spending of $2.3m, spending 107% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $1.3m to $2.1m (+58%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 78%. Over the whole period it spent 92% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Social Promise Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within IN. Charities of a similar size with the same main cause include Assyrian Aid Society of America ($2.1m), Global Restoration Trading Co ($2.1m) and Campaign for Human Rights Inc ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 101% of the total. Other salaries and wages came to $2,791. At year end it held assets of $697k against liabilities of $5,254, net assets of $692k. It reported 1 employees.