Lansing Promise

Analysis

Lansing Promise is a registered charity in United States, based in Lansing, MI. It received its IRS tax-exemption ruling in September 2012, 14 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2024, Lansing Promise reported income of $684k and spending of $694k, spending 101% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $584k to $684k (+17%), an average of +3.2% a year. The sharpest change came in the year to June 2023, when income rose by 384%. Over the whole period it spent 66% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lansing Promise sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within MI. Charities of a similar size with the same main cause include Reign Homeschooling Academy Inc ($684k), School Facilities Management Institute Inc ($684k) and Walnut Creek Vietnamese Foundation ($684k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $150k (22% of expenses). Other salaries and wages came to $101k. At year end it held assets of $2.2m against liabilities of $11k, net assets of $2.2m. It reported 3 employees.