Children of Promise Child Care Ministry Inc

Analysis

Children of Promise Child Care Ministry Inc is a registered charity in United States, based in Gary, IN. It received its IRS tax-exemption ruling in March 2022, 4 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 December 2023, Children of Promise Child Care Ministry Inc reported income of $238k and spending of $168k, leaving 29% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $105k to $238k (+126%), an average of +126% a year. The sharpest change came in the year to December 2023, when income rose by 126%. Over the whole period it spent 78% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Children of Promise Child Care Ministry Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 56th percentile within IN. Charities of a similar size with the same main cause include Summer on the Cuyahoga ($238k), Holy Spirit Educational Foundation Inc ($238k) and Spring Foundation ($237k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $55k (32% of expenses). Other salaries and wages came to $40k. At year end it held assets of $67k against liabilities of $0, net assets of $67k. It reported 9 employees.