The House of Promise

Analysis

The House of Promise is a registered charity in United States, based in Lansing, MI. It received its IRS tax-exemption ruling in July 2013, 13 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, The House of Promise reported income of $465k and spending of $535k, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $503k to $465k (-7.5%), an average of -1.9% a year. The sharpest change came in the year to December 2022, when income rose by 21%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The House of Promise sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within MI. Charities of a similar size with the same main cause include Scalabrini Lay Movement Inc ($465k), The Arc Caddo-Bossier Foundation ($465k) and Homefront Inc ($465k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% of the total. Compensation of current officers, directors and key employees was $60k (11% of expenses). Other salaries and wages came to $223k. At year end it held assets of $572k against liabilities of $294k, net assets of $277k. It reported 23 employees.