Thomas Promise Foundation Inc

Analysis

Thomas Promise Foundation Inc is a registered charity in United States, based in Dade City, FL. It received its IRS tax-exemption ruling in February 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Thomas Promise Foundation Inc reported income of $358k and spending of $307k, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $280k to $358k (+28%), an average of +6.4% a year. The sharpest change came in the year to December 2021, when income dropped by 31%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Thomas Promise Foundation Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 68th percentile within FL. Charities of a similar size with the same main cause include His Eye Is on the Sparrow ($358k), Herd Community Development Corporation ($358k) and Finally Family Homes ($358k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $198k against liabilities of $0, net assets of $198k.