Promosalud

Analysis

Promosalud is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Promosalud reported income of $194k and spending of $329k, spending 169% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income fell from $218k to $194k (-11%), an average of -3.9% a year. The sharpest change came in the year to December 2021, when income rose by 408%. Over the whole period it spent 91% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Promosalud sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 57th percentile within TX. Charities of a similar size with the same main cause include Sensational Fun Inc ($194k), Pines Care Center Inc ($194k) and Boston North Cancer Association ($194k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.5% and program service revenue 83% of the total. Other salaries and wages came to $218k. At year end it held assets of $475k against liabilities of $15k, net assets of $460k. It reported 9 employees.