Promise of Justice Initiative

Analysis

Promise of Justice Initiative is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in June 2020, 6 years ago. Its declared purposes cover crime and legal-related, which this site groups under human rights and equality. 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 2023, Promise of Justice Initiative reported income of $3.7m and spending of $3.2m, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.2m to $3.7m (+208%), an average of +32% a year. The sharpest change came in the year to June 2021, when income rose by 77%. Over the whole period it spent 86% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, Promise of Justice Initiative sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within LA. Charities of a similar size with the same main cause include Greater Richmond Scan -Stop Child Abuse Now-Inc ($3.7m), Showing Up for Racial Justice Education Fund Inc ($3.7m) and North Mississippi Rural Legal Services Inc ($3.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% and program service revenue 1.1% of the total. Compensation of current officers, directors and key employees was $135k (4.2% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $2.4m against liabilities of $305k, net assets of $2.1m. It reported 30 employees.