Neighborhood Promise Inc

Analysis

Neighborhood Promise Inc is a registered charity in United States, based in New Britain, CT. It received its IRS tax-exemption ruling in August 2015, 11 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, Neighborhood Promise Inc reported income of $166k and spending of $96k, leaving 42% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $105k to $166k (+59%), an average of +59% a year. The sharpest change came in the year to December 2023, when income rose by 59%. Over the whole period it spent 83% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Neighborhood Promise Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 47th percentile within CT. Charities of a similar size with the same main cause include Scottish Rite Speech Therapy Center for Children ($166k), Pregnancy Help Center of Artesia ($166k) and Ashleys Angels Inc ($166k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 82% of the total. At year end it held assets of $28k against liabilities of $5,000, net assets of $23k.