Princess Promise Inc

Analysis

Princess Promise Inc is a registered charity in United States, based in McKinney, TX. It received its IRS tax-exemption ruling in February 2015, 11 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Princess Promise Inc reported income of $315k and spending of $363k, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $228k to $315k (+38%), an average of +8.5% a year. The sharpest change came in the year to December 2021, when income rose by 43%. Over the whole period it spent 86% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Princess Promise Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 67th percentile within TX. Charities of a similar size with the same main cause include Atlas of Lyon County ($315k), Lovin Life Inc ($315k) and Mentoring Timothy Inc ($315k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $58k (16% of expenses). Other salaries and wages came to $46k. It paid $3,500 in professional fundraising fees. At year end it held assets of $286k against liabilities of $2,432, net assets of $283k. It reported 4 employees.