Promise Council

Analysis

Promise Council is a registered charity in United States, based in Bloomington, IL. It received its IRS tax-exemption ruling in October 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2024, Promise Council reported income of $117k and spending of $84k, leaving 28% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income fell from $190k to $117k (-38%), an average of -38% a year. The sharpest change came in the year to June 2024, when income dropped by 38%. Over the whole period it spent 58% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Promise Council sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 42nd percentile within IL. Charities of a similar size with the same main cause include Grizzly Way Booster Club ($117k), Birdville United Band Boosters ($117k) and Highlands Elementary School Parent Teacher Organization ($117k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 86% of the total. At year end it held assets of $263k against liabilities of $0, net assets of $263k.