Promote Pt

Analysis

Promote Pt is a registered charity in United States, based in Harrison City, PA. It received its IRS tax-exemption ruling in November 2015, 11 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Promote Pt reported income of $1.1m and spending of $895k, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $349k to $1.1m (+224%), an average of +34% a year. The sharpest change came in the year to December 2023, when income rose by 69%. Over the whole period it spent 79% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Promote Pt sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 79th percentile within PA. Charities of a similar size with the same main cause include New York Professional Advisors for Community Entrepreneurs Inc ($1.1m), Ciencia Puerto Rico Inc ($1.1m) and Spanish Peaks Community Foundation ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $350k. At year end it held assets of $809k against liabilities of $0, net assets of $809k. It reported 12 employees.