Promise2live

Analysis

Promise2live is a registered charity in United States, based in Salt Lake Cty, UT. It received its IRS tax-exemption ruling in May 2016, 10 years ago. 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, Promise2live reported income of $155k and spending of $135k, spending 88% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $165k to $155k (-6.3%), an average of -6.3% a year. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Promise2live sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 46th percentile within UT. Charities of a similar size with the same main cause include Iowa Giving Crew ($155k), Victim-Witness Assistance Services Inc ($155k) and John Carroll Area Ambulance Assoc ($155k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $48k against liabilities of $0, net assets of $48k.