Gracious Promise Foundation

Analysis

Gracious Promise Foundation is a registered charity in United States, based in Mission, KS. It received its IRS tax-exemption ruling in April 1996, 30 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, Gracious Promise Foundation reported income of $59k and spending of $74k, spending 125% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $138k to $59k (-57%), an average of -57% a year. The sharpest change came in the year to December 2023, when income dropped by 57%. Over the whole period it spent 70% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Gracious Promise Foundation sits at the 21st percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 20th percentile within KS. Charities of a similar size with the same main cause include Pepin County Food Pantry ($59k), Amanda Neal Foundation Inc ($59k) and United Nimba Citizens Council ($59k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $89k against liabilities of $0, net assets of $89k.