Promise Child

Analysis

Promise Child is a registered charity in United States, based in Garden Grove, CA. It received its IRS tax-exemption ruling in May 2007, 19 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, Promise Child reported income of $2.1m and spending of $2.4m, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.9m to $2.1m (+11%), an average of +2.7% a year. The sharpest change came in the year to December 2021, when income rose by 74%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Promise Child sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within CA. Charities of a similar size with the same main cause include Paramount Center for the Arts ($2.1m), Independent Living Center of Kern County ($2.1m) and Superior Day Care ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $69k (2.9% of expenses). Other salaries and wages came to $111k. At year end it held assets of $2.2m against liabilities of $0, net assets of $2.2m. It reported 5 employees.