Promiss

Analysis

Promiss is a registered charity in United States, based in Gautier, MS. It received its IRS tax-exemption ruling in October 2002, 24 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, Promiss reported income of $202k and spending of $173k, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $166k to $202k (+22%), an average of +5.0% a year. The sharpest change came in the year to December 2023, when income rose by 22%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Promiss sits at the 49th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 55th percentile within MS. Charities of a similar size with the same main cause include Sitrin Foundation Inc ($202k), Kinneret Council on Aging Inc ($202k) and Affect Real Change Inc ($202k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $42k (24% of expenses). Other salaries and wages came to $66k. At year end it held assets of $184k against liabilities of $5,469, net assets of $179k. It reported 9 employees.