Promise Homes and Services Inc

Analysis

Promise Homes and Services Inc is a registered charity in United States, based in Redding, CA. It received its IRS tax-exemption ruling in August 2010, 16 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 Homes and Services Inc reported income of $430k and spending of $436k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $469k to $430k (-8.2%), an average of -2.1% a year. Over the whole period it spent 100% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Promise Homes and Services Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 70th percentile within CA. Charities of a similar size with the same main cause include TG 304 Inc ($430k), Lutheran Housing Services of Howland ($430k) and Havenside Corporation ($430k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $115k. At year end it held assets of $31k against liabilities of $0, net assets of $31k.