Miriams Promise

Analysis

Miriams Promise is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in February 2003, 23 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, Miriams Promise reported income of $422k and spending of $454k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $474k to $422k (-11%), an average of -2.8% a year. The sharpest change came in the year to December 2022, when income dropped by 19%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Miriams Promise sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 69th percentile within TN. Charities of a similar size with the same main cause include Union Meadows Housing Development Fund Company Inc ($422k), Care Lab ($422k) and Iowa Parks and Recreation Association Inc ($422k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% and program service revenue 31% of the total. Compensation of current officers, directors and key employees was $79k (18% of expenses). Other salaries and wages came to $182k. At year end it held assets of $285k against liabilities of $41k, net assets of $244k. It reported 6 employees.