Promise Reapers Inc

Analysis

Promise Reapers Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in January 2024, 2 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 2022, Promise Reapers Inc reported income of $323k and spending of $71k, leaving 78% of income unspent that year. Across the 3 years on record, from December 2020 to December 2022, income grew from $58k to $323k (+455%), an average of +136% a year. The sharpest change came in the year to December 2022, when income rose by 303%. Over the whole period it spent 39% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Promise Reapers Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 67th percentile within TX. Charities of a similar size with the same main cause include Taylorsville Church of Christ ($323k), Interim Ministry Network ($323k) and Congregation Beit Simcha ($323k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 97% of the total. Other salaries and wages came to $38k. At year end it held assets of $347k against liabilities of $808, net assets of $346k. It reported 1 employees.