Promise Ranch Ministries Inc

Analysis

Promise Ranch Ministries Inc is a registered charity in United States, based in MC Alistervle, PA. It received its IRS tax-exemption ruling in July 2020, 6 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, Promise Ranch Ministries Inc reported income of $227k and spending of $180k, leaving 21% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $236k to $227k (-4.0%), an average of -4.0% a year. Over the whole period it spent 71% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Promise Ranch Ministries Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 54th percentile within PA. Charities of a similar size with the same main cause include Chautauqua County Youth Hockey Association ($227k), Raising Men Lawn Care Inc ($227k) and New Haven Chorale Inc ($227k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $15k (8.5% of expenses). Other salaries and wages came to $25k. At year end it held assets of $315k against liabilities of $0, net assets of $315k. It reported 4 employees.