New Promise Children and Family Services

Analysis

New Promise Children and Family Services is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in December 2017, 9 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 June 2024, New Promise Children and Family Services reported income of $261k and spending of $264k, spending 101% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $231k to $261k (+13%), an average of +3.1% a year. The sharpest change came in the year to June 2021, when income rose by 71%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, New Promise Children and Family Services sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 57th percentile within PA. Charities of a similar size with the same main cause include Serenity Angels Child Care Ministry ($261k), Cambridge at Home Inc ($261k) and Tri County Wildlife Care Inc ($261k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $75k (28% of expenses). Other salaries and wages came to $64k. At year end it held assets of $33k against liabilities of $127k, net assets of -$94k. It reported 11 employees.