Washtenaw Promise Inc

Analysis

Washtenaw Promise Inc is a registered charity in United States, based in Chelsea, MI. It received its IRS tax-exemption ruling in September 2018, 8 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Washtenaw Promise Inc reported income of $193k and spending of $202k, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $210k to $193k (-8.0%), an average of -2.1% a year. The sharpest change came in the year to December 2022, when income rose by 61%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Washtenaw Promise 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 53rd percentile, and in the 52nd percentile within MI. Charities of a similar size with the same main cause include Center for Ethical Leadership ($193k), Chief and Calla Bell Scholarship Foundation ($193k) and Classically Formed Inc ($193k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $62k (31% of expenses). Other salaries and wages came to $26k. At year end it held assets of $130k against liabilities of $729, net assets of $129k. It reported 2 employees.