Promise Ridge Inc

Analysis

Promise Ridge Inc is a registered charity in United States, based in Idaho Falls, ID. It received its IRS tax-exemption ruling in November 2018, 8 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 September 2023, Promise Ridge Inc reported income of $166k and spending of $120k, leaving 28% of income unspent that year. Across the 2 years on record, from September 2022 to September 2023, income fell from $174k to $166k (-4.6%), an average of -4.6% a year. Over the whole period it spent 82% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Promise Ridge Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 51st percentile within ID. Charities of a similar size with the same main cause include St Leos Soup Kitchen ($166k), Silverton Area Seniors Inc ($166k) and Sparrow Womens Clinic Inc ($166k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $102k against liabilities of $1,528, net assets of $101k.