Promise Land Pastures

Analysis

Promise Land Pastures is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in July 2019, 7 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 Land Pastures reported income of $77k and spending of $133k, spending 172% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $70k to $77k (+10%), an average of +2.5% a year. The sharpest change came in the year to December 2020, when income rose by 230%. Over the whole period it spent 98% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Promise Land Pastures sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 29th percentile within VA. Charities of a similar size with the same main cause include Rise Up Community Farm ($77k), P a L of Evansville Inc ($77k) and Point Hope Booster Club ($77k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% and program service revenue 19% of the total. Other salaries and wages came to $55k. At year end it held assets of $17k against liabilities of $1,385, net assets of $15k. It reported 2 employees.