Royal Promise

Analysis

Royal Promise is a registered charity in United States, based in Eden Prairie, MN. It received its IRS tax-exemption ruling in May 2019, 7 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Royal Promise reported income of $173k and spending of $183k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $234k to $173k (-26%), an average of -7.3% a year. The sharpest change came in the year to December 2022, when income dropped by 35%. Over the whole period it spent 99% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Royal Promise 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 50th percentile, and in the 49th percentile within MN. Charities of a similar size with the same main cause include Al Jariya Corporation ($173k), Ballinger Cares Inc ($173k) and Millikin Severance No 2 Fund A-2 ($173k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $7,241 against liabilities of $0, net assets of $7,241.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.