New Promise Foundation Inc

Analysis

New Promise Foundation Inc is a registered charity in United States, based in Bristol, PA. It received its IRS tax-exemption ruling in May 2021, 5 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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, New Promise Foundation Inc reported income of $563k and spending of $37k, leaving 93% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $260k to $563k (+116%), an average of +29% a year. The sharpest change came in the year to December 2022, when income rose by 42%. Over the whole period it spent 5.5% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, New Promise Foundation Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 70th percentile within PA. Charities of a similar size with the same main cause include Brooke Healey Foundation ($563k), International Dermatology Outcome Measures ($563k) and San Jose Moscati Medical Home ($563k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. At year end it held assets of $1.5m against liabilities of $37, net assets of $1.5m.