Simple Promise Farms

Analysis

Simple Promise Farms is a registered charity in United States, based in Elgin, TX. It received its IRS tax-exemption ruling in May 2020, 6 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, Simple Promise Farms reported income of $380k and spending of $325k, spending 86% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $311k to $380k (+22%), an average of +22% a year. The sharpest change came in the year to December 2023, when income rose by 22%. Over the whole period it spent 85% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Simple Promise Farms sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 70th percentile within TX. Charities of a similar size with the same main cause include Total Health ($380k), LC Medical and Support Services ($380k) and River Valley Riders ($380k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $79k (24% of expenses). Other salaries and wages came to $120k. At year end it held assets of $193k against liabilities of $51k, net assets of $142k. It reported 12 employees.