Birmingham Promise Inc

Analysis

Birmingham Promise Inc is a registered charity in United States, based in Birmingham, AL. It received its IRS tax-exemption ruling in August 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Birmingham Promise Inc reported income of $8.0m and spending of $7.1m, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.3m to $8.0m (+249%), an average of +37% a year. The sharpest change came in the year to December 2021, when income rose by 104%. Over the whole period it spent 56% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Birmingham Promise Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 96th percentile within AL. Charities of a similar size with the same main cause include Capitol Collegiate Inc ($8.0m), Seed Global Health Inc ($8.0m) and Aurora Charter School ($8.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 1.1% of the total. Compensation of current officers, directors and key employees was $161k (2.3% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $12.7m against liabilities of $19k, net assets of $12.7m. It reported 27 employees.