Felicias Promise Incorporated

Analysis

Felicias Promise Incorporated is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in August 2021, 5 years ago. 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, Felicias Promise Incorporated reported income of $113k and spending of $82k, leaving 27% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $13k to $113k (+771%), an average of +195% a year. The sharpest change came in the year to December 2022, when income rose by 755%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Felicias Promise Incorporated sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 39th percentile within NY. Charities of a similar size with the same main cause include Kirkwood Rotary Club Inc ($112k), PTA Colorado Congress ($113k) and Living Water Ministries Incorporated ($112k).

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 $42k against liabilities of $0, net assets of $42k.