Century Promise

Analysis

Century Promise is a registered charity in United States, based in Allentown, PA. It received its IRS tax-exemption ruling in January 2022, 4 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 June 2024, Century Promise reported income of $370k and spending of $317k, spending 86% of its income. Across the 3 years on record, from June 2022 to June 2024, income grew from $83k to $370k (+347%), an average of +111% a year. The sharpest change came in the year to June 2023, when income rose by 1442%. Over the whole period it spent 46% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Century Promise sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 63rd percentile within PA. Charities of a similar size with the same main cause include Yarmouth Historical Society ($370k), Volunteer Ambulance Corps of Livingston Manor Inc ($370k) and Broadmoor Improvement Association Incorporated ($370k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 92% of the total. Compensation of current officers, directors and key employees was $166k (53% of expenses). Other salaries and wages came to $50k. At year end it held assets of $1.1m against liabilities of $11k, net assets of $1.0m. It reported 2 employees.