Promise 418 Project

Analysis

Promise 418 Project is a registered charity in United States, based in Argyle, TX. It received its IRS tax-exemption ruling in August 2021, 5 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Promise 418 Project reported income of $58k and spending of $57k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $54k to $58k (+7.8%), an average of +7.8% a year. Over the whole period it spent 141% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Promise 418 Project sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 23rd percentile within TX. Charities of a similar size with the same main cause include International Farmers Aid Association ($58k), Kids at the Crossroads Peru ($58k) and Hope Shines Inc ($58k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $4,329 against liabilities of $0, net assets of $4,329.