Promise Village Academy

Analysis

Promise Village Academy is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in July 2022, 4 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, Promise Village Academy reported income of $453k and spending of $499k, spending 110% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $136k to $453k (+234%), an average of +234% a year. The sharpest change came in the year to December 2023, when income rose by 234%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Promise Village Academy sits at the 67th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 73rd percentile within TX. Charities of a similar size with the same main cause include Panhellenic Scholarship Foundation ($453k), New York City Tourism Foundation Inc ($453k) and Sheepscot Valley Childrens House ($453k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $76k against liabilities of $0, net assets of $76k.