Promise Center of Homewood Inc

Analysis

Promise Center of Homewood Inc is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in March 2022, 4 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 Center of Homewood Inc reported income of $132k and spending of $122k, spending 92% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $108k to $132k (+22%), an average of +22% a year. The sharpest change came in the year to December 2023, when income rose by 22%. Over the whole period it spent 80% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Promise Center of Homewood Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 41st percentile within PA. Charities of a similar size with the same main cause include Brown County Fair ($131k), Big Timber After School Club Inc ($132k) and Blockhead Boosters Inc ($131k).

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 $66k against liabilities of $0, net assets of $66k.