Promise Community Center

Analysis

Promise Community Center is a registered charity in United States, based in Aberdeen, WA. It received its IRS tax-exemption ruling in May 1984, 42 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Promise Community Center reported income of $596k and spending of $442k, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $546k to $596k (+9.1%), an average of +2.2% a year. The sharpest change came in the year to December 2022, when income rose by 53%. Over the whole period it spent 74% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Promise Community Center sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 72nd percentile within WA. Charities of a similar size with the same main cause include Welcome Table Inc ($596k), Bionutrient Food Association Inc ($596k) and Feed Lake Highlands Inc ($596k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.0% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $137k (31% of expenses). Other salaries and wages came to $179k. At year end it held assets of $1.9m against liabilities of $0, net assets of $1.9m. It reported 16 employees.