Financial Information for Promise Academy INC

Promise Academy INC's annual revenue was $339K in tax year 2024, reported on their IRS Form 990. They spent $638K in total expenses. 76% went to programs and services.

Financial Breakdown

What is Promise Academy INC's total annual expenses?

Promise Academy INC spent $638K in tax year 2024, according to their IRS Form 990 filing.

How much of Promise Academy INC's budget goes to programs?

Promise Academy INC spent $483K (76% of expenses) on programs and services in tax year 2024.

How much does Promise Academy INC spend on overhead?

Promise Academy INC's overhead in tax year 2024 includes administrative (24%) and fundraising (0%) of their expenses.

What is Promise Academy INC's net worth?

Promise Academy INC had net assets of −$303K as of the end of tax year 2024.

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All figures are reported on the organization's IRS Form 990 filing and are public record. Revenue and expense data come from Form 990 Part I, and asset data comes from the balance sheet section. These are filed amounts as reported by the organization.