Promise Academy
Tyler, Texas
BHealth Score
59B
Financial Health Score
8-metric score across financial health, operational efficiency, and resilience. Based on IRS Form 990 filing data.
Above Average
💰
$972K
Total Revenue
📊
$1.1M
Total Expenses
🏦
$1.2M
Net Assets
📋
$6K
Total Liabilities
Financial Trends
5-Year Trend Analysis
Financial Health Indicators
Revenue Growth
-4.0%
Year-over-year change (2022 → 2023)
Net Margin
-11.8%
Revenue minus expenses as % of revenue
Working Capital Ratio
1.14
Net assets divided by total expenses
Liabilities-to-Assets
0.5%
Total liabilities as % of total assets
Filing History
9 filings on record| Year | Revenue | Expenses | Assets | |
|---|---|---|---|---|
| 2023 | $971,713↓4% | $1,086,492↑16% | $1,247,574↓7% | |
| 2022 | $1,012,585↑10% | $939,087↑12% | $1,347,405↓9% | — |
| 2021 | $918,927↓46% | $836,592↑38% | $1,486,087↑16% | — |
| 2020 | $1,697,283↑953% | $608,214↑221% | $1,278,859↑1044% | — |
| 2019 | $161,247↓50% | $189,490↓40% | $111,795↓20% | — |
| 2018 | $319,808↑35% | $317,798↑29% | $139,187↑2% | — |
| 2017 | $236,463↑8% | $246,548↑67% | $136,991↓6% | — |
| 2016 | $219,020↑47% | $147,513↑89% | $145,799↑98% | — |
| 2015 | $149,480 | $77,881 | $73,775 | — |
Frequently Asked Questions
What does Promise Academy do?▼
Promise Academy is a education nonprofit organization based in Texas. It is classified under NTEE code B20 and is registered as a 501(c) tax-exempt organization with the IRS.
Is Promise Academy financially healthy?▼
Financial health scoring requires Form 990 filing data. Check back as we process more filings for Promise Academy.
How much revenue does Promise Academy generate?▼
Promise Academy reports $903K in annual revenue and holds $989K in total assets, based on IRS filings.