Promise Inc
W Melbourne, Florida
A-Health Score
79A-
Financial Health Score
8-metric score across financial health, operational efficiency, and resilience. Based on IRS Form 990 filing data.
Very Good
💰
$1.9M
Total Revenue
📊
$1.7M
Total Expenses
🏦
$5.4M
Net Assets
📋
$88K
Total Liabilities
Financial Trends
5-Year Trend Analysis
Financial Health Indicators
Revenue Growth
-8.3%
Year-over-year change (2022 → 2023)
Net Margin
+11.8%
Revenue minus expenses as % of revenue
Working Capital Ratio
3.20
Net assets divided by total expenses
Liabilities-to-Assets
1.6%
Total liabilities as % of total assets
Filing History
13 filings on record| Year | Revenue | Expenses | Assets | |
|---|---|---|---|---|
| 2023 | $1,926,144↓8% | $1,699,408↓2% | $5,531,883↑2% | |
| 2022 | $2,100,149↑29% | $1,727,175↑14% | $5,412,626↓16% | — |
| 2021 | $1,622,673↓2% | $1,511,637↑7% | $6,433,765↑3% | — |
| 2020 | $1,660,995↓3% | $1,410,829 | $6,233,813↑2% | — |
| 2019 | $1,713,674↓61% | $1,414,510↓25% | $6,082,357↑1% | — |
| 2018 | $4,397,775↑130% | $1,883,074↑44% | $6,048,485↑62% | — |
| 2017 | $1,912,458↑31% | $1,305,656↑47% | $3,740,560↑59% | — |
| 2016 | $1,458,922↑61% | $891,088↑38% | $2,350,767↓21% | — |
| 2015 | $907,299↑71% | $646,331↑56% | $2,972,644↑46% | — |
| 2014 | $529,349↑133% | $413,440↑82% | $2,034,441↑7% | — |
| 2013 | $226,924↑1% | $227,116↑105% | $1,898,348↑1186% | — |
| 2012 | $224,877↑165% | $110,891↑25% | $147,672↑3370% | — |
| 2011 | $84,726 | $88,375 | $4,256 | — |
Frequently Asked Questions
What does Promise Inc do?▼
Promise Inc is a housing & shelter nonprofit organization based in Florida. It is classified under NTEE code L22 and is registered as a 501(c) tax-exempt organization with the IRS.
Is Promise Inc financially healthy?▼
Financial health scoring requires Form 990 filing data. Check back as we process more filings for Promise Inc.
How much revenue does Promise Inc generate?▼
Promise Inc reports $1.6M in annual revenue and holds $5.6M in total assets, based on IRS filings.
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