Promise Resource Network Inc
Charlotte, North Carolina
Financial Health Score
9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.
Above Average
Financial Trends
5-Year Trend Analysis
Financial Health Indicators
Filing History
9 filings on record| Year | Revenue | Expenses | Assets | |
|---|---|---|---|---|
| 2023 | $4,071,307↓1% | $4,103,104↓4% | $4,635,428↑44% | |
| 2022 | $4,126,158↑26% | $4,255,135↑70% | $3,219,248↑55% | — |
| 2021 | $3,268,532↑81% | $2,506,554↑40% | $2,080,671↑453% | — |
| 2020 | $1,803,186↑2% | $1,793,479↑5% | $376,322↑73% | — |
| 2018 | $1,763,584↑7% | $1,715,671 | $217,202↑77% | — |
| 2017 | $1,643,764↑1% | $1,718,874↑21% | $122,958↓30% | — |
| 2016 | $1,628,266↑50% | $1,415,985↑34% | $176,198↑4% | — |
| 2015 | $1,086,165↑141% | $1,054,780↑200% | $168,630↑17% | — |
| 2014 | $449,917 | $351,947 | $144,065 | — |
Frequently Asked Questions
What does Promise Resource Network Inc do?▼
Promise Resource Network Inc is a mental health & crisis intervention nonprofit organization based in North Carolina. It is classified under NTEE code F30 and is registered as a 501(c) tax-exempt organization with the IRS.
Is Promise Resource Network Inc financially healthy?▼
Based on our 9-metric Financial Health Score model, Promise Resource Network Inc has a score of 59/100 (Grade: B). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.
How much revenue does Promise Resource Network Inc generate?▼
Promise Resource Network Inc reports $5.0M in annual revenue and holds $5.7M in total assets, based on IRS filings.
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