Promise Development Corporation
Memphis, Tennessee
Financial Health Score
9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.
Excellent
Financial Trends
5-Year Trend Analysis
Financial Health Indicators
Filing History
13 filings on record| Year | Revenue | Expenses | Assets | |
|---|---|---|---|---|
| 2023 | $3,499,542↓18% | $3,450,236↑8% | $7,218,735↑1% | — |
| 2022 | $4,277,565↑41% | $3,199,253↑8% | $7,150,223↑23% | — |
| 2021 | $3,033,896↓18% | $2,975,229↑7% | $5,823,077↓3% | — |
| 2020 | $3,719,840↑48% | $2,774,838↑17% | $5,992,520↑19% | — |
| 2019 | $2,516,184↓3% | $2,380,334↑5% | $5,024,263↑1% | — |
| 2018 | $2,584,353↑3% | $2,257,620↓2% | $4,996,655↑9% | — |
| 2017 | $2,513,965↑8% | $2,303,514↓7% | $4,571,899 | — |
| 2016 | $2,333,806↓8% | $2,478,829↓27% | $4,582,302↓3% | — |
| 2015 | $2,528,115↑6% | $3,418,175↑75% | $4,732,825↑16% | — |
| 2014 | $2,384,000↓22% | $1,958,560↑49% | $4,088,362↑15% | — |
| 2013 | $3,051,352↑141% | $1,314,055↑210% | $3,541,010↑95% | — |
| 2012 | $1,268,606↑306% | $424,008↑68% | $1,813,185↑84% | — |
| 2011 | $312,306 | $251,745 | $985,882 | — |
Frequently Asked Questions
What does Promise Development Corporation do?▼
Promise Development Corporation is a housing & shelter nonprofit organization based in Tennessee. It is classified under NTEE code L25 and is registered as a 501(c) tax-exempt organization with the IRS.
Is Promise Development Corporation financially healthy?▼
Based on our 9-metric Financial Health Score model, Promise Development Corporation has a score of 88/100 (Grade: A). 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 Development Corporation generate?▼
Promise Development Corporation reports $3.5M in annual revenue and holds $7.2M in total assets, based on IRS filings.
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