PROMISE ACADEMY INC
AI Summary
PROMISE ACADEMY INC is a nonprofit organization focused on charter school education, dedicated to teaching and inspiring the mind, body, and spirit of children to prepare them for success in rigorous academic environments. With an operating budget of $5.4 million and total revenue of $5.2 million for the fiscal year 2025, the organization receives significant support from top funders including COMMUNITY FOUNDATION OF GREATER MEMPHIS INC, 50CAN INC, and CHRISTIAN COMMUNITY FOUNDATION OF MEMPHIS. PROMISE ACADEMY is committed to empowering children to excel in any academic or cultural setting.
Mission Statement
OUR CENTRAL AND ONLY WORK IS TO TEACH AND INSPIRE THE MIND, BODY AND SPIRIT OF OUR CHILDREN SO THAT THEY CAN SUCCEED IN ANY ACADEMIC OR CULTURAL SETTING. PROMISE ACADEMY IS COMMITTED TO PREPARING CHILDREN TO EXCEL IN THE NATION'S MOST REGOROUS SCHOOLS.
Cause Areas
1
Charter school education
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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Frequently Asked Questions
What is PROMISE ACADEMY INC’s budget?
In 2025, PROMISE ACADEMY INC reported an annual operating budget of around $5.4 million. More detailed financial information is available to registered users.
What causes does PROMISE ACADEMY INC support?
PROMISE ACADEMY INC supports work in Charter school education.
Where does PROMISE ACADEMY INC operate?
PROMISE ACADEMY INC is headquartered in Memphis, TN.
Who funded PROMISE ACADEMY INC recently?
In 2025, PROMISE ACADEMY INC received grants from COMMUNITY FOUNDATION OF GREATER MEMPHIS INC, COMMUNITY FOUNDATION OF GREATER MEMPHIS INC, and 50CAN INC. More information on this organization’s funders is available to registered users.
What is the largest grant PROMISE ACADEMY INC received in 2024?
The largest grant to PROMISE ACADEMY INC in 2024 exceeds $478 thousand.
What is PROMISE ACADEMY INC’s reliance on government grants?
PROMISE ACADEMY INC relied on government grants for more than 65% of their total revenue in 2025.