PROMISE ACADEMY INC
AI Summary
PROMISE ACADEMY INC is a charter school education nonprofit focused on teaching and inspiring children’s mind, body, and spirit so they can succeed in rigorous academic and cultural settings. In filing year 2025, it reported an operating budget of $5.4M and total revenue of $5.2M, with major support from COMMUNITY FOUNDATION OF GREATER MEMPHIS INC, Fleetwood Foundation Inc, and 50CAN INC.
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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- 7 funders
- 30 board & team members
- 12 historic 990s & financials
- 6-year operating budget trend
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.