Overview

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Est.

2014

Latest Fiscal Year

Not available

Organization Type

Grantseeker

AI Summary

Promise Academy, identified by EIN 35-2519571, is a nonprofit organization dedicated to enhancing elementary and secondary education in North Tyler. With an operating budget of $1.2 million and total revenue of $902.9K for the 2024 filing year, the academy focuses on cultivating wise, creative, and compassionate leaders through exemplary Christ-centered education, aiming for the joy of the city and the glory of God. The organization does not rely on a single funder for 50% or more of its revenue, ensuring a diverse funding base. For more information, visit their website at www.promisetyler.org.

Mission Statement

Promise Academy cultivates wise, creative, and compassionate leaders through exemplary Christ-centered education in North Tyler for the joy of our city and the glory of God.
Revenues
$902.9K
Expenses
$1.2M
Net Income:
-$266.3K
Assets
$988.8K
Liabilities
$3.8K
Net Assets:
+$984.9K
Operating Budget
$1.2M
Operating Budget by Year

Due Diligence

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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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Total No. of Grants
7
Median grant size
$50K
Largest grant received
$100K
S
Sarah Cumming
Board Member
C
Cynthia Riter
Board Member
C
Cynthia Freeman
Board Member

Frequently Asked Questions

What is PROMISE ACADEMY’s budget?
In 2024, PROMISE ACADEMY reported an annual operating budget of around $1.2 million. More detailed financial information is available to registered users.
What causes does PROMISE ACADEMY support?
PROMISE ACADEMY supports work in Elementary and secondary education.
Where does PROMISE ACADEMY operate?
PROMISE ACADEMY is headquartered in Tyler, TX.
Who funded PROMISE ACADEMY recently?
In 2024, PROMISE ACADEMY received grants from COMMUNITIES FOUNDATION OF TEXAS INC, EAST TEXAS COMMUNITIES FOUNDATION, and AW RITER JR FAMILY FOUNDATION. More information on this organization’s funders is available to registered users.
What is the largest grant PROMISE ACADEMY received in 2024?
The largest grant to PROMISE ACADEMY in 2024 exceeds $100 thousand.