PROMISE ACADEMY
MEMPHIS,
Tennessee,
38108
EIN: 20-1608155
Educational Institutions and Related Activities
DEMOGRAPHIC
ADDRESS
1346 BRYAN ST
38108
COUNTY
shelby county, TN
IN CARE OF NAME
CHARLES GERBER
ORGANIZATIONAL OVERVIEW & RANKINGS
PROMISE ACADEMY is a based in MEMPHIS, TN, focused on Educational Institutions and Related Activities causes . Established in April 2005, it operates as an independent corporation and contributions to this organization are tax-deductible .
With total assets of $7,397,276.00, this ranks 71,068 among 2,656,690 nonprofits nationally (Top 3%), demonstrating exceptional financial capacity relative to its peers. At the state level, it stands at 1,181 out of 52,500 organizations in TN (Top 3%).
In shelby county, TN, the organization ranks 259 out of 12,814 nonprofits by assets (Top 3%), while locally in memphis, it stands at 220 among 10,368 organizations (Top 3%).
The organization reported annual revenue of $6,428,391.00, ranking 40,874 nationally (Top 2%) and 711 in TN (Top 2%).
Within its specific NTEE classification (B29 - B: Educational Institutions and Related Activities), which includes 3,858 similar organizations, PROMISE ACADEMY ranks 1,110 in assets (Top 29%) and 1,196 in revenue (Top 31%).
The organization files a 990 (all other) or 990EZ return and operates on a May fiscal year.
CLASSIFICATION
ORGANIZATION CODE
1: Corporation
DEDUCTIBILITY CODE
1: Contributions are deductible
AFFILIATION CODE
3: Independent
SUBSECTION/CLASSIFICATION CODES
ACTIVITY CODES
N/A
NTEE COMMON CODE
B: Educational Institutions and Related Activities
NTEE CODE
N/A
FOUNDATION CODE
11: School 170(b)(1)(A)(ii)
EXEMPT ORGANIZATION STATUS CODE
N/A
FINANCIALS
TAX PERIOD
06/2022
ACCOUNTING PERIOD
06
INCOME CODE
7: $5,000,000 to $9,999,999
INCOME AMOUNT
$6,432,081.00
FORM 990 REVENUE AMOUNT
$6,428,391.00
RULING DATE
04/2005
ASSET CODE
7: $5,000,000 to $9,999,999
ASSET AMOUNT
$7,397,276.00
FILING REQUIREMENT CODE
990 (all other) or 990EZ return
PF FILING REQUIREMENT CODE
No 990-PF return
Disclaimer: While we are confident of the accuracy of the information on this page, we encourage you verify the information directly with IRS. The IRS has a toll-free number for this at 1-877-829-5500 or visit www.irs.gov.
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