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DEMOGRAPHIC

ADDRESS
1500 TROJAN ST
48235
COUNTY
wayne county, MI
IN CARE OF NAME
MELISSA HAMANN

ORGANIZATIONAL OVERVIEW & RANKINGS

PROMISE SCHOOLS is a based in DETROIT, MI, focused on Educational Institutions and Related Activities causes , specifically Educational Services and Schools - Other. Established in September 2014, it operates as an independent corporation and contributions to this organization are tax-deductible .

With total assets of $2,459,805.00, this ranks 135,325 among 2,656,690 nonprofits nationally (Top 6%), demonstrating substantial financial capacity relative to its peers. At the state level, it stands at 3,572 out of 79,991 organizations in MI (Top 5%).

In wayne county, MI, the organization ranks 621 out of 13,625 nonprofits by assets (Top 5%), while locally in detroit, it stands at 387 among 6,749 organizations (Top 6%).

The organization reported annual revenue of $7,688,968.00, ranking 36,215 nationally (Top 2%) and 969 in MI (Top 2%).

Within its specific NTEE classification (B90 - B: Educational Institutions and Related Activities), which includes 26,661 similar organizations, PROMISE SCHOOLS ranks 583 in assets (Top 3%) and 157 in revenue (Top 1%).

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
B90: Educational Services and Schools - Other
FOUNDATION CODE
15: Organization which receives a substantial part of its support from a governmental unit or the general public 170(b)(1)(A)(vi)
EXEMPT ORGANIZATION STATUS CODE
N/A

FINANCIALS

TAX PERIOD
06/2021
ACCOUNTING PERIOD
06
INCOME CODE
7: $5,000,000 to $9,999,999
INCOME AMOUNT
$7,688,968.00
FORM 990 REVENUE AMOUNT
$7,688,968.00
RULING DATE
09/2014
ASSET CODE
6: $1,000,000 to $4,999,999
ASSET AMOUNT
$2,459,805.00
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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