Education
(B21)
IRS Verified
DX Registered
990 on File
TOMORROWS PROMISE INC
Financial strength (30%)
73/100
Reliability (20%)
55/100
Effectiveness (25%)
68/100
Impact (25%)
65/100
CharityAI™ Score
Not yet evaluated
Mission Statement
A trusted nonprofit brings world-class Montessori education and Christian values to the community to build a brighter future, one child at a time. You can always find the support you need within the classroom, and our dedicated staff proactively nurtures personal connections with parents. Also, as a partner with the Dolly Parton’s Imagination Library, we spread a love of reading by gifting age-appropriate books to our community’s children–over 930 local families benefit each month, bringing the magic of story time to life.
Financial Overview — FY 2023
$3.1M
Total Revenue
$2.7M
Total Expenses
$1.3M
Net Assets
102
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
72.5%
Fundraising Efficiency
N/A
Operating Reserve
5.78x
Liability-to-Asset
46.5%
Revenue Diversification
72.9%
Compared with Peers
FY 2023
Compared with 11,226 similar organizations
(United States, Education, $1M–$10M in expenses), FY 2023.
This organization
Middle half of peers (P25–P75)
Peer median
| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
72.5% | 84.5% |
P10P90
|
Bottom quarter |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
23.8% | 13.0% |
P10P90
|
Bottom quarter |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
3.7% | 0.0% |
P10P90
|
Bottom quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
5.8 mo | 8.6 mo |
P10P90
|
Below median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
46.5% | 23.0% |
P10P90
|
Below median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
72.9% | 90.7% |
P10P90
|
Top quarter |
|
Revenue growth
Year over year revenue growth
|
-14.8% | 7.5% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
0.7% | 11.6% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
11.9% | 3.2% |
P10P90
|
Impact
2 programs| Outcome / Program | People Served | Cost / Service | # Completed | Duration |
|---|---|---|---|---|
| Partnership w/Dolly Parton Imagination Library sends 930+ free books monthly. Improve Literacy rates | 930 | $25.00 | 9,000 | Per Day |
| Monthly. Improve early education of young children by offering Montessori program. | 500 | $650.00 | 500 | Per Month |
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2023 | $3.1M | $2.7M | $1.3M | 72.5% | 102 |
| 2022 | $3.7M | $2.7M | $948K | 71.8% | 99 |
| 2021 | $2.2M | $1.6M | N/A | — | 85 |
| 2020 | $1.1M | $1.1M | N/A | — | 66 |
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