Charity Search / PROMISE OF DEMOCRACY FOUNDATION INC
Public & Societal Benefit (W24) 990 on File

PROMISE OF DEMOCRACY FOUNDATION INC

EIN: 26-4261551 · CLEVELAND, OH 44114-2654 · United States · FY 2023 Data
2 out of 5 38 / 100 Based on 2+ years of filings
Financial strength (30%) 44/100
Reliability (20%) 50/100
Effectiveness (25%) 61/100
Impact (25%) No data yet
Financial data: FY 2023 · Scored 9/13/2026
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CharityAI™ Score
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Financial Overview — FY 2023
$25K
Total Revenue
$71K
Total Expenses
$-7,612
Net Assets
N/A
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 93.4%
Fundraising Efficiency N/A
Operating Reserve -1.28x
Liability-to-Asset 4148.9%
Revenue Diversification 100.0%
Compared with Peers
FY 2023
Compared with 2,844 similar organizations (United States, Public & Societal Benefit, under $100K 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
93.4% 80.7%
P10P90
Above median
Operating reserve
Months of expenses covered by net assets · higher is better
-1.3 mo 17.0 mo
P10P90
Bottom quarter
Liabilities to assets
Total liabilities / total assets · lower is better
4148.9% 0.0%
P10P90
Bottom quarter
Revenue concentration
Share of revenue from the largest source · lower is better
100.0% 100.0%
P10P90
Bottom quarter
Revenue growth
Year over year revenue growth
-68.1% -1.7%
P10P90
Expense growth
Year over year expense growth
23.0% 2.0%
P10P90
Surplus margin
Surplus as a share of revenue
-186.0% 13.3%
P10P90
Financial History
Year Revenue Expenses Net Assets Program % Staff
2023 $25K $71K $-7,612 93.4%
2022 $78K $58K $39K 89.8%
2021 $140K $63K N/A 1
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Organization Details
EIN
26-4261551
State
OH
City
CLEVELAND
ZIP
44114-2654
Classification
W24
Category
Public & Societal Benefit
Rating
2★
Coverage
A
Last Updated
Aug 2026
Form 990
On File
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