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City of Promise Inc

EIN 83-1439722 · Charlottesvle, VA

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthStrong93 out of 100GovernanceStrong100 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

OUR MISSION IS TO END GENERATIONAL POVERTY, AND TO FOSTER A CULTURE OF ACHIEVEMENT IN WHICH ALL CHILDREN IN OUR COMMUNITY GRADUATE FROM HIGH SCHOOL, READY FOR COLLEGE OR CAREER.

Income
$1.0 million
Spending
$810,651
Spent on programs
75%
Reserves
9 months of spending
Largest source of income
donations and private grants, 92%
Employees
10
Volunteers
50

Source: Form 990 for the year ending June 30, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Strong: 93 out of 100. Higher than 80% of charities in its peer group (human services, $1m to $10m).

  • Reserves

    28 of 35

    Spendable reserves would cover 9.0 months of spending.

  • Debt

    20 of 20

    It owes 8% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 21% of income.

  • Income trend

    15 of 15

    Income rose 28% on the year before.

  • Spending floor

    15 of 15

    75% of spending went to programs and raising each dollar of donations cost 7 cents.

Source: Form 990 for the year ending June 30, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Strong: 100 out of 100. Higher than 65% of charities in its peer group (human services, $1m to $10m).

  • Independent board

    25 of 25

    14 of 14 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending June 30, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (5)
  1. $249,399 spent. PATHWAY COACHING: STUDENTS IN GRADES 5-12 ARE ASSIGNED A COACH TO SUPPORT THEIR ACADEMIC SUCCESS. COACHES COLLABORATE WITH TEACHERS TO ADDRESS ACADEMIC AND BEHAVIORAL NEEDS. COACHES ENSURE THAT STUDENTS ARE CONNECTED TO AFTER-SCHOOL ACTIVITIES, SUMMER PROGRAMS, AND EMPLOYMENT OPPORTUNITIES. COACHES PLAN AND CHAPERONE FIELD TRIPS, GIVE KIDS A RIDE WHEN NEEDED, AND SUPPORT PARENTS IN NAVIGATING PAPERWORK AND SYSTEMS THAT WILL LIFT UP THE WHOLE FAMILY.
  2. $164,988 spent. GENERAL PROGRAM: ACTIVITIES INCLUDED RESEARCH, DEVELOPMENT OF STANDARDS OF PERFORMANCE, AND THE DEVELOPMENT OF METRICS TO MEASURE THE SUCCESS OF OUTCOMES. FOOD AND TRANSPORTATION SERVICES WERE INCLUDED IN GENERAL PROGRAM ACTIVITY.
  3. $99,764 spent. ADULT EMPOWERMENT: RESEARCH SHOWS THAT CHILDREN'S SUCCESS IN SCHOOL IS LINKED TO THEIR PARENTS' LEVEL OF EDUCATIONAL ATTAINMENT. OUR FAMILY EMPOWERMENT PROGRAMS OFFER A DUAL-GENERATION STRATEGY FOR ACADEMIC ACHIEVEMENT. ANCHORED IN FAMILY LITERACY, WORKSHOPS AND ACTIVITIES ENABLE PARENTS TO REACH IMPORTANT SELF-SUFFICIENCY GOALS AS THEY LEARN AND GROW TOGETHER WITH THEIR CHILDREN.
  4. $90,194 spent. GATEWAY SERVICES, STORY BOOK PROJECT, AND OTHER.
  5. GATEWAY SERVICES, STORY BOOK PROJECT, AND OTHER.

Source: Form 990 for the year ending June 30, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending June 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since May 2019.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.