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Promise School

EIN 92-3343656 · Daniel Island, SC

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

LegitimacyPassesRegistration and standingFinancial healthWeak18 out of 100GovernanceWeak12 out of 100Impact evidenceDescribes programsHow well its results are evidenced

Points to look into

  • It owes more than it owns.

These come from the organization's own tax return. There may be a good explanation; ask the charity.

What it says it does

THE PROMISE SCHOOL (THE SCHOOL) IS A NONPROFIT SCHOOL THAT EDUCATES STUDENTS WITH LANGUAGE-BASED LEARNING DISABILITIES FROM KINDERGARTEN THROUGH 8TH GRADE.

Income
$180,599
Spending
$426,534
Spent on programs
100%
Reserves
-7.3 months of spending
Largest source of income
donations and private grants, 69%
Employees
0
Volunteers
0

Source: Form 990 for the year ending December 31, 2023, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Weak: 18 out of 100. Higher than 3% of charities in its peer group (education, under $250k).

  • Reserves

    0 of 35

    Spendable reserves are negative: it owes or has committed more than it holds.

  • Debt

    0 of 20

    It owes 1334% of what it owns.

  • Living within its means

    0 of 15

    Spending exceeded income by 136% of income.

  • Spending floor

    15 of 15

    100% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending December 31, 2023, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Weak: 12 out of 100. Higher than 0% of charities in its peer group (education, under $250k).

  • Independent board

    0 of 25

    2 of 2 voting board members are independent.

  • Conflict of interest policy

    0 of 15

    Reports no written conflict of interest policy.

  • Whistleblower policy

    0 of 8

    Reports no written whistleblower policy.

  • Record keeping policy

    0 of 7

    Reports no written policy on keeping and destroying records.

  • Board minutes

    0 of 5

    Reports that it does not keep minutes of board meetings.

  • Board sees the tax return

    0 of 10

    Did not give the board a copy of this return before filing it.

  • No reported misuse

    10 of 10

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

Source: Form 990 for the year ending December 31, 2023, 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 (1)
  1. $426,534 spent. THE PROMISE SCHOOL OPERATED ITS FIRST SCHOOL YEAR IN 2023. ELEVEN STUDENTS, FOUR IN 4TH GRADE AND SEVEN IN 3RD GRADE, ENROLLED. ALL STUDENTS COMPLETED THE ACADEMIC YEAR. THE STUDENTS RECEIVED HIGHLY SPECIALIZED EDUCATION FOR DYSLEXIA WITH THE ORTON-GILLINGHAM METHODOLOGY, IN ADDITION TO A MULTI-SENSORY LEARNING CURRICULUM FOR OTHER CORE SUBJECTS. TO SUPPORT ADDITIONAL STUDENT DEVELOPMENT, THE SCHOOL ENGAGED ART THERAPISTS, MUSIC THERAPISTS, AND SPECIALIZED INSTRUCTION FOR IMPULSE CONTROL AND SELF-REGULATION. THE PROMISE SCHOOL INVESTED IN ON-GOING PROFESSIONAL DEVELOPMENT FOR ITS STAFF TO ENSURE THEY HAD THE HIGHEST SKILL LEVEL TO EDUCATE DYSLEXIC LEARNERS. THE STAFF ALSO RECEIVED DARKNESS TO LIGHT TRAINING TO ENSURE THE PREVENTION OF CHILD SEXUAL ABUSE, OTHER FORMS OF ABUSE, AND MANDATED REPORTING THE SCHOOL CONDUCTED ITS BASELINE REQUIREMENTS FOR THE FIRST LEVEL OF ACCREDITATION WITH THE SOUTH CAROLINA INDEPENDENT SCHOOL ASSOCIATION

Source: Form 990 for the year ending December 31, 2023, 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 October 13, 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 November 6, 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 October 13, 2026.

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

    Most recent return on file covers the year ending December 2023.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

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

    Recognized by the IRS since January 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 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 November 4, 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.