Public Charity

PROMISE ACADEMY INC

PROMISE ACADEMY INC is a Public Charity headquartered in MEMPHIS, TN. Financial data from the 2025 filing: $5.2M revenue, $5.4M expenses, $3.7M total assets. 33 publicly reported grants to this organization, totaling roughly $6.3M, appear in IRS filings.

EIN: 201608155 MEMPHIS, TN Latest filing: 2025
Total Revenue$5.2M
Total Expenses$5.4M
Total Assets$3.7M
Grant Records33
Funding Total$6.3M
Filing Years2021–2025

Mission

OUR CENTRAL AND ONLY WORK IS TO TEACH AND INSPIRE THE MIND, BODY AND SPIRIT OF OUR CHILDREN SO THAT THEY CAN SUCCEED IN ANY ACADEMIC OR CULTURAL SETTING. PROMISE ACADEMY IS COMMITTED TO PREPARING CHILDREN TO EXCEL IN THE NATION'S MOST REGOROUS SCHOOLS.

Officers & Directors

BOARD MEMBER Anthony Branch
BOARD MEMBER Candis Dawson
FINANCIAL MANAGER Carmen Fondren
PRESIDENT & CHAIRMAN Charles Gerber
BOARD MEMBER Colenzo Hubbard
BOARD MEMBER Diana Burton

Officer compensation and complete director data available with membership.

Top Grant Purposes

GENERAL OPERATIONAL SUPPORT
$5,473,366 30 grants
TO SUPPORT SUMMER BOOST
$759,000 2 grants
SCIENCE & HEALTH ED
$86,000 1 grant

Financial Trends

Year Revenue Expenses Assets
2025 $5.2M $5.4M $3.7M
2024 $5.3M $5.6M $4.2M
2023 $5.3M $5.7M $4.5M
2022 $6.4M $5.7M $7.4M
2021 $5.1M $4.5M $3.5M

Between 2021 and 2025, reported annual revenue held roughly steady at around $5.2M, with total assets most recently reported at $3.7M.

Interactive year-over-year charts and full filing details available with membership.

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