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Filing year 2024

PROMISE CARES

Memphis, Tennessee·EIN 45-2771034·NTEE L22 · Housing & Shelter·501(c)(3)
Total revenue
$603k
Total assets
$210k
Total expenses
$639k
Reported officers
2
Mission

TO PROVIDE A SAFE HAVEN FOR SENIOR CITIZENS TO RECEIVE THE APPROPRIATE CARE.

Executive compensation

Form 990 · Part VII & Schedule J · 2 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at Housing & Shelter organizations in Tennessee.

Exec Director
Key Employee
Median to 75th percentilevs Housing & Shelter peers nationwide
$102k
$109k
President
Median to 75th percentile
$98k
$103k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Browse compensation in Housing & Shelter

Pay in context

Top pay as a share of expenses

In 2024, the highest total compensation at PROMISE CARES equaled 16% of the organization's total expenses. The median for housing & shelter organizations is 7%.

This organization (2024)
16%
Sector median
7%
Middle half of sector
3% to 16%

Based on 7,888 housing & shelter organizations, each measured at its most recent filing year with reported expenses and compensation.

Up 2%
from 2023

From $100k in 2023 to $102k in 2024.

$100k
2023
$102k
2024
In today's dollarsEst.
Down 1% in real terms$109k to $109k

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Key Employee pay rose 2% from 2023 to 2024, while revenue rose 19%.

$100k in 2023 to $102k in 2024.
  • Chief Executive Officer pay rose 3% from 2023 to 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about PROMISE CARES

What does the Key Employee of PROMISE CARES earn?

In 2024, the Key Employee of PROMISE CARES received $102,373 in total compensation. This pay is above the median (the midpoint) for Key Employee roles among Housing & Shelter organizations nationwide, within the top half of comparable filings. Based on IRS Form 990 data.

How does Key Employee pay at PROMISE CARES compare with similar nonprofits?

Compared with the same role at Housing & Shelter organizations nationwide, the 2024 pay of the Key Employee at PROMISE CARES falls between the median and the 75th percentile. In 2024, the highest total compensation at PROMISE CARES equaled 16% of the organization's total expenses. The median for housing & shelter organizations is 7%.

What are PROMISE CARES's revenue and expenses?

In 2024, PROMISE CARES reported $603k in total revenue and $639k in total expenses on its IRS Form 990.

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