Quick charity verification for Family Promise Metrowest Inc (EIN: 205963640)
Verdict: Family Promise Metrowest Inc appears trustworthy
92/100Mission Score
$1.6MRevenue
$2.8MAssets
1Red Flags
5Strengths
Red Flags
Expenses slightly exceeded revenue in the most recent filing (202312), though this was a minor deficit.
Strengths
Consistent reporting of 0% officer compensation across all filings.
Strong and growing asset base, reaching $2,857,295 in 2023.
Low liabilities relative to assets ($46,457 liabilities vs. $2,857,295 assets in 2023).
Long history of IRS 990 filings (13 filings), indicating transparency.
Significant revenue growth over the past decade, from $346,432 in 2014 to over $1.3 million in 2023.
Spending Breakdown
How Family Promise Metrowest Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
7%
Admin Costs
Reasonable — admin costs in check
3%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Family Promise Metrowest Inc
Is Family Promise Metrowest Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Family Promise Metrowest Inc (EIN: 205963640) appears trustworthy. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
Is Family Promise Metrowest Inc a good charity to donate to?
Family Promise Metrowest Inc has a Mission Score of 92/100. Revenue: $1.6M. Assets: $2.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Family Promise Metrowest Inc?
The Employer Identification Number (EIN) for Family Promise Metrowest Inc is 205963640. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Family Promise Metrowest Inc spend its money?
Family Promise Metrowest Inc allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Family Promise Metrowest Inc's tax-exempt status?
You can verify Family Promise Metrowest Inc's tax-exempt status using EIN 205963640 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Family Promise Metrowest Inc demonstrates a generally stable financial position with consistent revenue streams over the past several years. In the most recent filing (202312), the organization reported revenues of $1,336,603 against expenses of $1,342,039, indicating that expenses slightly exceeded revenue for that period. However, this is a minor deficit and the organization maintains healthy assets of $2,857,295, significantly exceeding its liabilities of $46,457, suggesting strong financial solvency. The organization's assets have shown consistent growth, nearly doubling from $1,855,149 in 2019 to $2,857,295 in 2023.
Spending efficiency appears to be a strength, as the organization consistently reports 0% officer compensation, indicating that executive leadership is either volunteer-based or compensated through other means not categorized as 'officer compensation' on the 990, which is a positive sign for donor confidence. While specific program, administrative, and fundraising expense breakdowns are not provided in the summary data, the absence of officer compensation suggests a lean operational structure. The organization's NTEE code L41 (Homeless Services) aligns with its mission, and the consistent revenue and asset growth suggest effective fundraising and financial management.
Transparency is high given the consistent filing of IRS Form 990s over 13 periods, providing a clear historical financial record. The consistent growth in assets and relatively low liabilities, coupled with no reported officer compensation, paints a picture of a well-managed and mission-focused organization. Donors can generally be confident in the organization's financial stewardship and commitment to its mission.