Quick charity verification for Family Promise Of Beaufort County (EIN: 205647589)
Verdict: Family Promise Of Beaufort County appears trustworthy
90/100Mission Score
$617KRevenue
$1.6MAssets
1Red Flags
4Strengths
Red Flags
Operating deficit in the most recent filing period (202312), with expenses ($624,328) exceeding revenue ($549,032).
Strengths
Consistent 0% officer compensation across all filings, indicating high efficiency and transparency.
Significant asset growth from $499,213 in 2014 to $1,182,165 in 2023, demonstrating strong financial management.
Relatively low and stable liabilities, indicating sound financial health and minimal debt reliance.
Consistent revenue generation over the past decade, supporting ongoing operations.
Spending Breakdown
How Family Promise Of Beaufort County allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
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 Of Beaufort County
Is Family Promise Of Beaufort County a legitimate charity?
Based on AI analysis of IRS 990 filings, Family Promise Of Beaufort County (EIN: 205647589) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
Is Family Promise Of Beaufort County a good charity to donate to?
Family Promise Of Beaufort County has a Mission Score of 90/100. Revenue: $617K. Assets: $1.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Family Promise Of Beaufort County?
The Employer Identification Number (EIN) for Family Promise Of Beaufort County is 205647589. 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 Of Beaufort County spend its money?
Family Promise Of Beaufort County allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Family Promise Of Beaufort County's tax-exempt status?
You can verify Family Promise Of Beaufort County's tax-exempt status using EIN 205647589 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 Of Beaufort County demonstrates a generally healthy financial position with consistent revenue streams and growing assets over the past decade. While the organization experienced a deficit in the most recent filing period (202312) with expenses exceeding revenue by $75,296, this appears to be an anomaly given previous years' surpluses. The organization's assets have shown significant growth, increasing from $499,213 in 2014 to $1,182,165 in 2023, indicating good financial stewardship and capacity building. The consistent reporting of 0% officer compensation across all filings suggests a strong commitment to directing funds towards its mission rather than executive salaries, which is a positive indicator of spending efficiency and transparency.
The organization's liabilities have remained relatively low, indicating sound financial management and minimal reliance on debt. The NTEE code P20 (Housing, Shelter) aligns with the 'Family Promise' mission, suggesting a clear program focus. Overall, despite the recent deficit, the long-term financial trends and the absence of executive compensation paint a picture of a well-managed and mission-focused nonprofit.