Is Family Promise Of Bell County Inc Legit?

Family Promise Of Bell County Inc demonstrates a generally healthy financial position, with recent filings showing consistent revenue exceeding expenses. For instance, in 202309, revenue was $511,286 against expenses of $507,074, indicating a slight surplus. The organization has also shown significant asset growth, from $130,702 in 202009 to $2,077,917 in 202309, largely driven by a substantial revenue spike in 202109 ($2,071,899). This growth suggests effective fundraising and asset management. The consistent reporting of 0% officer compensation across all available filings indicates a strong commitment to directing funds towards its mission rather than executive salaries, enhancing its transparency and public trust. The organization's spending efficiency appears strong, particularly given the absence of officer compensation. While a detailed breakdown of program, administrative, and fundraising expenses isn't provided in the summary data, the overall trend of expenses being well-managed relative to revenue is positive. The significant increase in assets, especially the jump in 202109, suggests a period of substantial capital accumulation, which could be used to expand programs or build reserves. The relatively low liabilities compared to assets also points to a stable financial foundation. Family Promise Of Bell County Inc's financial transparency is commendable, particularly with the clear disclosure of zero officer compensation. This practice, combined with consistent annual filings, provides a good basis for stakeholders to understand its financial operations. The organization's ability to manage significant fluctuations in revenue, such as the large increase in 202109 and subsequent normalization, while maintaining a positive net position, speaks to sound financial governance.