Quick charity verification for Family Promise Of Bell County Inc (EIN: 113703229)
Verdict: Family Promise Of Bell County Inc appears trustworthy
92/100Mission Score
$1.7MRevenue
$3.1MAssets
1Red Flags
5Strengths
Red Flags
Lack of detailed spending breakdown (program vs. admin vs. fundraising) in provided summary data, making precise efficiency analysis challenging.
Strengths
Consistent reporting of 0% officer compensation, indicating high efficiency and dedication to mission.
Significant asset growth from $130,702 in 202009 to $2,077,917 in 202309, demonstrating strong financial management.
Revenues consistently exceeding expenses in recent years (e.g., $511,286 revenue vs. $507,074 expenses in 202309), indicating financial stability.
Low liabilities relative to assets, suggesting a healthy balance sheet and minimal financial risk.
Substantial increase in revenue and assets over the past few years, showing strong organizational development and fundraising capacity.
Spending Breakdown
How Family Promise Of Bell County 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 Of Bell County Inc
Is Family Promise Of Bell County Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Family Promise Of Bell County Inc (EIN: 113703229) appears trustworthy. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
Is Family Promise Of Bell County Inc a good charity to donate to?
Family Promise Of Bell County Inc has a Mission Score of 92/100. Revenue: $1.7M. Assets: $3.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Family Promise Of Bell County Inc?
The Employer Identification Number (EIN) for Family Promise Of Bell County Inc is 113703229. 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 Bell County Inc spend its money?
Family Promise Of Bell County 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 Of Bell County Inc's tax-exempt status?
You can verify Family Promise Of Bell County Inc's tax-exempt status using EIN 113703229 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 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.