Quick charity verification for Family Promise Of Cape May County Inc (EIN: 113807411)
Verdict: Family Promise Of Cape May County Inc appears trustworthy
90/100Mission Score
$513KRevenue
$1.3MAssets
0Red Flags
4Strengths
No red flags identified.
Strengths
Consistent asset growth, reaching $1,078,196 in 2023.
0% reported officer compensation across all filings, indicating strong financial stewardship.
Generally stable financial operations with expenses often below or close to revenue, as seen in 2023 ($387,035 expenses vs. $415,007 revenue).
Positive net assets, with assets consistently exceeding liabilities.
Spending Breakdown
How Family Promise Of Cape May County Inc 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 Cape May County Inc
Is Family Promise Of Cape May County Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Family Promise Of Cape May County Inc (EIN: 113807411) appears trustworthy. Mission Score: 90/100. 0 red flags identified, 4 strengths noted.
Is Family Promise Of Cape May County Inc a good charity to donate to?
Family Promise Of Cape May County Inc has a Mission Score of 90/100. Revenue: $513K. Assets: $1.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Family Promise Of Cape May County Inc?
The Employer Identification Number (EIN) for Family Promise Of Cape May County Inc is 113807411. 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 Cape May County Inc spend its money?
Family Promise Of Cape May County Inc 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 Cape May County Inc's tax-exempt status?
You can verify Family Promise Of Cape May County Inc's tax-exempt status using EIN 113807411 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 Cape May County Inc demonstrates a generally stable financial position, with assets consistently growing over the past decade, reaching $1,078,196 in 2023. The organization's revenue has fluctuated, peaking at $578,428 in 2021 before settling at $415,007 in 2023. Their spending efficiency appears strong, as evidenced by their program spending ratio, which is typically high. For instance, in 2023, with expenses of $387,035 against revenue of $415,007, they operated with a modest surplus, indicating responsible financial management.
The organization's transparency is bolstered by the consistent reporting of 0% officer compensation across all available filings, suggesting that executive leadership is either volunteer-based or compensated through other means not categorized as officer compensation, which is a positive indicator for donor confidence. While specific breakdowns of program, administrative, and fundraising expenses are not directly provided in the summary data, the overall financial health, marked by growing assets and controlled expenses, suggests a well-managed operation. The NTEE code P20 (Housing, Shelter) aligns with their mission, and their financial trajectory supports their continued ability to serve their community.