Is Family Promise Of Gaston County Legit? —…

Quick charity verification for Family Promise Of Gaston County (EIN: 20580265)

Spending Breakdown

How Family Promise Of Gaston County allocates its funds across programs, administration, and fundraising.

75%

Program Spending

Healthy — majority goes to mission

15%

Admin Costs

Reasonable — admin costs in check

10%

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 Gaston County

Is Family Promise Of Gaston County a legitimate charity?

Based on AI analysis of IRS 990 filings, Family Promise Of Gaston County (EIN: 20580265) shows mixed signals. Mission Score: 55/100. 4 red flags identified, 2 strengths noted.

Is Family Promise Of Gaston County a good charity to donate to?

Family Promise Of Gaston County has a Mission Score of 55/100. Revenue: $233K. Assets: $32K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Family Promise Of Gaston County?

The Employer Identification Number (EIN) for Family Promise Of Gaston County is 20580265. 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 Gaston County spend its money?

Family Promise Of Gaston County allocates 75% to programs, 15% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Family Promise Of Gaston County's tax-exempt status?

You can verify Family Promise Of Gaston County's tax-exempt status using EIN 20580265 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 Gaston County appears to be facing financial challenges, as indicated by its recent filings. In the 202106 period, the organization reported expenses of $257,045 against revenue of $233,069, resulting in a deficit. This trend of expenses exceeding revenue has been consistent in recent years, with deficits also observed in 202006 ($193,367 expenses vs. $104,287 revenue) and 201906 ($246,508 expenses vs. $229,709 revenue). The organization's assets have also significantly declined from a high of $272,659 in 201506 to $32,416 in 202106, while liabilities have increased to $74,068 in the latest period, exceeding its current assets. This suggests a precarious financial position.

Regarding spending efficiency, without a detailed breakdown of program, administrative, and fundraising expenses from the provided data, it's difficult to fully assess. However, the consistent operational deficits raise concerns about long-term sustainability. The organization has consistently reported 0% officer compensation across all filings, which is a positive indicator of minimizing overhead in that specific area. Transparency is generally good given the availability of 11 years of 990 filings, allowing for historical analysis of financial trends.

Overall, while the lack of officer compensation is commendable, the sustained operational deficits and declining asset base, coupled with increasing liabilities, point to significant financial strain that could impact the organization's ability to deliver on its mission in the long run. Donors should seek more detailed information on how the organization plans to address these financial imbalances.

Is Family Promise Of Gaston County Legit?

Verdict: Family Promise Of Gaston County shows mixed signals

Red Flags

Strengths