Quick charity verification for Global Promise Foundation (EIN: 201584233)
Verdict: Global Promise Foundation shows mixed signals
45/100Mission Score
$119KRevenue
$715KAssets
3Red Flags
2Strengths
Red Flags
Consistent deficit spending (expenses exceeding revenue) in most recent years, e.g., $77,025 expenses vs. $36,085 revenue in 2023.
Declining asset base over time, from $910,630 in 2011 to $714,695 currently.
Long-term financial sustainability is questionable due to persistent operational losses.
Strengths
Zero officer compensation reported across all filings, indicating resources are not used for executive salaries.
Very low reported liabilities in most periods, suggesting good debt management.
Spending Breakdown
How Global Promise Foundation allocates its funds across programs, administration, and fundraising.
70%
Program Spending
Below average — room for improvement
20%
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 Global Promise Foundation
Is Global Promise Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Global Promise Foundation (EIN: 201584233) shows mixed signals. Mission Score: 45/100. 3 red flags identified, 2 strengths noted.
Is Global Promise Foundation a good charity to donate to?
Global Promise Foundation has a Mission Score of 45/100. Revenue: $119K. Assets: $715K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Global Promise Foundation?
The Employer Identification Number (EIN) for Global Promise Foundation is 201584233. 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 Global Promise Foundation spend its money?
Global Promise Foundation allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Global Promise Foundation's tax-exempt status?
You can verify Global Promise Foundation's tax-exempt status using EIN 201584233 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
Global Promise Foundation exhibits concerning financial trends, with expenses consistently exceeding revenue in recent years. For example, in 2023, expenses were $77,025 against revenue of $36,085, and similar deficits are observed in prior periods. This pattern of deficit spending has led to a gradual decline in assets, from $910,630 in 2011 to $714,695 currently. While the organization reports zero officer compensation, which can be a positive indicator of resource allocation, the overall financial health is precarious due to sustained operational losses. The organization's ability to sustain its mission long-term with this financial model is questionable.
The spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, which are not provided in the summary data. However, the consistent net losses suggest that current spending levels are not sustainable given the revenue generated. The lack of liabilities reported across most years is a positive sign regarding debt management, but it doesn't offset the underlying issue of insufficient income to cover expenditures. Transparency regarding specific program outcomes and detailed expense categories would be beneficial for a more thorough evaluation.
Overall, Global Promise Foundation appears to be struggling financially, operating at a deficit for many years. While the absence of executive compensation is notable, the organization's long-term viability is at risk without a significant increase in revenue or a reduction in expenses. The declining asset base further underscores the need for a strategic financial overhaul.