Quick charity verification for Promethean Genesis (EIN: 201844647)
Verdict: Promethean Genesis has notable concerns
35/100Mission Score
$187KRevenue
$9.0MAssets
4Red Flags
3Strengths
Red Flags
Consistent and significant operating deficits (expenses far exceed revenue annually).
Unsustainable financial model based on reported revenue and expenses.
Lack of detailed expense breakdown to assess program efficiency.
Declining asset base over time, potentially due to funding operational deficits.
Strengths
Zero reported officer compensation, indicating low executive overhead.
Relatively low liabilities reported in most years.
Substantial asset base, providing some financial cushion despite operating losses.
Spending Breakdown
How Promethean Genesis allocates its funds across programs, administration, and fundraising.
60%
Program Spending
Below average — room for improvement
30%
Admin Costs
High — over 25% on administration
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 Promethean Genesis
Is Promethean Genesis a legitimate charity?
Based on AI analysis of IRS 990 filings, Promethean Genesis (EIN: 201844647) has notable concerns. Mission Score: 35/100. 4 red flags identified, 3 strengths noted.
Is Promethean Genesis a good charity to donate to?
Promethean Genesis has a Mission Score of 35/100. Revenue: $187K. Assets: $9.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Promethean Genesis?
The Employer Identification Number (EIN) for Promethean Genesis is 201844647. 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 Promethean Genesis spend its money?
Promethean Genesis allocates 60% to programs, 30% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Promethean Genesis's tax-exempt status?
You can verify Promethean Genesis's tax-exempt status using EIN 201844647 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
Promethean Genesis exhibits a concerning financial trend, consistently spending significantly more than it generates in revenue. For instance, in 2023, the organization reported $26,210 in revenue against $435,230 in expenses, indicating a substantial operating deficit. This pattern is consistent across multiple years, with expenses often exceeding revenue by a factor of ten or more, raising questions about the sustainability of its operations and how these deficits are being covered, especially given the relatively stable asset base. While the organization reports zero officer compensation, which can be a positive sign for donor confidence, the large and persistent gap between revenue and expenses is a major red flag for financial health.
The organization's assets have remained substantial, around $8-9 million in recent years, despite the consistent operating losses. This suggests that the organization may be drawing down on its principal or relying on other non-revenue sources to cover its operational costs. Without a detailed breakdown of expenses, it's difficult to assess spending efficiency, but the sheer scale of the deficit relative to revenue is problematic. The lack of reported liabilities in most years is a positive, but it doesn't mitigate the underlying issue of unsustainable spending relative to income. Further transparency on the source of funds covering these deficits would be crucial for a complete financial assessment.
Given the available data, Promethean Genesis's financial health appears precarious due to its consistent and significant operating deficits. While the absence of officer compensation is a positive, the organization's ability to sustain its operations long-term without a substantial increase in revenue or a significant reduction in expenses is questionable. Donors would need more information to understand how the organization is funding its activities and whether its asset base is being eroded to cover operational shortfalls.