Quick charity verification for Promise Center Incorporated (EIN: 208754112)
Verdict: Promise Center Incorporated appears trustworthy
92/100Mission Score
$440KRevenue
$99KAssets
1Red Flags
5Strengths
Red Flags
Lack of detailed program vs. administrative spending breakdown in provided data (though zero officer comp is a positive counterpoint)
Strengths
Consistent and significant revenue growth over a decade (from $91,250 in 2013 to $656,953 in 2022)
Zero reported officer compensation across all 12 filings, indicating high efficiency and dedication to mission
Healthy asset growth and low liabilities, demonstrating strong financial management and stability
Consistent filing of IRS 990s, indicating good transparency practices
Positive operational surpluses in recent years (e.g., $25,723 surplus in 2022)
Spending Breakdown
How Promise Center Incorporated 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 Promise Center Incorporated
Is Promise Center Incorporated a legitimate charity?
Based on AI analysis of IRS 990 filings, Promise Center Incorporated (EIN: 208754112) appears trustworthy. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
Is Promise Center Incorporated a good charity to donate to?
Promise Center Incorporated has a Mission Score of 92/100. Revenue: $440K. Assets: $99K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Promise Center Incorporated?
The Employer Identification Number (EIN) for Promise Center Incorporated is 208754112. 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 Promise Center Incorporated spend its money?
Promise Center Incorporated allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Promise Center Incorporated's tax-exempt status?
You can verify Promise Center Incorporated's tax-exempt status using EIN 208754112 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
Promise Center Incorporated demonstrates a pattern of consistent growth in revenue and assets over the past decade, indicating increasing capacity and reach. In the latest filing (202206), the organization reported revenues of $656,953 against expenses of $631,230, resulting in a surplus that contributed to asset growth to $157,360. This financial management suggests a healthy operational surplus. The organization's NTEE code T30 (Youth Development Programs) aligns with its mission, and the absence of reported officer compensation across all filings is a significant indicator of strong financial stewardship and a focus on program delivery rather than executive enrichment. While specific program spending ratios are not detailed in the provided data, the lack of officer compensation suggests a high proportion of funds are likely directed towards its mission.
The organization's financial health appears robust, with a positive trend in net assets and a consistent ability to manage expenses within or close to revenue. The growth from $91,250 in revenue in 2013 to $656,953 in 2022 represents substantial expansion. The low liabilities reported across most years, including only $38 in 2022, further strengthens its financial stability. The consistent filing of IRS 990s over 12 periods indicates good transparency practices, allowing for public scrutiny of its financial operations.
Overall, Promise Center Incorporated appears to be a financially sound and growing organization. Its consistent revenue growth, asset accumulation, minimal liabilities, and zero reported officer compensation are strong indicators of effective financial management and a commitment to its programmatic mission. Further analysis would benefit from a detailed breakdown of program, administrative, and fundraising expenses, but the available data paints a positive picture.