Is Urbanpromise Ministries Wilmington…

Quick charity verification for Urbanpromise Ministries Wilmington (EIN: 208156160)

Strengths

Consistent and significant revenue growth over the past decade, from $1,572,939 in 2014 to $2,750,900 in 2023.
Strong asset accumulation, growing from $1,249,946 in 2014 to $3,730,471 in 2023.
Reported 0% officer compensation across all filings, indicating a high dedication of resources to the mission.
Generally low liabilities relative to assets, suggesting responsible financial management.
Positive net income in most years, contributing to asset growth.

Spending Breakdown

How Urbanpromise Ministries Wilmington allocates its funds across programs, administration, and fundraising.

80%

Program Spending

Healthy — majority goes to mission

15%

Admin Costs

Reasonable — admin costs in check

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 Urbanpromise Ministries Wilmington

Is Urbanpromise Ministries Wilmington a legitimate charity?

Based on AI analysis of IRS 990 filings, Urbanpromise Ministries Wilmington (EIN: 208156160) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.

Is Urbanpromise Ministries Wilmington a good charity to donate to?

Urbanpromise Ministries Wilmington has a Mission Score of 90/100. Revenue: $3.4M. Assets: $3.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Urbanpromise Ministries Wilmington?

The Employer Identification Number (EIN) for Urbanpromise Ministries Wilmington is 208156160. 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 Urbanpromise Ministries Wilmington spend its money?

Urbanpromise Ministries Wilmington allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Urbanpromise Ministries Wilmington's tax-exempt status?

You can verify Urbanpromise Ministries Wilmington's tax-exempt status using EIN 208156160 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

Urbanpromise Ministries Wilmington demonstrates a generally healthy financial position with consistent revenue growth over the past decade, increasing from $1,572,939 in 2014 to $2,750,900 in 2023. The organization has also shown a strong ability to build its asset base, which grew from $1,249,946 to $3,730,471 over the same period, indicating sound financial management and capacity building. While expenses have also increased, they have generally remained below revenue, contributing to asset growth, though the 2023 filing shows expenses slightly exceeding revenue ($2,920,053 vs. $2,750,900). This recent trend warrants monitoring to ensure long-term sustainability.

Regarding spending efficiency, without a detailed breakdown of program, administrative, and fundraising expenses, a precise assessment is challenging. However, the consistent growth in assets suggests that a significant portion of funds is being effectively managed and reinvested. The organization's transparency is commendable given the availability of its IRS 990 filings, which consistently report 0% officer compensation, indicating a commitment to directing resources towards its mission rather than high executive salaries. The low liabilities across most years also point to responsible financial practices.

Overall, Urbanpromise Ministries Wilmington appears to be a financially stable organization with a positive growth trajectory and a commitment to transparency, particularly concerning executive compensation. The recent slight deficit in 2023 should be observed, but it does not overshadow the overall pattern of responsible financial stewardship and asset accumulation.

Is Urbanpromise Ministries Wilmington Legit?

Verdict: Urbanpromise Ministries Wilmington appears trustworthy

Red Flags