El Dorado Promise Inc
El Dorado Promise Inc. faces significant revenue decline, operating at a deficit by drawing down substantial assets.
EIN: 208303418 · Houston, TX · NTEE: B82 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $945K |
| Total Expenses | $3.7M |
| Program Spending | 85% |
| Net Assets | $30.6M |
| Transparency Score | 70/100 |
Is El Dorado Promise Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
El Dorado Promise Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About El Dorado Promise Inc
El Dorado Promise Inc (EIN: 208303418) is a nonprofit organization based in Houston, TX, classified under NTEE code B82. The organization reported total revenue of $945K and total assets of $28.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of El Dorado Promise Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
El Dorado Promise Inc is a small nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -12.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.1M |
| Total Expenses | $3.7M |
| Surplus / Deficit | $-2,671,847 |
| Total Assets | $30.6M |
| Total Liabilities | $1 |
| Net Assets | $30.6M |
| Operating Margin | -251.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 98.2 months |
Financial Health Grade: B
In 2023, El Dorado Promise Inc reported a deficit of $2.7M with expenses exceeding revenue, holds 98.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), El Dorado Promise Inc's revenue has declined at a compound annual growth rate (CAGR) of -12.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -8.8% | -17.0% | -3.7% |
| 2022 | -53.5% | +24.4% | -6.3% |
| 2021 | +52.5% | -5.0% | +2.7% |
| 2020 | -55.6% | -0.9% | -6.0% |
| 2019 | -42.1% | +8.9% | +4.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates El Dorado Promise Inc with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, El Dorado Promise Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $2.7M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers are compensated, which is a strong positive for donor trust and resource allocation to the mission.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of El Dorado Promise Inc's IRS 990 filings:
- Consistent operating deficits (expenses exceeding revenue) in recent years, e.g., $3,735,203 expenses vs. $1,063,356 revenue in 2023.
- Significant and sustained decline in revenue over the past decade, from $6,632,756 in 2013 to $1,063,356 in 2023.
- Reliance on drawing down assets to cover operational costs, which is not a sustainable long-term financial strategy.
Strengths
The following positive indicators were identified for El Dorado Promise Inc:
- Zero reported officer compensation, indicating high transparency and dedication of resources to the mission.
- Substantial asset base (over $30 million in recent years) provides a significant financial buffer.
- Consistent history of filing IRS 990s, demonstrating transparency in financial reporting.
Frequently Asked Questions about El Dorado Promise Inc
Is El Dorado Promise Inc a legitimate charity?
El Dorado Promise Inc (EIN: 208303418) is a registered tax-exempt nonprofit based in Texas. Our AI analysis gives it a Mission Score of 70/100. It has 10 years of IRS 990 filings on record. Total revenue: $945K. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does El Dorado Promise Inc spend its money?
El Dorado Promise Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to El Dorado Promise Inc tax-deductible?
El Dorado Promise Inc is registered as a tax-exempt nonprofit (EIN: 208303418). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of El Dorado Promise Inc's spending goes to programs?
El Dorado Promise Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does El Dorado Promise Inc compare to similar nonprofits?
With a transparency score of 70/100 (Good), El Dorado Promise Inc is above average for NTEE category B82 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is El Dorado Promise Inc located?
El Dorado Promise Inc is headquartered in Houston, Texas and files with the IRS under EIN 208303418. It is classified under NTEE code B82.
How many years of IRS 990 filings does El Dorado Promise Inc have?
El Dorado Promise Inc has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $945K in total revenue.
Is El Dorado Promise Inc. a good charity?
El Dorado Promise Inc. appears to be a good charity in terms of its commitment to its mission and lack of officer compensation. However, its financial sustainability is a concern due to consistent operating deficits and declining revenue, which could impact its long-term ability to deliver programs.
How does El Dorado Promise Inc. fund its operations given declining revenue?
The organization has been funding its operations by drawing down its significant asset base. For example, in 2023, expenses of $3,735,203 far exceeded revenue of $1,063,356, indicating a reliance on existing assets to cover the shortfall.
What is the trend in El Dorado Promise Inc.'s assets?
El Dorado Promise Inc.'s assets have generally increased from $19,600,796 in 2011 to a peak of $35,117,185 in 2019, but have shown a recent decline to $30,561,768 in 2023, likely due to funding operational deficits.
Filing History
IRS 990 filing history for El Dorado Promise Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), El Dorado Promise Inc's revenue has declined by 80.4%, moving from $5.4M to $1.1M. Total assets increased by 55.9% over the same period, from $19.6M to $30.6M. Total functional expenses rose by 39.8%, from $2.7M to $3.7M. In its most recent filing year (2023), El Dorado Promise Inc reported a deficit of $2.7M, with expenses exceeding revenue. The organization holds $1 in liabilities against $30.6M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $30.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.1M | $3.7M | $30.6M | $1 | — | View 990 |
| 2022 | $1.2M | $4.5M | $31.7M | $1 | — | View 990 |
| 2021 | $2.5M | $3.6M | $33.9M | $1 | — | — |
| 2020 | $1.6M | $3.8M | $33.0M | $1 | — | — |
| 2019 | $3.7M | $3.8M | $35.1M | $0 | — | View 990 |
| 2015 | $6.4M | $3.5M | $33.5M | $0 | — | View 990 |
| 2014 | $6.5M | $3.4M | $29.7M | $0 | — | View 990 |
| 2013 | $6.6M | $3.3M | $26.7M | $0 | — | View 990 |
| 2012 | $5.6M | $3.1M | $21.7M | $0 | — | View 990 |
| 2011 | $5.4M | $2.7M | $19.6M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.1M, expenses of $3.7M, and assets of $30.6M (revenue -8.8% year-over-year).
- 2022: Revenue of $1.2M, expenses of $4.5M, and assets of $31.7M (revenue -53.5% year-over-year).
- 2021: Revenue of $2.5M, expenses of $3.6M, and assets of $33.9M (revenue +52.5% year-over-year).
- 2020: Revenue of $1.6M, expenses of $3.8M, and assets of $33.0M (revenue -55.6% year-over-year).
- 2019: Revenue of $3.7M, expenses of $3.8M, and assets of $35.1M (revenue -42.1% year-over-year).
- 2015: Revenue of $6.4M, expenses of $3.5M, and assets of $33.5M (revenue -2.2% year-over-year).
- 2014: Revenue of $6.5M, expenses of $3.4M, and assets of $29.7M (revenue -1.4% year-over-year).
- 2013: Revenue of $6.6M, expenses of $3.3M, and assets of $26.7M (revenue +18.6% year-over-year).
- 2012: Revenue of $5.6M, expenses of $3.1M, and assets of $21.7M (revenue +3.0% year-over-year).
- 2011: Revenue of $5.4M, expenses of $2.7M, and assets of $19.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for El Dorado Promise Inc:
Data Sources and Methodology
This transparency report for El Dorado Promise Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.