Elizabeths Promise Awards Inc
EIN: 270149082 · Elizabeth, NJ · NTEE: B82
| Metric | Value |
|---|---|
| Total Revenue | $372K |
| Total Expenses | $129K |
| Net Assets | $16K |
Is Elizabeths Promise Awards Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Elizabeths Promise Awards Inc
Elizabeths Promise Awards Inc (EIN: 270149082) is a nonprofit organization based in Elizabeth, NJ, classified under NTEE code B82. The organization reported total revenue of $372K and total assets of $23K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Elizabeths Promise Awards Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Elizabeths Promise Awards Inc is a small nonprofit that has been operating for 16 years, with 9 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 19.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $127K |
| Total Expenses | $129K |
| Surplus / Deficit | $-1,789 |
| Total Assets | $16K |
| Net Assets | $16K |
| Operating Margin | -1.4% |
| Months of Reserves | 1.5 months |
Financial Health Grade: C
In 2023, Elizabeths Promise Awards Inc reported a deficit of $2K with expenses exceeding revenue, holds 1.5 months of operating reserves (limited).
Financial Trends
Over 9 years of filings (2011–2023), Elizabeths Promise Awards Inc's revenue has grown at a compound annual growth rate (CAGR) of 19.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +15.8% | +29.7% | -10.0% |
| 2022 | +71.2% | +25.9% | +137.8% |
| 2021 | -22.4% | -4.5% | -66.3% |
| 2020 | -36.7% | -39.8% | +4.6% |
| 2019 | +56.8% | +81.7% | -23.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2010 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Elizabeths Promise Awards Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Elizabeths Promise Awards Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $2K, with expenses exceeding revenue.
Frequently Asked Questions about Elizabeths Promise Awards Inc
Is Elizabeths Promise Awards Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Elizabeths Promise Awards Inc (EIN: 270149082) insufficient data. 0 red flags identified, 0 strengths noted.
How does Elizabeths Promise Awards Inc spend its money?
Detailed spending breakdown data is not yet available for Elizabeths Promise Awards Inc. Check back for updated IRS 990 analysis.
Are donations to Elizabeths Promise Awards Inc tax-deductible?
Elizabeths Promise Awards Inc is registered as a tax-exempt nonprofit (EIN: 270149082). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Elizabeths Promise Awards Inc located?
Elizabeths Promise Awards Inc is headquartered in Elizabeth, New Jersey and files with the IRS under EIN 270149082. It is classified under NTEE code B82.
How many years of IRS 990 filings does Elizabeths Promise Awards Inc have?
Elizabeths Promise Awards Inc has 9 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 $372K in total revenue.
Filing History
IRS 990 filing history for Elizabeths Promise Awards Inc showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2011–2023), Elizabeths Promise Awards Inc's revenue has grown by 765.1%, moving from $15K to $127K. Total assets increased by 2106.5% over the same period, from $733 to $16K. Total functional expenses rose by 823.2%, from $14K to $129K. In its most recent filing year (2023), Elizabeths Promise Awards Inc reported a deficit of $2K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $127K | $129K | $16K | $0 | — | View 990 |
| 2022 | $110K | $100K | $18K | $0 | — | View 990 |
| 2021 | $64K | $79K | $8K | $0 | — | View 990 |
| 2020 | $83K | $83K | $22K | $0 | — | View 990 |
| 2019 | $131K | $137K | $21K | $0 | — | View 990 |
| 2018 | $83K | $76K | $28K | $0 | — | View 990 |
| 2017 | $87K | $83K | $20K | $0 | — | View 990 |
| 2012 | $16K | $15K | $669 | $0 | — | View 990 |
| 2011 | $15K | $14K | $733 | $0 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $127K, expenses of $129K, and assets of $16K (revenue +15.8% year-over-year).
- 2022: Revenue of $110K, expenses of $100K, and assets of $18K (revenue +71.2% year-over-year).
- 2021: Revenue of $64K, expenses of $79K, and assets of $8K (revenue -22.4% year-over-year).
- 2020: Revenue of $83K, expenses of $83K, and assets of $22K (revenue -36.7% year-over-year).
- 2019: Revenue of $131K, expenses of $137K, and assets of $21K (revenue +56.8% year-over-year).
- 2018: Revenue of $83K, expenses of $76K, and assets of $28K (revenue -4.2% year-over-year).
- 2017: Revenue of $87K, expenses of $83K, and assets of $20K (revenue +449.7% year-over-year).
- 2012: Revenue of $16K, expenses of $15K, and assets of $669 (revenue +7.6% year-over-year).
- 2011: Revenue of $15K, expenses of $14K, and assets of $733.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Elizabeths Promise Awards Inc:
Data Sources and Methodology
This transparency report for Elizabeths Promise Awards 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.