Family Promise Metrowest Inc

Family Promise Metrowest Inc maintains strong assets and no reported officer compensation, despite minor recent operating deficit.

EIN: 205963640 · Natick, MA · NTEE: L41 · Updated: 2026-03-28

$1.6MRevenue

$2.8MAssets

92/100Mission Score (Excellent)

L41

About Family Promise Metrowest Inc

Family Promise Metrowest Inc (EIN: 205963640) is a nonprofit organization based in Natick, MA, classified under NTEE code L41. The organization reported total revenue of $1.6M and total assets of $2.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Family Promise Metrowest Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Family Promise Metrowest Inc demonstrates a generally stable financial position with consistent revenue streams over the past several years. In the most recent filing (202312), the organization reported revenues of $1,336,603 against expenses of $1,342,039, indicating that expenses slightly exceeded revenue for that period. However, this is a minor deficit and the organization maintains healthy assets of $2,857,295, significantly exceeding its liabilities of $46,457, suggesting strong financial solvency. The organization's assets have shown consistent growth, nearly doubling from $1,855,149 in 2019 to $2,857,295 in 2023.

Spending efficiency appears to be a strength, as the organization consistently reports 0% officer compensation, indicating that executive leadership is either volunteer-based or compensated through other means not categorized as 'officer compensation' on the 990, which is a positive sign for donor confidence. While specific program, administrative, and fundraising expense breakdowns are not provided in the summary data, the absence of officer compensation suggests a lean operational structure. The organization's NTEE code L41 (Homeless Services) aligns with its mission, and the consistent revenue and asset growth suggest effective fundraising and financial management.

Transparency is high given the consistent filing of IRS Form 990s over 13 periods, providing a clear historical financial record. The consistent growth in assets and relatively low liabilities, coupled with no reported officer compensation, paints a picture of a well-managed and mission-focused organization. Donors can generally be confident in the organization's financial stewardship and commitment to its mission.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Family Promise Metrowest Inc with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 7%
programs: 90%
fundraising: 3%

According to IRS 990 filings, Family Promise Metrowest Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all available filings, indicating that its executive leadership is either entirely volunteer or compensated through mechanisms not classified as officer compensation on the 990, which is highly favorable for a nonprofit of its size with over $1.3 million in annual revenue.

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 Family Promise Metrowest Inc's IRS 990 filings:

Expenses slightly exceeded revenue in the most recent filing (202312), though this was a minor deficit.

Strengths

The following positive indicators were identified for Family Promise Metrowest Inc:

Consistent reporting of 0% officer compensation across all filings.
Strong and growing asset base, reaching $2,857,295 in 2023.
Low liabilities relative to assets ($46,457 liabilities vs. $2,857,295 assets in 2023).
Long history of IRS 990 filings (13 filings), indicating transparency.
Significant revenue growth over the past decade, from $346,432 in 2014 to over $1.3 million in 2023.

Frequently Asked Questions about Family Promise Metrowest Inc

Is Family Promise Metrowest Inc financially stable?

Yes, Family Promise Metrowest Inc appears financially stable. While the 202312 period showed a slight deficit with expenses ($1,342,039) exceeding revenue ($1,336,603), the organization maintains substantial assets ($2,857,295) far exceeding its liabilities ($46,457), indicating strong solvency and a healthy balance sheet.

How has the organization's revenue trended over time?

The organization's revenue has shown significant growth and some fluctuations. It increased from $346,432 in 2014 to a peak of $1,605,700 in 2021, and most recently reported $1,336,603 in 2023, demonstrating a strong upward trend over the decade.

What is the organization's approach to executive compensation?

Family Promise Metrowest Inc consistently reports 0% officer compensation in all available IRS 990 filings. This suggests a highly efficient and potentially volunteer-driven executive leadership structure, which is a positive indicator for donor funds being directed towards programs.

Are the organization's assets growing?

Yes, the organization's assets have shown consistent and substantial growth, increasing from $159,229 in 2014 to $2,857,295 in 2023, indicating effective financial management and accumulation of resources.

Filing History

IRS 990 filing history for Family Promise Metrowest Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Family Promise Metrowest Inc's revenue has grown by 654.4%, moving from $177K to $1.3M. Total assets increased by 3122.2% over the same period, from $89K to $2.9M. Total functional expenses rose by 578.6%, from $198K to $1.3M. In its most recent filing year (2023), Family Promise Metrowest Inc reported a deficit of $5K, with expenses exceeding revenue. The organization holds $46K in liabilities against $2.9M in assets (debt-to-asset ratio: 1.6%), resulting in net assets of $2.8M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$1.3M	$1.3M	$2.9M	$46K	—	View 990
2022	$1.1M	$1.2M	$2.9M	$51K	—	View 990
2021	$1.6M	$1.0M	$3.0M	$127K	—	View 990
2020	$1.4M	$946K	$2.3M	$73K	—	View 990
2019	$973K	$752K	$1.9M	$42K	—	View 990
2018	$1.1M	$672K	$2.1M	$461K	—	View 990
2017	$1.4M	$607K	$2.1M	$916K	—	View 990
2016	$616K	$462K	$398K	$13K	—	View 990
2015	$451K	$370K	$242K	$10K	—	View 990
2014	$346K	$318K	$159K	$8K	—	View 990
2013	$278K	$240K	$132K	$8K	—	View 990
2012	$239K	$238K	$88K	$3K	—	View 990
2011	$177K	$198K	$89K	$5K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $1.3M, expenses of $1.3M, and assets of $2.9M (revenue +20.2% year-over-year).
2022: Revenue of $1.1M, expenses of $1.2M, and assets of $2.9M (revenue -30.7% year-over-year).
2021: Revenue of $1.6M, expenses of $1.0M, and assets of $3.0M (revenue +13.9% year-over-year).
2020: Revenue of $1.4M, expenses of $946K, and assets of $2.3M (revenue +44.9% year-over-year).
2019: Revenue of $973K, expenses of $752K, and assets of $1.9M (revenue -11.8% year-over-year).
2018: Revenue of $1.1M, expenses of $672K, and assets of $2.1M (revenue -21.2% year-over-year).
2017: Revenue of $1.4M, expenses of $607K, and assets of $2.1M (revenue +127.5% year-over-year).
2016: Revenue of $616K, expenses of $462K, and assets of $398K (revenue +36.5% year-over-year).
2015: Revenue of $451K, expenses of $370K, and assets of $242K (revenue +30.2% year-over-year).
2014: Revenue of $346K, expenses of $318K, and assets of $159K (revenue +24.7% year-over-year).
2013: Revenue of $278K, expenses of $240K, and assets of $132K (revenue +16.0% year-over-year).
2012: Revenue of $239K, expenses of $238K, and assets of $88K (revenue +35.1% year-over-year).
2011: Revenue of $177K, expenses of $198K, and assets of $89K.

Data Sources and Methodology

This transparency report for Family Promise Metrowest 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.