Family Promise Of Baldwin Countyinc
Family Promise Of Baldwin Countyinc reports a 2023 deficit following a strong 2022 surplus, maintaining low liabilities and no officer compensation.
EIN: 205453410 · Summerdale, AL · NTEE: P85 · Updated: 2026-03-28
Is Family Promise Of Baldwin Countyinc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Family Promise Of Baldwin Countyinc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Family Promise Of Baldwin Countyinc
Family Promise Of Baldwin Countyinc (EIN: 205453410) is a nonprofit organization based in Summerdale, AL, classified under NTEE code P85. The organization reported total revenue of $416K and total assets of $631K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Family Promise Of Baldwin Countyinc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Family Promise Of Baldwin Countyinc is a small nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 11.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $394K |
| Total Expenses | $551K |
| Surplus / Deficit | $-157,646 |
| Total Assets | $695K |
| Total Liabilities | $11K |
| Net Assets | $684K |
| Operating Margin | -40.1% |
| Debt-to-Asset Ratio | 1.6% |
| Months of Reserves | 15.1 months |
Financial Health Grade: B
In 2023, Family Promise Of Baldwin Countyinc reported a deficit of $158K with expenses exceeding revenue, holds 15.1 months of operating reserves (strong position), has a debt-to-asset ratio of 1.6% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Family Promise Of Baldwin Countyinc's revenue has grown at a compound annual growth rate (CAGR) of 11.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -53.6% | -3.2% | -18.5% |
| 2022 | -14.6% | -26.8% | +48.8% |
| 2021 | +227.0% | +242.0% | +31.8% |
| 2020 | -19.7% | -38.5% | +56.2% |
| 2019 | +26.4% | +25.9% | +5.1% |
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 Family Promise Of Baldwin Countyinc with a Mission Score of 90 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Family Promise Of Baldwin Countyinc 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 $158K, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.6%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers receive salaries, which is highly commendable for an organization of its size with revenues fluctuating between $300,000 and nearly $1 million.
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 Of Baldwin Countyinc's IRS 990 filings:
- Significant year-over-year revenue and expense fluctuations (e.g., 2022 revenue of $848,588 vs. 2023 revenue of $393,509)
- Operating deficit in the most recent filing period (2023: Expenses $551,155 > Revenue $393,509)
Strengths
The following positive indicators were identified for Family Promise Of Baldwin Countyinc:
- Consistent 0% officer compensation across all reported periods
- Low liabilities relative to assets (e.g., 2023 liabilities $11,062 vs. assets $694,829)
- Growing asset base over time, indicating financial growth and stability
- Long history of IRS 990 filings, demonstrating transparency
Frequently Asked Questions about Family Promise Of Baldwin Countyinc
Is Family Promise Of Baldwin Countyinc a legitimate charity?
Based on AI analysis of IRS 990 filings, Family Promise Of Baldwin Countyinc (EIN: 205453410) some concerns. Mission Score: 90/100. 2 red flags identified, 4 strengths noted.
How does Family Promise Of Baldwin Countyinc spend its money?
Family Promise Of Baldwin Countyinc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Family Promise Of Baldwin Countyinc tax-deductible?
Family Promise Of Baldwin Countyinc is registered as a tax-exempt nonprofit (EIN: 205453410). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Family Promise Of Baldwin Countyinc a good charity?
Based on the available financial data, Family Promise Of Baldwin Countyinc appears to be a good charity. It consistently reports 0% officer compensation, maintains low liabilities, and has grown its assets over time, indicating responsible financial management and a strong commitment to its mission.
Why did expenses exceed revenue in 2023?
In 2023, expenses were $551,155 while revenue was $393,509, resulting in a deficit. This could be due to increased program activities, one-time capital expenditures, or a temporary dip in donations. It's important to look at the detailed 990 form for specific reasons.
How has the organization's financial stability changed over the past few years?
The organization's financial stability has shown some volatility in revenue, with a peak of $993,115 in 2021 and a dip to $393,509 in 2023. However, assets have generally increased, reaching $694,829 in 2023, and liabilities have remained consistently low, indicating underlying financial strength despite revenue fluctuations.
Filing History
IRS 990 filing history for Family Promise Of Baldwin Countyinc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Family Promise Of Baldwin Countyinc's revenue has grown by 282.1%, moving from $103K to $394K. Total assets increased by 912.6% over the same period, from $69K to $695K. Total functional expenses rose by 387%, from $113K to $551K. In its most recent filing year (2023), Family Promise Of Baldwin Countyinc reported a deficit of $158K, with expenses exceeding revenue. The organization holds $11K in liabilities against $695K in assets (debt-to-asset ratio: 1.6%), resulting in net assets of $684K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $394K | $551K | $695K | $11K | — | View 990 |
| 2022 | $849K | $569K | $852K | $11K | — | View 990 |
| 2021 | $993K | $778K | $573K | $11K | — | View 990 |
| 2020 | $304K | $227K | $435K | $87K | — | View 990 |
| 2019 | $378K | $370K | $278K | $7K | — | View 990 |
| 2018 | $299K | $294K | $265K | $2K | — | View 990 |
| 2017 | $299K | $303K | $262K | $4K | — | View 990 |
| 2016 | $310K | $294K | $264K | $2K | — | View 990 |
| 2015 | $319K | $267K | $247K | $2K | — | View 990 |
| 2014 | $347K | $320K | $196K | $2K | — | View 990 |
| 2013 | $111K | $141K | $178K | $12K | — | View 990 |
| 2012 | $257K | $127K | $198K | $1K | — | View 990 |
| 2011 | $103K | $113K | $69K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $394K, expenses of $551K, and assets of $695K (revenue -53.6% year-over-year).
- 2022: Revenue of $849K, expenses of $569K, and assets of $852K (revenue -14.6% year-over-year).
- 2021: Revenue of $993K, expenses of $778K, and assets of $573K (revenue +227.0% year-over-year).
- 2020: Revenue of $304K, expenses of $227K, and assets of $435K (revenue -19.7% year-over-year).
- 2019: Revenue of $378K, expenses of $370K, and assets of $278K (revenue +26.4% year-over-year).
- 2018: Revenue of $299K, expenses of $294K, and assets of $265K (revenue +0.2% year-over-year).
- 2017: Revenue of $299K, expenses of $303K, and assets of $262K (revenue -3.8% year-over-year).
- 2016: Revenue of $310K, expenses of $294K, and assets of $264K (revenue -2.6% year-over-year).
- 2015: Revenue of $319K, expenses of $267K, and assets of $247K (revenue -8.1% year-over-year).
- 2014: Revenue of $347K, expenses of $320K, and assets of $196K (revenue +211.1% year-over-year).
- 2013: Revenue of $111K, expenses of $141K, and assets of $178K (revenue -56.7% year-over-year).
- 2012: Revenue of $257K, expenses of $127K, and assets of $198K (revenue +150.0% year-over-year).
- 2011: Revenue of $103K, expenses of $113K, and assets of $69K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Family Promise Of Baldwin Countyinc:
Data Sources and Methodology
This transparency report for Family Promise Of Baldwin Countyinc 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.