Family Promise Of Beaufort County
Family Promise Of Beaufort County shows strong asset growth and no executive compensation, despite a recent operating deficit.
EIN: 205647589 · Bluffton, SC · NTEE: P20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $617K |
| Total Expenses | $624K |
| Program Spending | 85% |
| Net Assets | $1.2M |
| Transparency Score | 90/100 |
Is Family Promise Of Beaufort County 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 Beaufort County directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Family Promise Of Beaufort County
Family Promise Of Beaufort County (EIN: 205647589) is a nonprofit organization based in Bluffton, SC, classified under NTEE code P20. The organization reported total revenue of $617K and total assets of $1.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Family Promise Of Beaufort County's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Family Promise Of Beaufort County 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 11.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $549K |
| Total Expenses | $624K |
| Surplus / Deficit | $-75,296 |
| Total Assets | $1.2M |
| Total Liabilities | $19K |
| Net Assets | $1.2M |
| Operating Margin | -13.7% |
| Debt-to-Asset Ratio | 1.6% |
| Months of Reserves | 22.7 months |
Financial Health Grade: B
In 2023, Family Promise Of Beaufort County reported a deficit of $75K with expenses exceeding revenue, holds 22.7 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 Beaufort County's revenue has grown at a compound annual growth rate (CAGR) of 11.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -11.9% | +27.3% | -5.8% |
| 2022 | -0.8% | -2.1% | +12.3% |
| 2021 | -7.9% | +23.0% | +8.1% |
| 2020 | +41.3% | +2.2% | +44.5% |
| 2019 | +20.8% | +4.6% | +13.1% |
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 Beaufort County 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 Beaufort County 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 $75K, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.6%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive salaries from the organization. This is a highly positive sign, suggesting that all available funds are directed towards program delivery and operational costs, rather than executive salaries.
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 Beaufort County's IRS 990 filings:
- Operating deficit in the most recent filing period (202312), with expenses ($624,328) exceeding revenue ($549,032).
Strengths
The following positive indicators were identified for Family Promise Of Beaufort County:
- Consistent 0% officer compensation across all filings, indicating high efficiency and transparency.
- Significant asset growth from $499,213 in 2014 to $1,182,165 in 2023, demonstrating strong financial management.
- Relatively low and stable liabilities, indicating sound financial health and minimal debt reliance.
- Consistent revenue generation over the past decade, supporting ongoing operations.
Frequently Asked Questions about Family Promise Of Beaufort County
Is Family Promise Of Beaufort County a legitimate charity?
Based on AI analysis of IRS 990 filings, Family Promise Of Beaufort County (EIN: 205647589) some concerns. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
How does Family Promise Of Beaufort County spend its money?
Family Promise Of Beaufort County directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Family Promise Of Beaufort County tax-deductible?
Family Promise Of Beaufort County is registered as a tax-exempt nonprofit (EIN: 205647589). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Family Promise Of Beaufort County's spending goes to programs?
Family Promise Of Beaufort County directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Family Promise Of Beaufort County compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Family Promise Of Beaufort County is above average for NTEE category P20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Family Promise Of Beaufort County located?
Family Promise Of Beaufort County is headquartered in Bluffton, South Carolina and files with the IRS under EIN 205647589. It is classified under NTEE code P20.
How many years of IRS 990 filings does Family Promise Of Beaufort County have?
Family Promise Of Beaufort County has 13 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 $617K in total revenue.
Is Family Promise Of Beaufort County a good charity?
Based on the provided data, Family Promise Of Beaufort County appears to be a good charity. It demonstrates strong program focus with 0% officer compensation, consistent asset growth, and relatively low liabilities over the long term. While there was a deficit in the latest filing, the overall financial health is robust.
How has the organization's financial health changed over time?
The organization's financial health has generally improved over time, with assets more than doubling from $499,213 in 2014 to $1,182,165 in 2023. Revenue has also shown growth, though expenses exceeded revenue in the most recent 202312 period.
What is the significance of 0% officer compensation?
0% officer compensation is highly significant as it indicates that the organization's leadership is not drawing salaries from the nonprofit. This suggests a strong commitment to maximizing the allocation of funds directly to the mission and programs, enhancing spending efficiency and donor trust.
Filing History
IRS 990 filing history for Family Promise Of Beaufort County showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Family Promise Of Beaufort County's revenue has grown by 259.8%, moving from $153K to $549K. Total assets increased by 787.1% over the same period, from $133K to $1.2M. Total functional expenses rose by 268.8%, from $169K to $624K. In its most recent filing year (2023), Family Promise Of Beaufort County reported a deficit of $75K, with expenses exceeding revenue. The organization holds $19K in liabilities against $1.2M in assets (debt-to-asset ratio: 1.6%), resulting in net assets of $1.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $549K | $624K | $1.2M | $19K | — | — |
| 2022 | $623K | $490K | $1.3M | $17K | — | View 990 |
| 2021 | $628K | $501K | $1.1M | $12K | — | — |
| 2020 | $682K | $407K | $1.0M | $56K | — | View 990 |
| 2019 | $483K | $398K | $715K | $12K | — | View 990 |
| 2018 | $400K | $381K | $632K | $14K | — | View 990 |
| 2017 | $434K | $329K | $623K | $12K | — | View 990 |
| 2016 | $364K | $337K | $490K | $9K | — | View 990 |
| 2015 | $393K | $307K | $508K | $54K | — | View 990 |
| 2014 | $520K | $245K | $499K | $131K | — | View 990 |
| 2013 | $367K | $282K | $170K | $0 | — | View 990 |
| 2012 | $201K | $249K | $138K | $53K | — | View 990 |
| 2011 | $153K | $169K | $133K | $308 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $549K, expenses of $624K, and assets of $1.2M (revenue -11.9% year-over-year).
- 2022: Revenue of $623K, expenses of $490K, and assets of $1.3M (revenue -0.8% year-over-year).
- 2021: Revenue of $628K, expenses of $501K, and assets of $1.1M (revenue -7.9% year-over-year).
- 2020: Revenue of $682K, expenses of $407K, and assets of $1.0M (revenue +41.3% year-over-year).
- 2019: Revenue of $483K, expenses of $398K, and assets of $715K (revenue +20.8% year-over-year).
- 2018: Revenue of $400K, expenses of $381K, and assets of $632K (revenue -7.9% year-over-year).
- 2017: Revenue of $434K, expenses of $329K, and assets of $623K (revenue +19.3% year-over-year).
- 2016: Revenue of $364K, expenses of $337K, and assets of $490K (revenue -7.5% year-over-year).
- 2015: Revenue of $393K, expenses of $307K, and assets of $508K (revenue -24.4% year-over-year).
- 2014: Revenue of $520K, expenses of $245K, and assets of $499K (revenue +41.6% year-over-year).
- 2013: Revenue of $367K, expenses of $282K, and assets of $170K (revenue +83.2% year-over-year).
- 2012: Revenue of $201K, expenses of $249K, and assets of $138K (revenue +31.5% year-over-year).
- 2011: Revenue of $153K, expenses of $169K, and assets of $133K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Family Promise Of Beaufort County:
Data Sources and Methodology
This transparency report for Family Promise Of Beaufort County 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.