Family Promise Of Cape May County Inc
Family Promise Of Cape May County Inc shows consistent asset growth and zero reported officer compensation.
EIN: 113807411 · N Cape May, NJ · NTEE: P20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $513K |
| Total Expenses | $387K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $653K |
| Transparency Score | 90/100 |
Is Family Promise Of Cape May County Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Family Promise Of Cape May County Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Family Promise Of Cape May County Inc
Family Promise Of Cape May County Inc (EIN: 113807411) is a nonprofit organization based in N Cape May, NJ, classified under NTEE code P20. The organization reported total revenue of $513K and total assets of $1.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Family Promise Of Cape May County Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Family Promise Of Cape May County Inc 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 8.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $415K |
| Total Expenses | $387K |
| Surplus / Deficit | +$28K |
| Total Assets | $1.1M |
| Total Liabilities | $425K |
| Net Assets | $653K |
| Operating Margin | 6.7% |
| Debt-to-Asset Ratio | 39.4% |
| Months of Reserves | 33.4 months |
Financial Health Grade: A
In 2023, Family Promise Of Cape May County Inc reported a surplus of $28K with revenue exceeding expenses, holds 33.4 months of operating reserves (strong position), has a debt-to-asset ratio of 39.4% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Family Promise Of Cape May County Inc's revenue has grown at a compound annual growth rate (CAGR) of 8.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +8.7% | -0.8% | +1.0% |
| 2022 | -34.0% | +12.6% | -1.9% |
| 2021 | +49.4% | +12.9% | +48.9% |
| 2020 | -8.7% | -5.1% | +18.0% |
| 2019 | +18.4% | -2.3% | +10.4% |
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 Cape May County Inc 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 Cape May County 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 surplus of $28K, with revenue exceeding expenses.
- Debt-to-asset ratio: 39.4%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that officers are either uncompensated or compensated through non-officer channels, which is a strong positive for a nonprofit of this size with assets exceeding $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.
Strengths
The following positive indicators were identified for Family Promise Of Cape May County Inc:
- Consistent asset growth, reaching $1,078,196 in 2023.
- 0% reported officer compensation across all filings, indicating strong financial stewardship.
- Generally stable financial operations with expenses often below or close to revenue, as seen in 2023 ($387,035 expenses vs. $415,007 revenue).
- Positive net assets, with assets consistently exceeding liabilities.
Frequently Asked Questions about Family Promise Of Cape May County Inc
Is Family Promise Of Cape May County Inc a legitimate charity?
Family Promise Of Cape May County Inc (EIN: 113807411) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $513K. No red flags identified. 4 strengths noted. Financial health grade: A.
How does Family Promise Of Cape May County Inc spend its money?
Family Promise Of Cape May County Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Family Promise Of Cape May County Inc tax-deductible?
Family Promise Of Cape May County Inc is registered as a tax-exempt nonprofit (EIN: 113807411). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Family Promise Of Cape May County Inc CEO make?
Family Promise Of Cape May County Inc's highest-compensated officer earns $1 annually. The organization reported $513K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Family Promise Of Cape May County Inc's spending goes to programs?
Family Promise Of Cape May County Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Family Promise Of Cape May County Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Family Promise Of Cape May County Inc 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 Cape May County Inc located?
Family Promise Of Cape May County Inc is headquartered in N Cape May, New Jersey and files with the IRS under EIN 113807411. It is classified under NTEE code P20.
How many years of IRS 990 filings does Family Promise Of Cape May County Inc have?
Family Promise Of Cape May County Inc 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 $513K in total revenue.
Is Family Promise Of Cape May County Inc a good charity?
Based on the available data, the organization appears to be a good charity. They demonstrate consistent asset growth, responsible expense management (e.g., 2023 expenses of $387,035 against revenue of $415,007), and a notable commitment to transparency with 0% reported officer compensation.
How has the organization's financial health changed over time?
The organization has shown significant financial growth, with assets increasing from $493,404 in 2014 to $1,078,196 in 2023. Revenue has fluctuated but generally trended upwards, indicating a growing capacity to serve its mission.
What is the trend in their liabilities?
Liabilities have generally increased over the past decade, from $329,874 in 2014 to $425,224 in 2023, though they have seen some fluctuations, such as a peak at $470,370 in 2022.
Filing History
IRS 990 filing history for Family Promise Of Cape May County Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Family Promise Of Cape May County Inc's revenue has grown by 153.5%, moving from $164K to $415K. Total assets increased by 957.8% over the same period, from $102K to $1.1M. Total functional expenses rose by 180.9%, from $138K to $387K. In its most recent filing year (2023), Family Promise Of Cape May County Inc reported a surplus of $28K, with revenue exceeding expenses. The organization holds $425K in liabilities against $1.1M in assets (debt-to-asset ratio: 39.4%), resulting in net assets of $653K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $415K | $387K | $1.1M | $425K | — | — |
| 2022 | $382K | $390K | $1.1M | $470K | — | View 990 |
| 2021 | $578K | $346K | $1.1M | $436K | — | View 990 |
| 2020 | $387K | $307K | $731K | $314K | — | — |
| 2019 | $424K | $323K | $619K | $289K | — | View 990 |
| 2018 | $358K | $331K | $561K | $295K | — | View 990 |
| 2017 | $347K | $269K | $544K | $303K | — | — |
| 2016 | $216K | $225K | $462K | $314K | — | View 990 |
| 2015 | $215K | $224K | $474K | $321K | — | View 990 |
| 2014 | $226K | $229K | $493K | $330K | — | View 990 |
| 2013 | $253K | $221K | $496K | $336K | — | View 990 |
| 2012 | $205K | $175K | $389K | $262K | — | View 990 |
| 2011 | $164K | $138K | $102K | $4K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $415K, expenses of $387K, and assets of $1.1M (revenue +8.7% year-over-year).
- 2022: Revenue of $382K, expenses of $390K, and assets of $1.1M (revenue -34.0% year-over-year).
- 2021: Revenue of $578K, expenses of $346K, and assets of $1.1M (revenue +49.4% year-over-year).
- 2020: Revenue of $387K, expenses of $307K, and assets of $731K (revenue -8.7% year-over-year).
- 2019: Revenue of $424K, expenses of $323K, and assets of $619K (revenue +18.4% year-over-year).
- 2018: Revenue of $358K, expenses of $331K, and assets of $561K (revenue +3.1% year-over-year).
- 2017: Revenue of $347K, expenses of $269K, and assets of $544K (revenue +60.5% year-over-year).
- 2016: Revenue of $216K, expenses of $225K, and assets of $462K (revenue +0.5% year-over-year).
- 2015: Revenue of $215K, expenses of $224K, and assets of $474K (revenue -4.8% year-over-year).
- 2014: Revenue of $226K, expenses of $229K, and assets of $493K (revenue -10.6% year-over-year).
- 2013: Revenue of $253K, expenses of $221K, and assets of $496K (revenue +23.6% year-over-year).
- 2012: Revenue of $205K, expenses of $175K, and assets of $389K (revenue +25.0% year-over-year).
- 2011: Revenue of $164K, expenses of $138K, and assets of $102K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Family Promise Of Cape May County Inc:
Data Sources and Methodology
This transparency report for Family Promise Of Cape May County 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.