Family Promise Of Gallatin Valley Inc
Family Promise Of Gallatin Valley Inc shows explosive revenue growth and strong program spending with no reported officer compensation.
EIN: 113739588 · Bozeman, MT · NTEE: P60 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5.7M |
| Total Expenses | $2.7M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $4,075,018 |
| Net Assets | $5.3M |
| Transparency Score | 95/100 |
Is Family Promise Of Gallatin Valley Inc 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 Gallatin Valley Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Family Promise Of Gallatin Valley Inc
Family Promise Of Gallatin Valley Inc (EIN: 113739588) is a nonprofit organization based in Bozeman, MT, classified under NTEE code P60. The organization reported total revenue of $5.7M and total assets of $13.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Family Promise Of Gallatin Valley Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Family Promise Of Gallatin Valley Inc is a mid-size nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 30.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.1M |
| Total Expenses | $2.7M |
| Surplus / Deficit | +$1.3M |
| Total Assets | $6.2M |
| Total Liabilities | $822K |
| Net Assets | $5.3M |
| Operating Margin | 32.7% |
| Debt-to-Asset Ratio | 13.3% |
| Months of Reserves | 27.0 months |
Financial Health Grade: A
In 2023, Family Promise Of Gallatin Valley Inc reported a surplus of $1.3M with revenue exceeding expenses, holds 27.0 months of operating reserves (strong position), has a debt-to-asset ratio of 13.3% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Family Promise Of Gallatin Valley Inc's revenue has grown at a compound annual growth rate (CAGR) of 30.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +128.4% | +53.2% | +8.1% |
| 2022 | -41.5% | +148.9% | +31.2% |
| 2021 | +239.5% | +64.6% | +150.3% |
| 2020 | +28.2% | -3.7% | +41.6% |
| 2019 | +16.1% | +59.3% | +25.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Gallatin Valley Inc with a Mission Score of 95 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 Of Gallatin Valley 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1.3M, with revenue exceeding expenses.
- Debt-to-asset ratio: 13.3%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation, which is highly unusual for an organization of this size and revenue ($4,075,018 in 2023). This suggests a strong volunteer leadership model or that compensation is reported under other expense categories, though the direct officer compensation line is consistently zero.
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 Gallatin Valley Inc's IRS 990 filings:
- Unusually low (0%) reported officer compensation for an organization of this size, which might indicate compensation is reported elsewhere or a unique operational model.
Strengths
The following positive indicators were identified for Family Promise Of Gallatin Valley Inc:
- Exceptional revenue growth, from $701,047 in 2019 to $4,075,018 in 2023.
- Strong asset growth, from $1,226,717 in 2019 to $6,164,581 in 2023.
- Consistent reporting of 0% officer compensation, indicating a highly mission-focused approach.
- High program spending efficiency, maximizing impact per dollar.
- Low liabilities relative to assets, indicating financial stability.
Frequently Asked Questions about Family Promise Of Gallatin Valley Inc
Is Family Promise Of Gallatin Valley Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Family Promise Of Gallatin Valley Inc (EIN: 113739588) some concerns. Mission Score: 95/100. 1 red flag identified, 5 strengths noted.
How does Family Promise Of Gallatin Valley Inc spend its money?
Family Promise Of Gallatin Valley Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Family Promise Of Gallatin Valley Inc tax-deductible?
Family Promise Of Gallatin Valley Inc is registered as a tax-exempt nonprofit (EIN: 113739588). 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 Gallatin Valley Inc CEO make?
Family Promise Of Gallatin Valley Inc's highest-compensated officer earns $4,075,018 annually. The organization reported $5.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Family Promise Of Gallatin Valley Inc's spending goes to programs?
Family Promise Of Gallatin Valley Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Family Promise Of Gallatin Valley Inc compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Family Promise Of Gallatin Valley Inc is above average for NTEE category P60 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Family Promise Of Gallatin Valley Inc located?
Family Promise Of Gallatin Valley Inc is headquartered in Bozeman, Montana and files with the IRS under EIN 113739588. It is classified under NTEE code P60.
How many years of IRS 990 filings does Family Promise Of Gallatin Valley Inc have?
Family Promise Of Gallatin Valley 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 $5.7M in total revenue.
Is Family Promise Of Gallatin Valley Inc a good charity?
Based on the available IRS 990 data, Family Promise Of Gallatin Valley Inc appears to be a very good charity. It demonstrates exceptional program spending efficiency, significant revenue and asset growth, and a remarkable commitment to its mission with no reported officer compensation.
How has the organization's financial health changed over time?
The organization's financial health has significantly improved over time, with revenue growing from $701,047 in 2019 to $4,075,018 in 2023, and assets increasing from $1,226,717 to $6,164,581 in the same period. This indicates strong financial management and increasing support.
What is the organization's spending efficiency?
The organization exhibits high spending efficiency, with a significant portion of its expenses dedicated to program services. For example, in 2023, with expenses of $2,740,998, the allocation suggests a very high percentage goes directly to programs, indicating effective use of funds.
Filing History
IRS 990 filing history for Family Promise Of Gallatin Valley Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Family Promise Of Gallatin Valley Inc's revenue has grown by 2318.1%, moving from $169K to $4.1M. Total assets increased by 838.8% over the same period, from $657K to $6.2M. Total functional expenses rose by 1186.4%, from $213K to $2.7M. In its most recent filing year (2023), Family Promise Of Gallatin Valley Inc reported a surplus of $1.3M, with revenue exceeding expenses. The organization holds $822K in liabilities against $6.2M in assets (debt-to-asset ratio: 13.3%), resulting in net assets of $5.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.1M | $2.7M | $6.2M | $822K | — | View 990 |
| 2022 | $1.8M | $1.8M | $5.7M | $1.7M | — | View 990 |
| 2021 | $3.1M | $719K | $4.3M | $367K | — | View 990 |
| 2020 | $899K | $437K | $1.7M | $77K | — | View 990 |
| 2019 | $701K | $453K | $1.2M | $14K | — | View 990 |
| 2018 | $604K | $285K | $979K | $18K | — | View 990 |
| 2017 | $334K | $278K | $647K | $8K | — | View 990 |
| 2016 | $236K | $255K | $582K | $5K | — | View 990 |
| 2015 | $217K | $247K | $603K | $5K | — | View 990 |
| 2014 | $52K | $130K | $633K | $5K | — | View 990 |
| 2013 | $262K | $242K | $714K | $9K | — | View 990 |
| 2012 | $296K | $207K | $745K | $7K | — | View 990 |
| 2011 | $169K | $213K | $657K | $8K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.1M, expenses of $2.7M, and assets of $6.2M (revenue +128.4% year-over-year).
- 2022: Revenue of $1.8M, expenses of $1.8M, and assets of $5.7M (revenue -41.5% year-over-year).
- 2021: Revenue of $3.1M, expenses of $719K, and assets of $4.3M (revenue +239.5% year-over-year).
- 2020: Revenue of $899K, expenses of $437K, and assets of $1.7M (revenue +28.2% year-over-year).
- 2019: Revenue of $701K, expenses of $453K, and assets of $1.2M (revenue +16.1% year-over-year).
- 2018: Revenue of $604K, expenses of $285K, and assets of $979K (revenue +80.8% year-over-year).
- 2017: Revenue of $334K, expenses of $278K, and assets of $647K (revenue +41.6% year-over-year).
- 2016: Revenue of $236K, expenses of $255K, and assets of $582K (revenue +8.8% year-over-year).
- 2015: Revenue of $217K, expenses of $247K, and assets of $603K (revenue +319.9% year-over-year).
- 2014: Revenue of $52K, expenses of $130K, and assets of $633K (revenue -80.3% year-over-year).
- 2013: Revenue of $262K, expenses of $242K, and assets of $714K (revenue -11.3% year-over-year).
- 2012: Revenue of $296K, expenses of $207K, and assets of $745K (revenue +75.7% year-over-year).
- 2011: Revenue of $169K, expenses of $213K, and assets of $657K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Family Promise Of Gallatin Valley Inc:
Data Sources and Methodology
This transparency report for Family Promise Of Gallatin Valley 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.