Family Promise Of Gwinnett County Inc
Family Promise Of Gwinnett County Inc shows strong asset growth and zero officer compensation, despite a recent slight operational deficit.
EIN: 141906067 · Lawrenceville, GA · Updated: 2026-03-28
Is Family Promise Of Gwinnett County 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 Gwinnett County Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Family Promise Of Gwinnett County Inc
Family Promise Of Gwinnett County Inc (EIN: 141906067) is a nonprofit organization based in Lawrenceville, GA. The organization reported total revenue of $579K and total assets of $1.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Family Promise Of Gwinnett County Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Family Promise Of Gwinnett County Inc is a small nonprofit that has been operating for 22 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 2.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $513K |
| Total Expenses | $526K |
| Surplus / Deficit | $-12,669 |
| Total Assets | $985K |
| Total Liabilities | $7K |
| Net Assets | $978K |
| Operating Margin | -2.5% |
| Debt-to-Asset Ratio | 0.7% |
| Months of Reserves | 22.5 months |
Financial Health Grade: B
In 2023, Family Promise Of Gwinnett County Inc reported a deficit of $13K with expenses exceeding revenue, holds 22.5 months of operating reserves (strong position), has a debt-to-asset ratio of 0.7% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Family Promise Of Gwinnett County Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -19.5% | +7.9% | -0.8% |
| 2022 | -25.0% | +39.2% | +15.0% |
| 2021 | +146.1% | +65.4% | +155.6% |
| 2020 | +38.6% | +16.9% | +58.1% |
| 2019 | -33.8% | -47.4% | +32.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 Gwinnett 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 Gwinnett 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 deficit of $13K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.7%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive salaries from the organization, which is highly commendable for an organization with revenues exceeding $500,000.
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 Gwinnett County Inc's IRS 990 filings:
- Slight operational deficit in the most recent fiscal year (202312), with expenses ($525,972) exceeding revenue ($513,303).
Strengths
The following positive indicators were identified for Family Promise Of Gwinnett County Inc:
- Consistent 0% officer compensation reported across all filings, indicating high efficiency and transparency.
- Significant asset growth from $213,686 in 201912 to $984,913 in 202312, demonstrating strong financial management.
- Low liabilities relative to assets, indicating strong financial stability.
- Strong revenue generation, with latest revenue at $579,455 and a peak of $850,779 in 202112.
Frequently Asked Questions about Family Promise Of Gwinnett County Inc
Is Family Promise Of Gwinnett County Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Family Promise Of Gwinnett County Inc (EIN: 141906067) some concerns. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
How does Family Promise Of Gwinnett County Inc spend its money?
Family Promise Of Gwinnett County Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Family Promise Of Gwinnett County Inc tax-deductible?
Family Promise Of Gwinnett County Inc is registered as a tax-exempt nonprofit (EIN: 141906067). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Family Promise Of Gwinnett County Inc a good charity?
Based on the financial data, Family Promise Of Gwinnett County Inc appears to be a very good charity. It demonstrates strong financial health with growing assets, low liabilities, and a remarkable commitment to directing funds to its mission by reporting 0% officer compensation.
How has the organization's financial health changed over time?
The organization has shown significant financial growth, with assets increasing from $213,686 in 201912 to $984,913 in 202312. Revenue has fluctuated but generally trended upwards, and liabilities have remained low relative to assets, indicating improving financial stability.
What is the organization's approach to executive compensation?
Family Promise Of Gwinnett County Inc has consistently reported 0% officer compensation across all 14 available filings, indicating a strong commitment to volunteer leadership or a structure where executive salaries are not drawn from the organization's funds.
Filing History
IRS 990 filing history for Family Promise Of Gwinnett County Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Family Promise Of Gwinnett County Inc's revenue has grown by 36.9%, moving from $375K to $513K. Total assets increased by 247.9% over the same period, from $283K to $985K. Total functional expenses rose by 32.9%, from $396K to $526K. In its most recent filing year (2023), Family Promise Of Gwinnett County Inc reported a deficit of $13K, with expenses exceeding revenue. The organization holds $7K in liabilities against $985K in assets (debt-to-asset ratio: 0.7%), resulting in net assets of $978K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $513K | $526K | $985K | $7K | — | — |
| 2022 | $638K | $487K | $993K | $8K | — | View 990 |
| 2021 | $851K | $350K | $863K | $29K | — | View 990 |
| 2020 | $346K | $212K | $338K | $4K | — | View 990 |
| 2019 | $249K | $181K | $214K | $14K | — | View 990 |
| 2018 | $377K | $344K | $162K | $10K | — | View 990 |
| 2017 | $287K | $481K | $135K | $17K | — | View 990 |
| 2016 | $480K | $427K | $331K | $20K | — | View 990 |
| 2015 | $408K | $363K | $276K | $17K | — | View 990 |
| 2014 | $343K | $421K | $238K | $29K | — | View 990 |
| 2013 | $382K | $423K | $147K | $10K | — | View 990 |
| 2012 | $468K | $570K | $188K | $16K | — | View 990 |
| 2011 | $454K | $455K | $283K | $9K | — | View 990 |
| 2010 | $375K | $396K | $283K | $8K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $513K, expenses of $526K, and assets of $985K (revenue -19.5% year-over-year).
- 2022: Revenue of $638K, expenses of $487K, and assets of $993K (revenue -25.0% year-over-year).
- 2021: Revenue of $851K, expenses of $350K, and assets of $863K (revenue +146.1% year-over-year).
- 2020: Revenue of $346K, expenses of $212K, and assets of $338K (revenue +38.6% year-over-year).
- 2019: Revenue of $249K, expenses of $181K, and assets of $214K (revenue -33.8% year-over-year).
- 2018: Revenue of $377K, expenses of $344K, and assets of $162K (revenue +31.1% year-over-year).
- 2017: Revenue of $287K, expenses of $481K, and assets of $135K (revenue -40.2% year-over-year).
- 2016: Revenue of $480K, expenses of $427K, and assets of $331K (revenue +17.8% year-over-year).
- 2015: Revenue of $408K, expenses of $363K, and assets of $276K (revenue +18.9% year-over-year).
- 2014: Revenue of $343K, expenses of $421K, and assets of $238K (revenue -10.1% year-over-year).
- 2013: Revenue of $382K, expenses of $423K, and assets of $147K (revenue -18.5% year-over-year).
- 2012: Revenue of $468K, expenses of $570K, and assets of $188K (revenue +3.0% year-over-year).
- 2011: Revenue of $454K, expenses of $455K, and assets of $283K (revenue +21.2% year-over-year).
- 2010: Revenue of $375K, expenses of $396K, and assets of $283K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Family Promise Of Gwinnett County Inc:
Data Sources and Methodology
This transparency report for Family Promise Of Gwinnett 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.