Family Promise Of Southern Delaware Inc
EIN: 843797847 · Lewes, DE · NTEE: P20
| Metric | Value |
|---|---|
| Total Revenue | $275K |
| Total Expenses | $228K |
| Net Assets | $271K |
Is Family Promise Of Southern Delaware Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Family Promise Of Southern Delaware Inc
Family Promise Of Southern Delaware Inc (EIN: 843797847) is a nonprofit organization based in Lewes, DE, classified under NTEE code P20. The organization reported total revenue of $275K and total assets of $282K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Family Promise Of Southern Delaware Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Family Promise Of Southern Delaware Inc is a small nonprofit that has been operating for 6 years, with 3 years of IRS 990 filings on record (2021–2023). Revenue has grown at a compound annual rate of 106.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $268K |
| Total Expenses | $228K |
| Surplus / Deficit | +$41K |
| Total Assets | $272K |
| Total Liabilities | $895 |
| Net Assets | $271K |
| Operating Margin | 15.1% |
| Debt-to-Asset Ratio | 0.3% |
| Months of Reserves | 14.3 months |
Financial Health Grade: A
In 2023, Family Promise Of Southern Delaware Inc reported a surplus of $41K with revenue exceeding expenses, holds 14.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.3% (very low leverage).
Financial Trends
Over 3 years of filings (2021–2023), Family Promise Of Southern Delaware Inc's revenue has grown at a compound annual growth rate (CAGR) of 106.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +8.5% | +199.6% | +17.2% |
| 2022 | +294.0% | +1054.0% | +253.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2020 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Family Promise Of Southern Delaware Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Family Promise Of Southern Delaware Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $41K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.3%.
Frequently Asked Questions about Family Promise Of Southern Delaware Inc
Is Family Promise Of Southern Delaware Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Family Promise Of Southern Delaware Inc (EIN: 843797847) insufficient data. 0 red flags identified, 0 strengths noted.
How does Family Promise Of Southern Delaware Inc spend its money?
Detailed spending breakdown data is not yet available for Family Promise Of Southern Delaware Inc. Check back for updated IRS 990 analysis.
Are donations to Family Promise Of Southern Delaware Inc tax-deductible?
Family Promise Of Southern Delaware Inc is registered as a tax-exempt nonprofit (EIN: 843797847). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Family Promise Of Southern Delaware Inc located?
Family Promise Of Southern Delaware Inc is headquartered in Lewes, Delaware and files with the IRS under EIN 843797847. It is classified under NTEE code P20.
How many years of IRS 990 filings does Family Promise Of Southern Delaware Inc have?
Family Promise Of Southern Delaware Inc has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $275K in total revenue.
Filing History
IRS 990 filing history for Family Promise Of Southern Delaware Inc showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2021–2023), Family Promise Of Southern Delaware Inc's revenue has grown by 327.4%, moving from $63K to $268K. Total assets increased by 314.3% over the same period, from $66K to $272K. Total functional expenses rose by 3358%, from $7K to $228K. In its most recent filing year (2023), Family Promise Of Southern Delaware Inc reported a surplus of $41K, with revenue exceeding expenses. The organization holds $895 in liabilities against $272K in assets (debt-to-asset ratio: 0.3%), resulting in net assets of $271K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $268K | $228K | $272K | $895 | — | — |
| 2022 | $247K | $76K | $232K | $2K | — | View 990 |
| 2021 | $63K | $7K | $66K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $268K, expenses of $228K, and assets of $272K (revenue +8.5% year-over-year).
- 2022: Revenue of $247K, expenses of $76K, and assets of $232K (revenue +294.0% year-over-year).
- 2021: Revenue of $63K, expenses of $7K, and assets of $66K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Family Promise Of Southern Delaware Inc:
Data Sources and Methodology
This transparency report for Family Promise Of Southern Delaware 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.