Family Promise Of The Lower Cape Fear Inc
EIN: 561925967 · Wilmington, NC · NTEE: X90
Is Family Promise Of The Lower Cape Fear 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 The Lower Cape Fear Inc
Family Promise Of The Lower Cape Fear Inc (EIN: 561925967) is a nonprofit organization based in Wilmington, NC, classified under NTEE code X90. The organization reported total revenue of $833K and total assets of $844K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Family Promise Of The Lower Cape Fear Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Family Promise Of The Lower Cape Fear Inc is a small nonprofit that has been operating for 30 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $863K |
| Total Expenses | $1.0M |
| Surplus / Deficit | $-137,721 |
| Total Assets | $664K |
| Total Liabilities | $518K |
| Net Assets | $147K |
| Operating Margin | -16.0% |
| Debt-to-Asset Ratio | 77.9% |
| Months of Reserves | 8.0 months |
Financial Health Grade: C
In 2023, Family Promise Of The Lower Cape Fear Inc reported a deficit of $138K with expenses exceeding revenue, holds 8.0 months of operating reserves (strong position), has a debt-to-asset ratio of 77.9% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Family Promise Of The Lower Cape Fear Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -2.1% | +16.4% | -18.2% |
| 2022 | +10.8% | +29.2% | +7.4% |
| 2021 | +35.0% | +5.7% | +8.7% |
| 2020 | -10.2% | -4.0% | -3.1% |
| 2019 | +5.9% | -2.6% | -5.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1996 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Family Promise Of The Lower Cape Fear 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 The Lower Cape Fear 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 deficit of $138K, with expenses exceeding revenue.
- Debt-to-asset ratio: 77.9%.
Frequently Asked Questions about Family Promise Of The Lower Cape Fear Inc
Is Family Promise Of The Lower Cape Fear Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Family Promise Of The Lower Cape Fear Inc (EIN: 561925967) insufficient data. 0 red flags identified, 0 strengths noted.
How does Family Promise Of The Lower Cape Fear Inc spend its money?
Detailed spending breakdown data is not yet available for Family Promise Of The Lower Cape Fear Inc. Check back for updated IRS 990 analysis.
Are donations to Family Promise Of The Lower Cape Fear Inc tax-deductible?
Family Promise Of The Lower Cape Fear Inc is registered as a tax-exempt nonprofit (EIN: 561925967). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Family Promise Of The Lower Cape Fear Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Family Promise Of The Lower Cape Fear Inc's revenue has grown by 148.2%, moving from $348K to $863K. Total assets decreased by 42.8% over the same period, from $1.2M to $664K. Total functional expenses rose by 170.4%, from $370K to $1.0M. In its most recent filing year (2023), Family Promise Of The Lower Cape Fear Inc reported a deficit of $138K, with expenses exceeding revenue. The organization holds $518K in liabilities against $664K in assets (debt-to-asset ratio: 77.9%), resulting in net assets of $147K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $863K | $1.0M | $664K | $518K | — | — |
| 2022 | $882K | $860K | $812K | $527K | — | View 990 |
| 2021 | $795K | $666K | $756K | $493K | — | View 990 |
| 2020 | $589K | $630K | $695K | $526K | — | — |
| 2019 | $656K | $656K | $718K | $543K | — | View 990 |
| 2018 | $620K | $674K | $757K | $583K | — | View 990 |
| 2017 | $351K | $453K | $809K | $580K | — | View 990 |
| 2016 | $311K | $364K | $937K | $607K | — | View 990 |
| 2015 | $351K | $374K | $1.0M | $645K | — | View 990 |
| 2014 | $315K | $403K | $1.0M | $654K | — | View 990 |
| 2013 | $384K | $315K | $1.1M | $671K | — | View 990 |
| 2012 | $322K | $385K | $1.1M | $729K | — | View 990 |
| 2011 | $348K | $370K | $1.2M | $725K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $863K, expenses of $1.0M, and assets of $664K (revenue -2.1% year-over-year).
- 2022: Revenue of $882K, expenses of $860K, and assets of $812K (revenue +10.8% year-over-year).
- 2021: Revenue of $795K, expenses of $666K, and assets of $756K (revenue +35.0% year-over-year).
- 2020: Revenue of $589K, expenses of $630K, and assets of $695K (revenue -10.2% year-over-year).
- 2019: Revenue of $656K, expenses of $656K, and assets of $718K (revenue +5.9% year-over-year).
- 2018: Revenue of $620K, expenses of $674K, and assets of $757K (revenue +76.6% year-over-year).
- 2017: Revenue of $351K, expenses of $453K, and assets of $809K (revenue +13.0% year-over-year).
- 2016: Revenue of $311K, expenses of $364K, and assets of $937K (revenue -11.6% year-over-year).
- 2015: Revenue of $351K, expenses of $374K, and assets of $1.0M (revenue +11.4% year-over-year).
- 2014: Revenue of $315K, expenses of $403K, and assets of $1.0M (revenue -17.8% year-over-year).
- 2013: Revenue of $384K, expenses of $315K, and assets of $1.1M (revenue +19.0% year-over-year).
- 2012: Revenue of $322K, expenses of $385K, and assets of $1.1M (revenue -7.3% year-over-year).
- 2011: Revenue of $348K, expenses of $370K, and assets of $1.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Family Promise Of The Lower Cape Fear Inc:
Data Sources and Methodology
This transparency report for Family Promise Of The Lower Cape Fear 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.