Fathers Making Progress Inc
EIN: 850512163 · Milwaukee, WI · NTEE: P40
| Metric | Value |
|---|---|
| Total Revenue | $919K |
| Total Expenses | $335K |
| Net Assets | $-148,465 |
Is Fathers Making Progress Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Fathers Making Progress Inc
Fathers Making Progress Inc (EIN: 850512163) is a nonprofit organization based in Milwaukee, WI, classified under NTEE code P40. The organization reported total revenue of $919K and total assets of $403K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Fathers Making Progress Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Fathers Making Progress Inc is a small nonprofit that has been operating for 6 years, with 2 years of IRS 990 filings on record (2023–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $124K |
| Total Expenses | $335K |
| Surplus / Deficit | $-211,141 |
| Total Assets | $61K |
| Total Liabilities | $209K |
| Net Assets | $-148,465 |
| Operating Margin | -170.0% |
| Debt-to-Asset Ratio | 344.2% |
| Months of Reserves | 2.2 months |
Financial Health Grade: D
In 2023, Fathers Making Progress Inc reported a deficit of $211K with expenses exceeding revenue, holds 2.2 months of operating reserves (limited), has a debt-to-asset ratio of 344.2% (high leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -51.6% | +34.6% | -78.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1258 |
| IRS Ruling Date | 2020 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Fathers Making Progress 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 Fathers Making Progress 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 $211K, with expenses exceeding revenue.
- Debt-to-asset ratio: 344.2%.
Frequently Asked Questions about Fathers Making Progress Inc
Is Fathers Making Progress Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Fathers Making Progress Inc (EIN: 850512163) insufficient data. 0 red flags identified, 0 strengths noted.
How does Fathers Making Progress Inc spend its money?
Detailed spending breakdown data is not yet available for Fathers Making Progress Inc. Check back for updated IRS 990 analysis.
Are donations to Fathers Making Progress Inc tax-deductible?
Fathers Making Progress Inc is registered as a tax-exempt nonprofit (EIN: 850512163). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Fathers Making Progress Inc located?
Fathers Making Progress Inc is headquartered in Milwaukee, Wisconsin and files with the IRS under EIN 850512163. It is classified under NTEE code P40.
How many years of IRS 990 filings does Fathers Making Progress Inc have?
Fathers Making Progress Inc has 2 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 $919K in total revenue.
Filing History
IRS 990 filing history for Fathers Making Progress Inc showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2023–2023), Fathers Making Progress Inc's revenue has declined by 51.6%, moving from $257K to $124K. Total assets decreased by 78.4% over the same period, from $281K to $61K. Total functional expenses rose by 34.6%, from $249K to $335K. In its most recent filing year (2023), Fathers Making Progress Inc reported a deficit of $211K, with expenses exceeding revenue. The organization holds $209K in liabilities against $61K in assets (debt-to-asset ratio: 344.2%), resulting in net assets of $-148,465.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $124K | $335K | $61K | $209K | — | View 990 |
| 2023 | $257K | $249K | $281K | $218K | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Fathers Making Progress Inc:
Data Sources and Methodology
This transparency report for Fathers Making Progress 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.