Franklins Promise Coalition Incorporated
EIN: 300115977 · Eastpoint, FL · NTEE: P20
| Metric | Value |
|---|---|
| Total Revenue | $2.5M |
| Total Expenses | $2.5M |
| Net Assets | $533K |
Is Franklins Promise Coalition Incorporated Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Franklins Promise Coalition Incorporated
Franklins Promise Coalition Incorporated (EIN: 300115977) is a nonprofit organization based in Eastpoint, FL, classified under NTEE code P20. The organization reported total revenue of $2.5M and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Franklins Promise Coalition Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Franklins Promise Coalition Incorporated is a mid-size nonprofit that has been operating for 24 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 23.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.5M |
| Total Expenses | $2.5M |
| Surplus / Deficit | +$17K |
| Total Assets | $1.1M |
| Total Liabilities | $607K |
| Net Assets | $533K |
| Operating Margin | 0.7% |
| Debt-to-Asset Ratio | 53.2% |
| Months of Reserves | 5.5 months |
Financial Health Grade: A
In 2023, Franklins Promise Coalition Incorporated reported a surplus of $17K with revenue exceeding expenses, holds 5.5 months of operating reserves (adequate), has a debt-to-asset ratio of 53.2% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Franklins Promise Coalition Incorporated's revenue has grown at a compound annual growth rate (CAGR) of 23.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +4.5% | +6.3% | +12.4% |
| 2022 | +107.0% | +109.4% | +24.5% |
| 2021 | -29.3% | -10.4% | +69.8% |
| 2020 | +43.5% | +4.8% | +450.2% |
| 2019 | +147.9% | +90.3% | -27.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2002 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Franklins Promise Coalition Incorporated 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 Franklins Promise Coalition Incorporated 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 $17K, with revenue exceeding expenses.
- Debt-to-asset ratio: 53.2%.
Frequently Asked Questions about Franklins Promise Coalition Incorporated
Is Franklins Promise Coalition Incorporated a legitimate charity?
Franklins Promise Coalition Incorporated (EIN: 300115977) is a registered tax-exempt nonprofit based in Florida. It has 13 years of IRS 990 filings on record. Total revenue: $2.5M. No red flags identified. Financial health grade: A.
How does Franklins Promise Coalition Incorporated spend its money?
Franklins Promise Coalition Incorporated reported $2.5M in total revenue in IRS 990 filings. 13 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Franklins Promise Coalition Incorporated tax-deductible?
Franklins Promise Coalition Incorporated is registered as a tax-exempt nonprofit (EIN: 300115977). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Franklins Promise Coalition Incorporated located?
Franklins Promise Coalition Incorporated is headquartered in Eastpoint, Florida and files with the IRS under EIN 300115977. It is classified under NTEE code P20.
How many years of IRS 990 filings does Franklins Promise Coalition Incorporated have?
Franklins Promise Coalition Incorporated 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 $2.5M in total revenue.
Filing History
IRS 990 filing history for Franklins Promise Coalition Incorporated showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Franklins Promise Coalition Incorporated's revenue has grown by 1147.4%, moving from $201K to $2.5M. Total assets increased by 1393.4% over the same period, from $76K to $1.1M. Total functional expenses rose by 1606.9%, from $146K to $2.5M. In its most recent filing year (2023), Franklins Promise Coalition Incorporated reported a surplus of $17K, with revenue exceeding expenses. The organization holds $607K in liabilities against $1.1M in assets (debt-to-asset ratio: 53.2%), resulting in net assets of $533K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.5M | $2.5M | $1.1M | $607K | — | — |
| 2022 | $2.4M | $2.3M | $1.0M | $498K | — | View 990 |
| 2021 | $1.2M | $1.1M | $814K | $355K | — | — |
| 2020 | $1.6M | $1.3M | $479K | $23K | — | — |
| 2019 | $1.1M | $1.2M | $87K | $20K | — | View 990 |
| 2018 | $461K | $627K | $120K | $3K | — | View 990 |
| 2017 | $761K | $529K | $288K | $5K | — | View 990 |
| 2016 | $413K | $434K | $53K | $690 | — | View 990 |
| 2015 | $266K | $236K | $74K | $972 | — | View 990 |
| 2014 | $284K | $278K | $46K | $2K | — | View 990 |
| 2013 | $305K | $367K | $39K | $827 | — | View 990 |
| 2012 | $289K | $263K | $103K | $3K | — | View 990 |
| 2011 | $201K | $146K | $76K | $1K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.5M, expenses of $2.5M, and assets of $1.1M (revenue +4.5% year-over-year).
- 2022: Revenue of $2.4M, expenses of $2.3M, and assets of $1.0M (revenue +107.0% year-over-year).
- 2021: Revenue of $1.2M, expenses of $1.1M, and assets of $814K (revenue -29.3% year-over-year).
- 2020: Revenue of $1.6M, expenses of $1.3M, and assets of $479K (revenue +43.5% year-over-year).
- 2019: Revenue of $1.1M, expenses of $1.2M, and assets of $87K (revenue +147.9% year-over-year).
- 2018: Revenue of $461K, expenses of $627K, and assets of $120K (revenue -39.4% year-over-year).
- 2017: Revenue of $761K, expenses of $529K, and assets of $288K (revenue +84.1% year-over-year).
- 2016: Revenue of $413K, expenses of $434K, and assets of $53K (revenue +55.5% year-over-year).
- 2015: Revenue of $266K, expenses of $236K, and assets of $74K (revenue -6.3% year-over-year).
- 2014: Revenue of $284K, expenses of $278K, and assets of $46K (revenue -7.1% year-over-year).
- 2013: Revenue of $305K, expenses of $367K, and assets of $39K (revenue +5.8% year-over-year).
- 2012: Revenue of $289K, expenses of $263K, and assets of $103K (revenue +43.4% year-over-year).
- 2011: Revenue of $201K, expenses of $146K, and assets of $76K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Franklins Promise Coalition Incorporated:
Data Sources and Methodology
This transparency report for Franklins Promise Coalition Incorporated 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.