Global Promise Foundation
Global Promise Foundation consistently operates at a deficit, with expenses exceeding revenue in most recent years.
EIN: 201584233 · Scottsdale, AZ · NTEE: T20 · Updated: 2026-03-28
Is Global Promise Foundation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Global Promise Foundation directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Global Promise Foundation
Global Promise Foundation (EIN: 201584233) is a nonprofit organization based in Scottsdale, AZ, classified under NTEE code T20. The organization reported total revenue of $119K and total assets of $715K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Global Promise Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Global Promise Foundation is a small nonprofit that has been operating for 21 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $36K |
| Total Expenses | $77K |
| Surplus / Deficit | $-40,940 |
| Total Assets | $723K |
| Total Liabilities | $1 |
| Net Assets | $723K |
| Operating Margin | -113.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 112.7 months |
Financial Health Grade: B
In 2023, Global Promise Foundation reported a deficit of $41K with expenses exceeding revenue, holds 112.7 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Global Promise Foundation's revenue has grown at a compound annual growth rate (CAGR) of 3.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +41.8% | +13.2% | -5.4% |
| 2022 | -52.5% | +1.5% | -5.3% |
| 2021 | -6.6% | -3.2% | -1.6% |
| 2020 | +29.4% | -1.2% | -1.4% |
| 2019 | -46.7% | +26.3% | -6.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Global Promise Foundation with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Global Promise Foundation allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $41K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Officer compensation has consistently been reported as 0% across all available filings, indicating that no salaries or benefits are paid to executives, which is a positive for resource allocation but doesn't mitigate the overall financial deficit.
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 Global Promise Foundation's IRS 990 filings:
- Consistent deficit spending (expenses exceeding revenue) in most recent years, e.g., $77,025 expenses vs. $36,085 revenue in 2023.
- Declining asset base over time, from $910,630 in 2011 to $714,695 currently.
- Long-term financial sustainability is questionable due to persistent operational losses.
Strengths
The following positive indicators were identified for Global Promise Foundation:
- Zero officer compensation reported across all filings, indicating resources are not used for executive salaries.
- Very low reported liabilities in most periods, suggesting good debt management.
Frequently Asked Questions about Global Promise Foundation
Is Global Promise Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Global Promise Foundation (EIN: 201584233) significant concerns. Mission Score: 45/100. 3 red flags identified, 2 strengths noted.
How does Global Promise Foundation spend its money?
Global Promise Foundation directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Global Promise Foundation tax-deductible?
Global Promise Foundation is registered as a tax-exempt nonprofit (EIN: 201584233). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Global Promise Foundation financially sustainable?
Based on the provided data, Global Promise Foundation is not financially sustainable, as expenses have consistently exceeded revenue in most recent years, leading to a decline in assets from $910,630 in 2011 to $714,695 currently.
What is the trend in the organization's assets?
The organization's assets have shown a consistent downward trend, decreasing from $910,630 in 2011 to $714,695 currently, reflecting sustained operational losses.
Does Global Promise Foundation pay its officers?
No, the IRS 990 filings consistently report 0% officer compensation across all available periods, indicating no salaries or benefits are paid to executives.
How has revenue changed over time?
Revenue has fluctuated significantly, with a high of $85,977 in 2013 and a low of $22,806 in 2011, but generally has not kept pace with expenses in recent years, such as $36,085 in 2023 against $77,025 in expenses.
Filing History
IRS 990 filing history for Global Promise Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Global Promise Foundation's revenue has grown by 58.2%, moving from $23K to $36K. Total assets decreased by 20.6% over the same period, from $911K to $723K. Total functional expenses fell by 9%, from $85K to $77K. In its most recent filing year (2023), Global Promise Foundation reported a deficit of $41K, with expenses exceeding revenue. The organization holds $1 in liabilities against $723K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $723K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $36K | $77K | $723K | $1 | — | — |
| 2022 | $25K | $68K | $764K | $75 | — | View 990 |
| 2021 | $54K | $67K | $807K | $1 | — | — |
| 2020 | $57K | $69K | $820K | $1 | — | View 990 |
| 2019 | $44K | $70K | $832K | $1 | — | View 990 |
| 2015 | $83K | $55K | $892K | $0 | — | View 990 |
| 2014 | $38K | $61K | $864K | $0 | — | View 990 |
| 2013 | $86K | $70K | $887K | $0 | — | View 990 |
| 2012 | $27K | $68K | $871K | $0 | — | View 990 |
| 2011 | $23K | $85K | $911K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $36K, expenses of $77K, and assets of $723K (revenue +41.8% year-over-year).
- 2022: Revenue of $25K, expenses of $68K, and assets of $764K (revenue -52.5% year-over-year).
- 2021: Revenue of $54K, expenses of $67K, and assets of $807K (revenue -6.6% year-over-year).
- 2020: Revenue of $57K, expenses of $69K, and assets of $820K (revenue +29.4% year-over-year).
- 2019: Revenue of $44K, expenses of $70K, and assets of $832K (revenue -46.7% year-over-year).
- 2015: Revenue of $83K, expenses of $55K, and assets of $892K (revenue +119.0% year-over-year).
- 2014: Revenue of $38K, expenses of $61K, and assets of $864K (revenue -55.9% year-over-year).
- 2013: Revenue of $86K, expenses of $70K, and assets of $887K (revenue +215.0% year-over-year).
- 2012: Revenue of $27K, expenses of $68K, and assets of $871K (revenue +19.7% year-over-year).
- 2011: Revenue of $23K, expenses of $85K, and assets of $911K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Global Promise Foundation:
Data Sources and Methodology
This transparency report for Global Promise Foundation 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.