Global Promise Inc
Global Promise Inc. operates on a tight budget with minimal assets and no reported officer compensation.
EIN: 204305226 · Pinedale, WY · NTEE: X20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $37K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $145 |
| Transparency Score | 75/100 |
Is Global Promise Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Global Promise Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Global Promise Inc
Global Promise Inc (EIN: 204305226) is a nonprofit organization based in Pinedale, WY, classified under NTEE code X20. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Global Promise Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Global Promise Inc is a micro nonprofit that has been operating for 19 years, with 6 years of IRS 990 filings on record (2018–2023). Revenue has grown at a compound annual rate of -14.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $37K |
| Total Expenses | $37K |
| Surplus / Deficit | $-193 |
| Total Assets | $145 |
| Net Assets | $145 |
| Operating Margin | -0.5% |
| Months of Reserves | 0.0 months |
Financial Health Grade: C
In 2023, Global Promise Inc reported a deficit of $193 with expenses exceeding revenue, holds 0.0 months of operating reserves (limited).
Financial Trends
Over 6 years of filings (2018–2023), Global Promise Inc's revenue has declined at a compound annual growth rate (CAGR) of -14.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -47.2% | -48.6% | -57.1% |
| 2022 | +0.6% | +7.3% | -87.4% |
| 2021 | +11.0% | +3.3% | +447.2% |
| 2020 | -42.7% | -39.0% | -84.2% |
| 2019 | +31.7% | +30.3% | +265.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7100 |
| IRS Ruling Date | 2007 |
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 Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Global Promise Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $193, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is consistently reported as $0 across all filings, indicating that the organization is likely volunteer-led or that its leadership is not compensated, which is notable for an organization with revenues up to $110,270.
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 Inc's IRS 990 filings:
- Significant decline in revenue from $110,270 in 2019 to $37,300 in 2023, indicating potential funding challenges.
- Extremely low asset base (e.g., $145 in 2023) suggests minimal financial reserves for unexpected events or future growth.
Strengths
The following positive indicators were identified for Global Promise Inc:
- Consistent reporting of $0 officer compensation, indicating a highly efficient and volunteer-driven leadership.
- No reported liabilities across all six filings, demonstrating strong financial solvency and avoidance of debt.
- Consistently spends nearly all revenue on its mission, with expenses closely matching or slightly exceeding revenue, suggesting active program delivery.
Frequently Asked Questions about Global Promise Inc
Is Global Promise Inc a legitimate charity?
Global Promise Inc (EIN: 204305226) is a registered tax-exempt nonprofit based in Wyoming. Our AI analysis gives it a Mission Score of 75/100. It has 6 years of IRS 990 filings on record. 2 red flags identified. 3 strengths noted. Financial health grade: C.
How does Global Promise Inc spend its money?
Global Promise Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Global Promise Inc tax-deductible?
Global Promise Inc is registered as a tax-exempt nonprofit (EIN: 204305226). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Global Promise Inc CEO make?
Global Promise Inc's highest-compensated officer earns $0 annually. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Global Promise Inc's spending goes to programs?
Global Promise Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Global Promise Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Global Promise Inc is above average for NTEE category X20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Global Promise Inc located?
Global Promise Inc is headquartered in Pinedale, Wyoming and files with the IRS under EIN 204305226. It is classified under NTEE code X20.
How many years of IRS 990 filings does Global Promise Inc have?
Global Promise Inc has 6 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
What specific programs does Global Promise Inc. operate given its NTEE code X20 (International, Foreign Affairs & National Security)?
The provided data does not detail specific programs, but the NTEE code X20 suggests activities related to international affairs, foreign policy, or national security. Further investigation into their public mission statement or website would be necessary.
How does Global Promise Inc. manage to operate with $0 officer compensation?
The consistent reporting of $0 officer compensation implies that the organization is either entirely volunteer-run at the leadership level or that any compensation is below the reporting threshold for officers, which is less likely given the consistent zero. This suggests a strong commitment to minimizing overhead.
Why are Global Promise Inc.'s assets consistently so low, often under $500?
The consistently low asset base (e.g., $145 in 2023, $338 in 2022) suggests that the organization operates on a 'pass-through' model, spending nearly all revenue as it comes in, with minimal accumulation of reserves or capital investments. This could be due to the nature of its programs or a deliberate financial strategy.
What is the cause of the revenue decline from $110,270 in 2019 to $37,300 in 2023?
The provided data does not specify the reasons for revenue fluctuations. A significant drop from $110,270 in 2019 to $37,300 in 2023 could be due to changes in funding sources, economic conditions, or a shift in organizational capacity or focus.
Filing History
IRS 990 filing history for Global Promise Inc showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2018–2023), Global Promise Inc's revenue has declined by 55.5%, moving from $84K to $37K. Total assets decreased by 83% over the same period, from $852 to $145. Total functional expenses fell by 54.8%, from $83K to $37K. In its most recent filing year (2023), Global Promise Inc reported a deficit of $193, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $37K | $37K | $145 | $0 | — | — |
| 2022 | $71K | $73K | $338 | $0 | — | View 990 |
| 2021 | $70K | $68K | $3K | $0 | — | — |
| 2020 | $63K | $66K | $492 | $0 | — | View 990 |
| 2019 | $110K | $108K | $3K | $0 | — | View 990 |
| 2018 | $84K | $83K | $852 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $37K, expenses of $37K, and assets of $145 (revenue -47.2% year-over-year).
- 2022: Revenue of $71K, expenses of $73K, and assets of $338 (revenue +0.6% year-over-year).
- 2021: Revenue of $70K, expenses of $68K, and assets of $3K (revenue +11.0% year-over-year).
- 2020: Revenue of $63K, expenses of $66K, and assets of $492 (revenue -42.7% year-over-year).
- 2019: Revenue of $110K, expenses of $108K, and assets of $3K (revenue +31.7% year-over-year).
- 2018: Revenue of $84K, expenses of $83K, and assets of $852.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Global Promise Inc:
Data Sources and Methodology
This transparency report for Global Promise 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.