Greater Portland Family Promise
EIN: 812565353 · Portland, ME · NTEE: P85
| Metric | Value |
|---|---|
| Total Revenue | $505K |
| Total Expenses | $828K |
| Net Assets | $541K |
Is Greater Portland Family Promise Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Greater Portland Family Promise
Greater Portland Family Promise (EIN: 812565353) is a nonprofit organization based in Portland, ME, classified under NTEE code P85. The organization reported total revenue of $505K and total assets of $397K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Greater Portland Family Promise's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Greater Portland Family Promise is a small nonprofit that has been operating for 10 years, with 7 years of IRS 990 filings on record (2017–2023). Revenue has grown at a compound annual rate of 52.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.1M |
| Total Expenses | $828K |
| Surplus / Deficit | +$280K |
| Total Assets | $542K |
| Total Liabilities | $2K |
| Net Assets | $541K |
| Operating Margin | 25.3% |
| Debt-to-Asset Ratio | 0.3% |
| Months of Reserves | 7.9 months |
Financial Health Grade: A
In 2023, Greater Portland Family Promise reported a surplus of $280K with revenue exceeding expenses, holds 7.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.3% (very low leverage).
Financial Trends
Over 7 years of filings (2017–2023), Greater Portland Family Promise's revenue has grown at a compound annual growth rate (CAGR) of 52.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +255.7% | +151.0% | +153.3% |
| 2022 | +9.2% | +36.0% | +15.8% |
| 2021 | +60.9% | +77.7% | +82.7% |
| 2020 | +74.1% | -2.1% | +54.6% |
| 2019 | -34.3% | +14.1% | -39.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2016 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Greater Portland Family Promise 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 Greater Portland Family Promise 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 $280K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.3%.
Frequently Asked Questions about Greater Portland Family Promise
Is Greater Portland Family Promise a legitimate charity?
Greater Portland Family Promise (EIN: 812565353) is a registered tax-exempt nonprofit based in Maine. It has 7 years of IRS 990 filings on record. Total revenue: $505K. No red flags identified. Financial health grade: A.
How does Greater Portland Family Promise spend its money?
Greater Portland Family Promise reported $505K in total revenue in IRS 990 filings. 7 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Greater Portland Family Promise tax-deductible?
Greater Portland Family Promise is registered as a tax-exempt nonprofit (EIN: 812565353). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Greater Portland Family Promise located?
Greater Portland Family Promise is headquartered in Portland, Maine and files with the IRS under EIN 812565353. It is classified under NTEE code P85.
How many years of IRS 990 filings does Greater Portland Family Promise have?
Greater Portland Family Promise has 7 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 $505K in total revenue.
Filing History
IRS 990 filing history for Greater Portland Family Promise showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2017–2023), Greater Portland Family Promise's revenue has grown by 1142.9%, moving from $89K to $1.1M. Total assets increased by 582.6% over the same period, from $79K to $542K. Total functional expenses rose by 985.7%, from $76K to $828K. In its most recent filing year (2023), Greater Portland Family Promise reported a surplus of $280K, with revenue exceeding expenses. The organization holds $2K in liabilities against $542K in assets (debt-to-asset ratio: 0.3%), resulting in net assets of $541K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.1M | $828K | $542K | $2K | — | — |
| 2022 | $312K | $330K | $214K | $2K | — | View 990 |
| 2021 | $285K | $242K | $185K | $2K | — | View 990 |
| 2020 | $177K | $136K | $101K | $10K | — | — |
| 2019 | $102K | $139K | $65K | $15K | — | — |
| 2018 | $155K | $122K | $108K | $19K | — | View 990 |
| 2017 | $89K | $76K | $79K | $24K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.1M, expenses of $828K, and assets of $542K (revenue +255.7% year-over-year).
- 2022: Revenue of $312K, expenses of $330K, and assets of $214K (revenue +9.2% year-over-year).
- 2021: Revenue of $285K, expenses of $242K, and assets of $185K (revenue +60.9% year-over-year).
- 2020: Revenue of $177K, expenses of $136K, and assets of $101K (revenue +74.1% year-over-year).
- 2019: Revenue of $102K, expenses of $139K, and assets of $65K (revenue -34.3% year-over-year).
- 2018: Revenue of $155K, expenses of $122K, and assets of $108K (revenue +73.8% year-over-year).
- 2017: Revenue of $89K, expenses of $76K, and assets of $79K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Greater Portland Family Promise:
Data Sources and Methodology
This transparency report for Greater Portland Family Promise 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.