Greenwood Promise Llc
EIN: 474599149 · Greenwood, SC · NTEE: P20
| Metric | Value |
|---|---|
| Total Revenue | $3.5M |
| Total Expenses | $336K |
| Net Assets | $6.3M |
Is Greenwood Promise Llc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Greenwood Promise Llc
Greenwood Promise Llc (EIN: 474599149) is a nonprofit organization based in Greenwood, SC, classified under NTEE code P20. The organization reported total revenue of $3.5M and total assets of $8.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Greenwood Promise Llc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Greenwood Promise Llc is a mid-size nonprofit that has been operating for 7 years, with 6 years of IRS 990 filings on record (2018–2023). Revenue has grown at a compound annual rate of -4.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $284K |
| Total Expenses | $336K |
| Surplus / Deficit | $-52,549 |
| Total Assets | $6.3M |
| Net Assets | $6.3M |
| Operating Margin | -18.5% |
| Months of Reserves | 226.1 months |
Financial Health Grade: B
In 2023, Greenwood Promise Llc reported a deficit of $53K with expenses exceeding revenue, holds 226.1 months of operating reserves (strong position).
Financial Trends
Over 6 years of filings (2018–2023), Greenwood Promise Llc's revenue has declined at a compound annual growth rate (CAGR) of -4.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -87.9% | -20.7% | +8.1% |
| 2022 | +91.0% | -9.9% | +8.1% |
| 2021 | +72.7% | +77.2% | +39.0% |
| 2020 | +81.0% | +114.8% | +16.7% |
| 2019 | +8.0% | +50.6% | +19.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2019 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Greenwood Promise Llc 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 Greenwood Promise Llc 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 $53K, with expenses exceeding revenue.
Frequently Asked Questions about Greenwood Promise Llc
Is Greenwood Promise Llc a legitimate charity?
Greenwood Promise Llc (EIN: 474599149) is a registered tax-exempt nonprofit based in South Carolina. It has 6 years of IRS 990 filings on record. Total revenue: $3.5M. No red flags identified. Financial health grade: B.
How does Greenwood Promise Llc spend its money?
Greenwood Promise Llc reported $3.5M in total revenue in IRS 990 filings. 6 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Greenwood Promise Llc tax-deductible?
Greenwood Promise Llc is registered as a tax-exempt nonprofit (EIN: 474599149). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Greenwood Promise Llc located?
Greenwood Promise Llc is headquartered in Greenwood, South Carolina and files with the IRS under EIN 474599149. It is classified under NTEE code P20.
How many years of IRS 990 filings does Greenwood Promise Llc have?
Greenwood Promise Llc 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. The most recent filing shows $3.5M in total revenue.
Filing History
IRS 990 filing history for Greenwood Promise Llc showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2018–2023), Greenwood Promise Llc's revenue has declined by 22.1%, moving from $364K to $284K. Total assets increased by 127% over the same period, from $2.8M to $6.3M. Total functional expenses rose by 309.4%, from $82K to $336K. In its most recent filing year (2023), Greenwood Promise Llc reported a deficit of $53K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $284K | $336K | $6.3M | $0 | — | View 990 |
| 2022 | $2.3M | $424K | $5.9M | $374 | — | View 990 |
| 2021 | $1.2M | $470K | $5.4M | $0 | — | — |
| 2020 | $712K | $266K | $3.9M | $0 | — | View 990 |
| 2019 | $393K | $124K | $3.3M | $0 | — | View 990 |
| 2018 | $364K | $82K | $2.8M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $284K, expenses of $336K, and assets of $6.3M (revenue -87.9% year-over-year).
- 2022: Revenue of $2.3M, expenses of $424K, and assets of $5.9M (revenue +91.0% year-over-year).
- 2021: Revenue of $1.2M, expenses of $470K, and assets of $5.4M (revenue +72.7% year-over-year).
- 2020: Revenue of $712K, expenses of $266K, and assets of $3.9M (revenue +81.0% year-over-year).
- 2019: Revenue of $393K, expenses of $124K, and assets of $3.3M (revenue +8.0% year-over-year).
- 2018: Revenue of $364K, expenses of $82K, and assets of $2.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Greenwood Promise Llc:
Data Sources and Methodology
This transparency report for Greenwood Promise Llc 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.