Iglesia Evangelica Cristo Promesafiel Inc

Iglesia Evangelica Cristo Promesafiel Inc maintains zero officer compensation and no liabilities, with modest asset growth.

EIN: 208815693 · Olney, MD · NTEE: X21 · Updated: 2026-03-28

$269KRevenue

$176KAssets

85/100Mission Score (Excellent)

X21

About Iglesia Evangelica Cristo Promesafiel Inc

Iglesia Evangelica Cristo Promesafiel Inc (EIN: 208815693) is a nonprofit organization based in Olney, MD, classified under NTEE code X21. The organization reported total revenue of $269K and total assets of $176K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Iglesia Evangelica Cristo Promesafiel Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Iglesia Evangelica Cristo Promesafiel Inc demonstrates a consistent operational presence with fluctuating but generally stable revenue streams over the past few years. In 2023, the organization reported revenues of $273,367 against expenses of $255,562, indicating a surplus for the period. While asset growth has been observed, increasing from $21,592 in 2020 to $94,034 in 2023, the overall asset base remains modest relative to its revenue. The organization consistently reports zero officer compensation, which is a positive indicator of volunteer-driven leadership and efficient use of funds, contributing to a higher proportion of resources potentially directed towards its mission. The absence of liabilities across all reported periods suggests sound financial management and a low-risk financial profile.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Iglesia Evangelica Cristo Promesafiel Inc with a Mission Score of 85 out of 100 (Excellent). 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: 90%
fundraising: 0%

According to IRS 990 filings, Iglesia Evangelica Cristo Promesafiel Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is entirely volunteer-based, which is highly commendable for a nonprofit of its size and contributes to greater financial efficiency.

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.

Strengths

The following positive indicators were identified for Iglesia Evangelica Cristo Promesafiel Inc:

Zero officer compensation, indicating volunteer leadership and efficient use of funds.
No reported liabilities across all filing periods, demonstrating strong financial management.
Consistent asset growth from $21,592 in 2020 to $94,034 in 2023, building organizational capacity.
Likely high program spending ratio due to minimal administrative and no fundraising costs.

Frequently Asked Questions about Iglesia Evangelica Cristo Promesafiel Inc

Is Iglesia Evangelica Cristo Promesafiel Inc a good charity?

Based on the provided data, the organization appears to be a good charity. It consistently reports 0% officer compensation, has no liabilities, and shows a commitment to its mission by directing resources efficiently. Its program spending is likely very high given the lack of executive compensation and fundraising expenses.

How has the organization's financial health changed over time?

The organization's financial health has shown some volatility in revenue and expenses, but assets have grown from $21,592 in 2020 to $94,034 in 2023, indicating a positive trend in building reserves. The consistent absence of liabilities is a strong positive indicator of financial stability.

What is the organization's approach to executive compensation?

Iglesia Evangelica Cristo Promesafiel Inc has a highly efficient approach to executive compensation, reporting 0% for officers across all available filings. This suggests a volunteer-driven leadership model.

Filing History

IRS 990 filing history for Iglesia Evangelica Cristo Promesafiel Inc showing financial trends over 4 years of public records:

Over 4 years of IRS 990 filings (2020–2023), Iglesia Evangelica Cristo Promesafiel Inc's revenue has grown by 16.5%, moving from $235K to $273K. Total assets increased by 335.5% over the same period, from $22K to $94K. Total functional expenses fell by 15%, from $301K to $256K. In its most recent filing year (2023), Iglesia Evangelica Cristo Promesafiel Inc reported a surplus of $18K, with revenue exceeding expenses.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$273K	$256K	$94K	$0	—	View 990
2022	$302K	$351K	$72K	$0	—	View 990
2021	$368K	$321K	$69K	$0	—	View 990
2020	$235K	$301K	$22K	$0	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $273K, expenses of $256K, and assets of $94K (revenue -9.5% year-over-year).
2022: Revenue of $302K, expenses of $351K, and assets of $72K (revenue -18.0% year-over-year).
2021: Revenue of $368K, expenses of $321K, and assets of $69K (revenue +56.9% year-over-year).
2020: Revenue of $235K, expenses of $301K, and assets of $22K.

Data Sources and Methodology

This transparency report for Iglesia Evangelica Cristo Promesafiel 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.