Place Of Promise Inc
EIN: 43233151 · Lowell, MA · NTEE: X20Z
About Place Of Promise Inc
Place Of Promise Inc (EIN: 43233151) is a nonprofit organization based in Lowell, MA, classified under NTEE code X20Z. The organization reported total revenue of $712K and total assets of $2.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Place Of Promise Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Analysis Pending
AI enrichment for Place Of Promise Inc 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 Place Of Promise Inc 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.
Filing History
IRS 990 filing history for Place Of Promise Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Place Of Promise Inc's revenue has grown by 119.2%, moving from $226K to $495K. Total assets increased by 79% over the same period, from $897K to $1.6M. Total functional expenses rose by 50%, from $257K to $386K. In its most recent filing year (2023), Place Of Promise Inc reported a surplus of $109K, with revenue exceeding expenses. The organization holds $14K in liabilities against $1.6M in assets (debt-to-asset ratio: 0.9%), resulting in net assets of $1.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $495K | $386K | $1.6M | $14K | — | View 990 |
| 2022 | $642K | $355K | $1.5M | $16K | — | View 990 |
| 2021 | $755K | $341K | $1.3M | $56K | — | View 990 |
| 2020 | $462K | $354K | $910K | $127K | — | View 990 |
| 2019 | $502K | $358K | $942K | $269K | — | View 990 |
| 2018 | $361K | $415K | $789K | $276K | — | View 990 |
| 2017 | $337K | $439K | $846K | $287K | — | View 990 |
| 2016 | $432K | $393K | $944K | $283K | — | View 990 |
| 2015 | $378K | $356K | $960K | $300K | — | View 990 |
| 2014 | $349K | $319K | $955K | $314K | — | View 990 |
| 2013 | $397K | $316K | $913K | $330K | — | View 990 |
| 2012 | $250K | $281K | $850K | $373K | — | View 990 |
| 2011 | $226K | $257K | $897K | $361K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $495K, expenses of $386K, and assets of $1.6M (revenue -22.9% year-over-year).
- 2022: Revenue of $642K, expenses of $355K, and assets of $1.5M (revenue -15.0% year-over-year).
- 2021: Revenue of $755K, expenses of $341K, and assets of $1.3M (revenue +63.2% year-over-year).
- 2020: Revenue of $462K, expenses of $354K, and assets of $910K (revenue -7.9% year-over-year).
- 2019: Revenue of $502K, expenses of $358K, and assets of $942K (revenue +39.1% year-over-year).
- 2018: Revenue of $361K, expenses of $415K, and assets of $789K (revenue +7.2% year-over-year).
- 2017: Revenue of $337K, expenses of $439K, and assets of $846K (revenue -22.1% year-over-year).
- 2016: Revenue of $432K, expenses of $393K, and assets of $944K (revenue +14.3% year-over-year).
- 2015: Revenue of $378K, expenses of $356K, and assets of $960K (revenue +8.3% year-over-year).
- 2014: Revenue of $349K, expenses of $319K, and assets of $955K (revenue -12.1% year-over-year).
- 2013: Revenue of $397K, expenses of $316K, and assets of $913K (revenue +58.6% year-over-year).
- 2012: Revenue of $250K, expenses of $281K, and assets of $850K (revenue +10.9% year-over-year).
- 2011: Revenue of $226K, expenses of $257K, and assets of $897K.
Data Sources and Methodology
This transparency report for Place Of 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.