Promesa Foundation Inc
Promesa Foundation Inc shows consistent asset growth and no reported officer compensation, despite occasional operating deficits.
EIN: 133411787 · Bronx, NY · NTEE: F22I · Updated: 2026-03-28
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Promesa Foundation Inc is mapped to EIN 133411787.
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13 stored filing years available.
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85% program spend, health grade C
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| Metric | Value |
|---|---|
| Total Revenue | $3.1M |
| Total Expenses | $3.2M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $29 |
| Net Assets | $6.0M |
| Transparency Score | 85/100 |
Search Intent Cockpit
Promesa Foundation Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals
Promesa Foundation Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Promesa Foundation Inc in one place.
Form 990 Filing Summary
13 filing years are available, with latest revenue of $3.2M and expenses of $3.2M.
Revenue and Expenses
Promesa Foundation Inc reported $3.2M in revenue and $3.2M in expenses, a deficit of $40K.
Executive Compensation
Top officer compensation appears as $29 in the stored analysis, with context against revenue and expenses below.
Charity Score and Red Flags
85/100 mission score, 3 red flags, and 4 strengths are shown from structured and AI review.
Is Promesa Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $2.7M (85%) |
Across stored filings, Promesa Foundation Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
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| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 3 red flags identified |
| Mission spend | 85% to programs | Excellent |
| Financial durability | Grade C | 13 stored filing years |
| Peer context | Compare with Healthy Capital District Initiative | New York and Category F context |
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Bronx, NY nonprofitsCategory F in New York
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Promesa Foundation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Promesa Foundation Inc
Promesa Foundation Inc (EIN: 133411787) is a nonprofit organization based in Bronx, NY, classified under NTEE code F22I. The organization reported total revenue of $3.1M and total assets of $28.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Promesa Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Promesa Foundation Inc is a mid-size nonprofit that has been operating for 39 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 10.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.2M |
| Total Expenses | $3.2M |
| Surplus / Deficit | $-39,820 |
| Total Assets | $28.1M |
| Total Liabilities | $22.1M |
| Net Assets | $6.0M |
| Operating Margin | -1.3% |
| Debt-to-Asset Ratio | 78.7% |
| Months of Reserves | 105.1 months |
Financial Health Grade: C
In 2023, Promesa Foundation Inc reported a deficit of $40K with expenses exceeding revenue, holds 105.1 months of operating reserves (strong position), has a debt-to-asset ratio of 78.7% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Promesa Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 10.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -9.3% | +17.1% | -0.7% |
| 2022 | -1.0% | +3.3% | +14.8% |
| 2021 | +116.3% | +6.6% | -1.1% |
| 2020 | -61.8% | -4.4% | -3.5% |
| 2019 | +16.9% | -1.6% | +6.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1987 |
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 Promesa Foundation 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: 85%
- fundraising: 5%
According to IRS 990 filings, Promesa Foundation 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 $40K, with expenses exceeding revenue.
- Debt-to-asset ratio: 78.7%.
Executive Compensation Analysis
Promesa Foundation Inc consistently reports 0% officer compensation across all 13 available filings, indicating that no compensation is paid to officers, directors, trustees, or key employees, which is highly unusual for an organization of its size with assets nearing $29 million.
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 Promesa Foundation Inc's IRS 990 filings:
- Consistent high liabilities relative to assets (e.g., $22,137,140 liabilities vs. $28,143,138 assets in 202312)
- Occasional operating deficits (e.g., $3,214,180 expenses vs. $3,174,360 revenue in 202312)
- Unusually low (0%) reported officer compensation for an organization of this size, which may warrant further scrutiny into how leadership is compensated or structured.
Strengths
The following positive indicators were identified for Promesa Foundation Inc:
- Consistent asset growth over the past decade, from $9,143,028 in 2014 to $28,897,630 currently.
- No reported officer compensation across all 13 filings, indicating a potential commitment to minimizing executive overhead.
- Generally strong revenue generation, with several years exceeding $3.5 million.
- Positive net assets maintained despite fluctuations in annual revenue and expenses.
Frequently Asked Questions about Promesa Foundation Inc
Is Promesa Foundation Inc a legitimate charity?
Promesa Foundation Inc (EIN: 133411787) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $3.1M. 3 red flags identified. 4 strengths noted. Financial health grade: C.
How does Promesa Foundation Inc spend its money?
Promesa Foundation Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Promesa Foundation Inc tax-deductible?
Promesa Foundation Inc is registered as a tax-exempt nonprofit (EIN: 133411787). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Promesa Foundation Inc CEO make?
Promesa Foundation Inc's highest-compensated officer earns $29 annually. The organization reported $3.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Promesa Foundation Inc's spending goes to programs?
Promesa Foundation Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Promesa Foundation Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Promesa Foundation Inc is above average for NTEE category F22I nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Promesa Foundation Inc located?
Promesa Foundation Inc is headquartered in Bronx, New York and files with the IRS under EIN 133411787. It is classified under NTEE code F22I.
How many years of IRS 990 filings does Promesa Foundation Inc have?
Promesa Foundation Inc has 13 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 $3.1M in total revenue.
Is Promesa Foundation Inc a good charity?
Based on the available data, Promesa Foundation Inc exhibits strong financial stability through consistent asset growth and a notable commitment to minimizing executive compensation (0% reported). While there are occasional operating deficits, the overall trend suggests responsible financial management. The high program spending ratio (estimated 85%) further supports its effectiveness in delivering on its mission.
What is the nature of Promesa Foundation Inc's significant liabilities?
The filings consistently show liabilities exceeding $18 million in recent years, reaching $22,137,140 in 202312. Without further detail from the full 990, it's unclear if these are program-related, debt, or other obligations. Understanding the composition of these liabilities is crucial for a complete financial assessment.
How does Promesa Foundation Inc sustain operations with 0% officer compensation?
The consistent reporting of 0% officer compensation across all filings is highly unusual for an organization with annual expenses exceeding $2 million. This suggests that key leadership roles may be filled by volunteers, compensated through a related entity, or that the compensation is reported in a different section of the 990 not captured in this summary. Further investigation into the full 990 would be needed to clarify this.
Filing History
IRS 990 filing history for Promesa Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Promesa Foundation Inc's revenue has grown by 224.3%, moving from $979K to $3.2M. Total assets increased by 284.8% over the same period, from $7.3M to $28.1M. Total functional expenses rose by 267.6%, from $874K to $3.2M. In its most recent filing year (2023), Promesa Foundation Inc reported a deficit of $40K, with expenses exceeding revenue. The organization holds $22.1M in liabilities against $28.1M in assets (debt-to-asset ratio: 78.7%), resulting in net assets of $6.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.2M | $3.2M | $28.1M | $22.1M | — | — |
| 2022 | $3.5M | $2.7M | $28.3M | $22.3M | — | View 990 |
| 2021 | $3.5M | $2.7M | $24.7M | $19.4M | — | View 990 |
| 2020 | $1.6M | $2.5M | $25.0M | $20.6M | — | View 990 |
| 2019 | $4.3M | $2.6M | $25.9M | $20.6M | — | View 990 |
| 2018 | $3.7M | $2.6M | $24.3M | $20.7M | — | View 990 |
| 2017 | $2.3M | $3.0M | $23.6M | $21.0M | — | View 990 |
| 2016 | $2.7M | $2.4M | $22.3M | $19.1M | — | View 990 |
| 2015 | $2.3M | $1.8M | $21.8M | $18.9M | — | View 990 |
| 2014 | $1.5M | $1.4M | $9.1M | $6.6M | — | View 990 |
| 2013 | $1.3M | $1.2M | $9.4M | $7.0M | — | View 990 |
| 2012 | $1.0M | $1.1M | $8.7M | $6.4M | — | View 990 |
| 2011 | $979K | $874K | $7.3M | $5.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.2M, expenses of $3.2M, and assets of $28.1M (revenue -9.3% year-over-year).
- 2022: Revenue of $3.5M, expenses of $2.7M, and assets of $28.3M (revenue -1.0% year-over-year).
- 2021: Revenue of $3.5M, expenses of $2.7M, and assets of $24.7M (revenue +116.3% year-over-year).
- 2020: Revenue of $1.6M, expenses of $2.5M, and assets of $25.0M (revenue -61.8% year-over-year).
- 2019: Revenue of $4.3M, expenses of $2.6M, and assets of $25.9M (revenue +16.9% year-over-year).
- 2018: Revenue of $3.7M, expenses of $2.6M, and assets of $24.3M (revenue +56.9% year-over-year).
- 2017: Revenue of $2.3M, expenses of $3.0M, and assets of $23.6M (revenue -13.3% year-over-year).
- 2016: Revenue of $2.7M, expenses of $2.4M, and assets of $22.3M (revenue +18.1% year-over-year).
- 2015: Revenue of $2.3M, expenses of $1.8M, and assets of $21.8M (revenue +54.4% year-over-year).
- 2014: Revenue of $1.5M, expenses of $1.4M, and assets of $9.1M (revenue +13.0% year-over-year).
- 2013: Revenue of $1.3M, expenses of $1.2M, and assets of $9.4M (revenue +26.7% year-over-year).
- 2012: Revenue of $1.0M, expenses of $1.1M, and assets of $8.7M (revenue +5.4% year-over-year).
- 2011: Revenue of $979K, expenses of $874K, and assets of $7.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Promesa Foundation Inc:
Data Sources and Methodology
This transparency report for Promesa Foundation 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.