Promise Center Incorporated
Promise Center Incorporated shows consistent revenue growth and zero officer compensation over a decade.
EIN: 208754112 · Johnson City, TN · NTEE: T30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $440K |
| Total Expenses | $631K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $656,953 |
| Net Assets | $157K |
| Transparency Score | 92/100 |
Is Promise Center Incorporated Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Promise Center Incorporated directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Promise Center Incorporated
Promise Center Incorporated (EIN: 208754112) is a nonprofit organization based in Johnson City, TN, classified under NTEE code T30. The organization reported total revenue of $440K and total assets of $99K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Promise Center Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Promise Center Incorporated is a small nonprofit that has been operating for 18 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of 6.8%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $657K |
| Total Expenses | $631K |
| Surplus / Deficit | +$26K |
| Total Assets | $157K |
| Total Liabilities | $38 |
| Net Assets | $157K |
| Operating Margin | 3.9% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 3.0 months |
Financial Health Grade: A
In 2022, Promise Center Incorporated reported a surplus of $26K with revenue exceeding expenses, holds 3.0 months of operating reserves (adequate), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 12 years of filings (2011–2022), Promise Center Incorporated's revenue has grown at a compound annual growth rate (CAGR) of 6.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +48.7% | +56.1% | +14.2% |
| 2021 | +29.8% | +13.4% | +46.1% |
| 2020 | +4.8% | +11.8% | +91.9% |
| 2019 | +22.9% | +24.5% | +13.2% |
| 2018 | +59.7% | +43.7% | +22.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
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 Promise Center Incorporated with a Mission Score of 92 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Promise Center Incorporated allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $26K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Promise Center Incorporated has consistently reported 0% officer compensation across all 12 available filings, indicating that no salaries or benefits are paid to its top executives, which is highly unusual for an organization of its growing size (revenue of $656,953 in 2022). This suggests a strong volunteer leadership model or that compensation is covered by another entity, but as reported, it reflects a significant dedication of resources directly to the mission.
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 Promise Center Incorporated's IRS 990 filings:
- Lack of detailed program vs. administrative spending breakdown in provided data (though zero officer comp is a positive counterpoint)
Strengths
The following positive indicators were identified for Promise Center Incorporated:
- Consistent and significant revenue growth over a decade (from $91,250 in 2013 to $656,953 in 2022)
- Zero reported officer compensation across all 12 filings, indicating high efficiency and dedication to mission
- Healthy asset growth and low liabilities, demonstrating strong financial management and stability
- Consistent filing of IRS 990s, indicating good transparency practices
- Positive operational surpluses in recent years (e.g., $25,723 surplus in 2022)
Frequently Asked Questions about Promise Center Incorporated
Is Promise Center Incorporated a legitimate charity?
Promise Center Incorporated (EIN: 208754112) is a registered tax-exempt nonprofit based in Tennessee. Our AI analysis gives it a Mission Score of 92/100. It has 12 years of IRS 990 filings on record. Total revenue: $440K. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does Promise Center Incorporated spend its money?
Promise Center Incorporated directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Promise Center Incorporated tax-deductible?
Promise Center Incorporated is registered as a tax-exempt nonprofit (EIN: 208754112). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Promise Center Incorporated CEO make?
Promise Center Incorporated's highest-compensated officer earns $656,953 annually. The organization reported $440K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Promise Center Incorporated's spending goes to programs?
Promise Center Incorporated directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Promise Center Incorporated compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Promise Center Incorporated is above average for NTEE category T30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Promise Center Incorporated located?
Promise Center Incorporated is headquartered in Johnson City, Tennessee and files with the IRS under EIN 208754112. It is classified under NTEE code T30.
How many years of IRS 990 filings does Promise Center Incorporated have?
Promise Center Incorporated has 12 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 $440K in total revenue.
Is Promise Center Incorporated a good charity?
Based on the available financial data, Promise Center Incorporated appears to be a very good charity. It demonstrates consistent revenue growth, healthy asset accumulation, minimal liabilities, and, notably, zero reported officer compensation across all filings, suggesting a strong commitment to directing funds towards its mission.
How has Promise Center Incorporated's revenue changed over time?
Promise Center Incorporated has experienced significant revenue growth, increasing from $91,250 in 2013 to $656,953 in 2022, representing an over 600% increase in a decade.
What is the organization's financial stability?
The organization shows strong financial stability, with growing assets (from $64,607 in 2013 to $157,360 in 2022) and consistently low liabilities (e.g., $38 in 2022), indicating a healthy balance sheet and ability to cover obligations.
Does Promise Center Incorporated pay its executives?
According to all available IRS 990 filings from 2013 to 2022, Promise Center Incorporated has reported 0% officer compensation, indicating that no salaries or benefits are paid to its executives.
Filing History
IRS 990 filing history for Promise Center Incorporated showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Promise Center Incorporated's revenue has grown by 105.5%, moving from $320K to $657K. Total assets increased by 25.8% over the same period, from $125K to $157K. Total functional expenses rose by 93.8%, from $326K to $631K. In its most recent filing year (2022), Promise Center Incorporated reported a surplus of $26K, with revenue exceeding expenses. The organization holds $38 in liabilities against $157K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $157K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $657K | $631K | $157K | $38 | — | View 990 |
| 2021 | $442K | $404K | $138K | $6K | — | View 990 |
| 2020 | $340K | $357K | $94K | $0 | — | View 990 |
| 2019 | $325K | $319K | $49K | $0 | — | View 990 |
| 2018 | $264K | $256K | $43K | $0 | — | View 990 |
| 2017 | $165K | $178K | $36K | $0 | — | View 990 |
| 2016 | $184K | $190K | $49K | $0 | — | View 990 |
| 2015 | $163K | $167K | $59K | $0 | — | View 990 |
| 2014 | $167K | $171K | $59K | $0 | — | View 990 |
| 2013 | $91K | $109K | $65K | $2K | — | View 990 |
| 2012 | $224K | $262K | $86K | $5K | — | View 990 |
| 2011 | $320K | $326K | $125K | $7K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $657K, expenses of $631K, and assets of $157K (revenue +48.7% year-over-year).
- 2021: Revenue of $442K, expenses of $404K, and assets of $138K (revenue +29.8% year-over-year).
- 2020: Revenue of $340K, expenses of $357K, and assets of $94K (revenue +4.8% year-over-year).
- 2019: Revenue of $325K, expenses of $319K, and assets of $49K (revenue +22.9% year-over-year).
- 2018: Revenue of $264K, expenses of $256K, and assets of $43K (revenue +59.7% year-over-year).
- 2017: Revenue of $165K, expenses of $178K, and assets of $36K (revenue -10.2% year-over-year).
- 2016: Revenue of $184K, expenses of $190K, and assets of $49K (revenue +13.1% year-over-year).
- 2015: Revenue of $163K, expenses of $167K, and assets of $59K (revenue -2.5% year-over-year).
- 2014: Revenue of $167K, expenses of $171K, and assets of $59K (revenue +82.9% year-over-year).
- 2013: Revenue of $91K, expenses of $109K, and assets of $65K (revenue -59.3% year-over-year).
- 2012: Revenue of $224K, expenses of $262K, and assets of $86K (revenue -29.9% year-over-year).
- 2011: Revenue of $320K, expenses of $326K, and assets of $125K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Promise Center Incorporated:
Data Sources and Methodology
This transparency report for Promise Center Incorporated 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.