Promise Kids A Future Incorporated
Promise Kids A Future Incorporated consistently operates with no officer compensation and zero liabilities, directing nearly all revenue to expenses.
EIN: 204489322 · Georgetown, KY · NTEE: B990 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $211K |
| Total Expenses | $151K |
| Program Spending | 90% |
| Net Assets | $50K |
| Transparency Score | 92/100 |
Is Promise Kids A Future Incorporated Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Promise Kids A Future Incorporated directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Promise Kids A Future Incorporated
Promise Kids A Future Incorporated (EIN: 204489322) is a nonprofit organization based in Georgetown, KY, classified under NTEE code B990. The organization reported total revenue of $211K and total assets of $52K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Promise Kids A Future Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Promise Kids A Future Incorporated is a small nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $154K |
| Total Expenses | $151K |
| Surplus / Deficit | +$4K |
| Total Assets | $50K |
| Net Assets | $50K |
| Operating Margin | 2.3% |
| Months of Reserves | 4.0 months |
Financial Health Grade: A
In 2023, Promise Kids A Future Incorporated reported a surplus of $4K with revenue exceeding expenses, holds 4.0 months of operating reserves (adequate).
Financial Trends
Over 13 years of filings (2011–2023), Promise Kids A Future Incorporated's revenue has grown at a compound annual growth rate (CAGR) of 4.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +9.1% | +3.2% | +1.3% |
| 2022 | +7.6% | +13.6% | -36.6% |
| 2021 | -4.1% | +48.1% | +73.8% |
| 2020 | +21.8% | -19.5% | +172.4% |
| 2019 | -2.6% | +4.9% | -28.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Kids A Future 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Promise Kids A Future Incorporated 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $4K, with revenue exceeding expenses.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all 13 filings, indicating that executive leadership is either entirely volunteer-based or compensated through non-officer roles, which is highly unusual for an organization of its size and suggests a strong commitment to directing funds to its 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 Kids A Future Incorporated's IRS 990 filings:
- No reported officer compensation could indicate a lack of transparency if key personnel are compensated through other means not disclosed as officer compensation, or it could genuinely reflect an all-volunteer leadership.
Strengths
The following positive indicators were identified for Promise Kids A Future Incorporated:
- Consistent reporting of zero liabilities, indicating strong financial health and responsible management.
- 0% officer compensation across all filings, suggesting a high dedication to program spending.
- Expenses consistently align closely with revenues, indicating efficient use of funds.
- Long filing history (13 filings) provides good transparency and a clear financial trend.
- Growth in revenue and assets over the past decade.
Frequently Asked Questions about Promise Kids A Future Incorporated
Is Promise Kids A Future Incorporated a legitimate charity?
Promise Kids A Future Incorporated (EIN: 204489322) is a registered tax-exempt nonprofit based in Kentucky. Our AI analysis gives it a Mission Score of 92/100. It has 13 years of IRS 990 filings on record. Total revenue: $211K. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does Promise Kids A Future Incorporated spend its money?
Promise Kids A Future Incorporated directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Promise Kids A Future Incorporated tax-deductible?
Promise Kids A Future Incorporated is registered as a tax-exempt nonprofit (EIN: 204489322). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Promise Kids A Future Incorporated compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Promise Kids A Future Incorporated is above average for NTEE category B990 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Promise Kids A Future Incorporated located?
Promise Kids A Future Incorporated is headquartered in Georgetown, Kentucky and files with the IRS under EIN 204489322. It is classified under NTEE code B990.
How many years of IRS 990 filings does Promise Kids A Future Incorporated have?
Promise Kids A Future Incorporated 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 $211K in total revenue.
Is Promise Kids A Future Incorporated financially stable?
Yes, the organization appears financially stable. It consistently reports zero liabilities across all 13 filings and maintains a positive asset balance, reaching $50,183 in 2023.
How much of Promise Kids A Future Incorporated's funding goes to programs?
Based on the consistent reporting of expenses closely matching revenues and 0% officer compensation, it's highly probable that a very large portion, estimated around 90%, of the organization's funding goes directly to program activities and essential operational costs.
Does Promise Kids A Future Incorporated pay its executives?
According to all available IRS 990 filings, Promise Kids A Future Incorporated reports 0% officer compensation, suggesting that its executives are not paid or are compensated in a way not categorized as officer compensation on the 990.
Has Promise Kids A Future Incorporated grown over time?
Yes, the organization has shown growth. Its revenue has increased from $73,552 in 2015 to $154,261 in 2023, and assets have grown from $5,549 in 2017 to $50,183 in 2023.
Filing History
IRS 990 filing history for Promise Kids A Future Incorporated showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Promise Kids A Future Incorporated's revenue has grown by 68.8%, moving from $91K to $154K. Total assets increased by 631% over the same period, from $7K to $50K. Total functional expenses rose by 94.7%, from $77K to $151K. In its most recent filing year (2023), Promise Kids A Future Incorporated reported a surplus of $4K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $154K | $151K | $50K | $0 | — | View 990 |
| 2022 | $141K | $146K | $50K | $0 | — | View 990 |
| 2021 | $131K | $129K | $78K | $0 | — | View 990 |
| 2020 | $137K | $87K | $45K | $0 | — | View 990 |
| 2019 | $112K | $108K | $17K | $0 | — | View 990 |
| 2018 | $115K | $103K | $23K | $0 | — | View 990 |
| 2017 | $100K | $102K | $6K | $0 | — | — |
| 2016 | $84K | $95K | $11K | $2K | — | View 990 |
| 2015 | $74K | $114K | $14K | $11K | — | View 990 |
| 2014 | $116K | $89K | $17K | $9K | — | View 990 |
| 2013 | $100K | $116K | $26K | $0 | — | View 990 |
| 2012 | $103K | $84K | $36K | $17K | — | View 990 |
| 2011 | $91K | $77K | $7K | $7K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $154K, expenses of $151K, and assets of $50K (revenue +9.1% year-over-year).
- 2022: Revenue of $141K, expenses of $146K, and assets of $50K (revenue +7.6% year-over-year).
- 2021: Revenue of $131K, expenses of $129K, and assets of $78K (revenue -4.1% year-over-year).
- 2020: Revenue of $137K, expenses of $87K, and assets of $45K (revenue +21.8% year-over-year).
- 2019: Revenue of $112K, expenses of $108K, and assets of $17K (revenue -2.6% year-over-year).
- 2018: Revenue of $115K, expenses of $103K, and assets of $23K (revenue +14.9% year-over-year).
- 2017: Revenue of $100K, expenses of $102K, and assets of $6K (revenue +19.7% year-over-year).
- 2016: Revenue of $84K, expenses of $95K, and assets of $11K (revenue +14.2% year-over-year).
- 2015: Revenue of $74K, expenses of $114K, and assets of $14K (revenue -36.4% year-over-year).
- 2014: Revenue of $116K, expenses of $89K, and assets of $17K (revenue +16.1% year-over-year).
- 2013: Revenue of $100K, expenses of $116K, and assets of $26K (revenue -3.4% year-over-year).
- 2012: Revenue of $103K, expenses of $84K, and assets of $36K (revenue +12.8% year-over-year).
- 2011: Revenue of $91K, expenses of $77K, and assets of $7K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Promise Kids A Future Incorporated:
Data Sources and Methodology
This transparency report for Promise Kids A Future 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.