Promise Neighborhood Of Central Minnesota
EIN: 453233276 · Saint Cloud, MN · NTEE: P40
About Promise Neighborhood Of Central Minnesota
Promise Neighborhood Of Central Minnesota (EIN: 453233276) is a nonprofit organization based in Saint Cloud, MN, classified under NTEE code P40. The organization reported total revenue of $566K and total assets of $231K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Promise Neighborhood Of Central Minnesota's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Analysis Pending
AI enrichment for Promise Neighborhood Of Central Minnesota 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 Promise Neighborhood Of Central Minnesota 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 Promise Neighborhood Of Central Minnesota showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2015–2023), Promise Neighborhood Of Central Minnesota's revenue has grown by 456.2%, moving from $125K to $694K. Total assets increased by 1151.6% over the same period, from $22K to $270K. Total functional expenses rose by 492.5%, from $111K to $656K. In its most recent filing year (2023), Promise Neighborhood Of Central Minnesota reported a surplus of $38K, with revenue exceeding expenses. The organization holds $81K in liabilities against $270K in assets (debt-to-asset ratio: 29.9%), resulting in net assets of $189K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $694K | $656K | $270K | $81K | — | — |
| 2022 | $531K | $607K | $282K | $130K | — | View 990 |
| 2021 | $467K | $378K | $334K | $107K | — | View 990 |
| 2020 | $251K | $230K | $243K | $104K | — | — |
| 2019 | $281K | $192K | $162K | $44K | — | View 990 |
| 2018 | $182K | $160K | $78K | $49K | — | View 990 |
| 2017 | $109K | $112K | $73K | $66K | — | — |
| 2016 | $85K | $97K | $18K | $8K | — | View 990 |
| 2015 | $125K | $111K | $22K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $694K, expenses of $656K, and assets of $270K (revenue +30.6% year-over-year).
- 2022: Revenue of $531K, expenses of $607K, and assets of $282K (revenue +13.6% year-over-year).
- 2021: Revenue of $467K, expenses of $378K, and assets of $334K (revenue +86.0% year-over-year).
- 2020: Revenue of $251K, expenses of $230K, and assets of $243K (revenue -10.6% year-over-year).
- 2019: Revenue of $281K, expenses of $192K, and assets of $162K (revenue +54.7% year-over-year).
- 2018: Revenue of $182K, expenses of $160K, and assets of $78K (revenue +66.7% year-over-year).
- 2017: Revenue of $109K, expenses of $112K, and assets of $73K (revenue +27.7% year-over-year).
- 2016: Revenue of $85K, expenses of $97K, and assets of $18K (revenue -31.5% year-over-year).
- 2015: Revenue of $125K, expenses of $111K, and assets of $22K.
Data Sources and Methodology
This transparency report for Promise Neighborhood Of Central Minnesota 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.