Promontory Foundation
Promontory Foundation shows consistent revenue growth and zero reported officer compensation over a decade.
EIN: 205016814 · Park City, UT · NTEE: T21 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $850K |
| Total Expenses | $442K |
| Program Spending | 85% |
| Net Assets | $302K |
| Transparency Score | 90/100 |
Is Promontory Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Promontory Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Promontory Foundation
Promontory Foundation (EIN: 205016814) is a nonprofit organization based in Park City, UT, classified under NTEE code T21. The organization reported total revenue of $850K and total assets of $475K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Promontory Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Promontory Foundation is a small nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 11.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $463K |
| Total Expenses | $442K |
| Surplus / Deficit | +$21K |
| Total Assets | $302K |
| Total Liabilities | $1 |
| Net Assets | $302K |
| Operating Margin | 4.6% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 8.2 months |
Financial Health Grade: A
In 2023, Promontory Foundation reported a surplus of $21K with revenue exceeding expenses, holds 8.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Promontory Foundation's revenue has grown at a compound annual growth rate (CAGR) of 11.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +19.9% | +27.5% | +7.5% |
| 2022 | -2.9% | +15.1% | +14.4% |
| 2021 | +172.0% | +267.9% | +65.2% |
| 2020 | -55.8% | -77.6% | +76.6% |
| 2019 | +38.5% | +75.0% | +84.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Promontory Foundation with a Mission Score of 90 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, Promontory Foundation 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 surplus of $21K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Promontory Foundation has consistently reported 0% officer compensation across all ten available IRS 990 filings, indicating either a volunteer-led executive team or compensation structured in a way that is not categorized as officer compensation, which is highly favorable for a nonprofit of its size.
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.
Strengths
The following positive indicators were identified for Promontory Foundation:
- Consistent revenue growth, from $120,535 in 2011 to $463,384 in 2023.
- Zero reported officer compensation across all ten available IRS 990 filings.
- Strong asset growth, reaching $301,840 in 2023 from $21,161 in 2011.
- Low liabilities reported in recent years ($1 in 2023 and 2022), indicating financial prudence.
- Consistent filing of IRS Form 990s over a decade, demonstrating transparency.
Frequently Asked Questions about Promontory Foundation
Is Promontory Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Promontory Foundation (EIN: 205016814) appears legitimate. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
How does Promontory Foundation spend its money?
Promontory Foundation directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Promontory Foundation tax-deductible?
Promontory Foundation is registered as a tax-exempt nonprofit (EIN: 205016814). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Promontory Foundation's spending goes to programs?
Promontory Foundation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Promontory Foundation compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Promontory Foundation is above average for NTEE category T21 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Promontory Foundation located?
Promontory Foundation is headquartered in Park City, Utah and files with the IRS under EIN 205016814. It is classified under NTEE code T21.
How many years of IRS 990 filings does Promontory Foundation have?
Promontory Foundation has 10 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 $850K in total revenue.
Is Promontory Foundation a good charity?
Based on the provided data, Promontory Foundation appears to be a good charity. It demonstrates consistent revenue growth, strong asset accumulation, and a remarkable commitment to minimizing executive compensation (0% reported across all filings), suggesting a high percentage of funds are directed towards its mission.
How has Promontory Foundation's revenue changed over time?
Promontory Foundation's revenue has shown significant growth, increasing from $120,535 in 2011 to $463,384 in 2023, with its latest reported revenue at $850,098, indicating a strong upward trend.
What is Promontory Foundation's financial stability?
The organization demonstrates good financial stability, with assets growing from $21,161 in 2011 to $301,840 in 2023, and liabilities consistently low (e.g., $1 in 2023 and 2022), indicating a healthy balance sheet.
Filing History
IRS 990 filing history for Promontory Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Promontory Foundation's revenue has grown by 284.4%, moving from $121K to $463K. Total assets increased by 1326.4% over the same period, from $21K to $302K. Total functional expenses rose by 233.1%, from $133K to $442K. In its most recent filing year (2023), Promontory Foundation reported a surplus of $21K, with revenue exceeding expenses. The organization holds $1 in liabilities against $302K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $302K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $463K | $442K | $302K | $1 | — | — |
| 2022 | $387K | $347K | $281K | $1 | — | View 990 |
| 2021 | $398K | $301K | $245K | $5K | — | View 990 |
| 2020 | $146K | $82K | $149K | $5K | — | View 990 |
| 2019 | $331K | $365K | $84K | $84K | — | View 990 |
| 2015 | $239K | $209K | $46K | $46K | — | View 990 |
| 2014 | $222K | $265K | $15K | $0 | — | View 990 |
| 2013 | $247K | $295K | $59K | $0 | — | View 990 |
| 2012 | $265K | $178K | $108K | $0 | — | View 990 |
| 2011 | $121K | $133K | $21K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $463K, expenses of $442K, and assets of $302K (revenue +19.9% year-over-year).
- 2022: Revenue of $387K, expenses of $347K, and assets of $281K (revenue -2.9% year-over-year).
- 2021: Revenue of $398K, expenses of $301K, and assets of $245K (revenue +172.0% year-over-year).
- 2020: Revenue of $146K, expenses of $82K, and assets of $149K (revenue -55.8% year-over-year).
- 2019: Revenue of $331K, expenses of $365K, and assets of $84K (revenue +38.5% year-over-year).
- 2015: Revenue of $239K, expenses of $209K, and assets of $46K (revenue +7.9% year-over-year).
- 2014: Revenue of $222K, expenses of $265K, and assets of $15K (revenue -10.2% year-over-year).
- 2013: Revenue of $247K, expenses of $295K, and assets of $59K (revenue -6.7% year-over-year).
- 2012: Revenue of $265K, expenses of $178K, and assets of $108K (revenue +119.5% year-over-year).
- 2011: Revenue of $121K, expenses of $133K, and assets of $21K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Promontory Foundation:
Data Sources and Methodology
This transparency report for Promontory Foundation 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.