Seacoast Family Promise
Seacoast Family Promise shows strong asset growth and no reported officer compensation over a decade.
EIN: 20529881 · Exeter, NH · NTEE: L41 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.0M |
| Total Expenses | $551K |
| Program Spending | 85% |
| Net Assets | $2.3M |
| Transparency Score | 90/100 |
Is Seacoast Family Promise Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Seacoast Family Promise directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Seacoast Family Promise
Seacoast Family Promise (EIN: 20529881) is a nonprofit organization based in Exeter, NH, classified under NTEE code L41. The organization reported total revenue of $1.0M and total assets of $2.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Seacoast Family Promise's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Seacoast Family Promise is a mid-size nonprofit that has been operating for 24 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 14.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $806K |
| Total Expenses | $551K |
| Surplus / Deficit | +$255K |
| Total Assets | $2.3M |
| Total Liabilities | $17K |
| Net Assets | $2.3M |
| Operating Margin | 31.6% |
| Debt-to-Asset Ratio | 0.8% |
| Months of Reserves | 49.5 months |
Financial Health Grade: A
In 2023, Seacoast Family Promise reported a surplus of $255K with revenue exceeding expenses, holds 49.5 months of operating reserves (strong position), has a debt-to-asset ratio of 0.8% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Seacoast Family Promise's revenue has grown at a compound annual growth rate (CAGR) of 14.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +48.6% | +5.5% | +11.1% |
| 2022 | -24.2% | +6.1% | +3.0% |
| 2021 | -38.1% | +52.5% | +12.8% |
| 2020 | +125.2% | +15.9% | +73.6% |
| 2019 | +12.5% | +9.6% | +28.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2002 |
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 Seacoast Family Promise 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, Seacoast Family Promise 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 $255K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.8%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, which is highly unusual for an organization of this size and suggests either a fully volunteer executive team or compensation structured in a way not reported as officer compensation on the 990.
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 Seacoast Family Promise's IRS 990 filings:
- Unusually consistent 0% officer compensation, which may warrant further investigation into compensation structures for key personnel.
Strengths
The following positive indicators were identified for Seacoast Family Promise:
- Strong and consistent asset growth, from $358,561 in 2014 to $2,273,210 in 2023.
- Positive net income in most recent years, indicating sound financial management (e.g., $255,020 in 2023).
- Very low liabilities relative to assets, suggesting a strong balance sheet.
- Consistent IRS 990 filing history over 13 periods, demonstrating transparency.
- No reported officer compensation, suggesting a high proportion of funds directly supporting the mission.
Frequently Asked Questions about Seacoast Family Promise
Is Seacoast Family Promise a legitimate charity?
Seacoast Family Promise (EIN: 20529881) is a registered tax-exempt nonprofit based in New Hampshire. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.0M. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does Seacoast Family Promise spend its money?
Seacoast Family Promise directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Seacoast Family Promise tax-deductible?
Seacoast Family Promise is registered as a tax-exempt nonprofit (EIN: 20529881). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Seacoast Family Promise's spending goes to programs?
Seacoast Family Promise directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Seacoast Family Promise compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Seacoast Family Promise is above average for NTEE category L41 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Seacoast Family Promise located?
Seacoast Family Promise is headquartered in Exeter, New Hampshire and files with the IRS under EIN 20529881. It is classified under NTEE code L41.
How many years of IRS 990 filings does Seacoast Family Promise have?
Seacoast Family Promise 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 $1.0M in total revenue.
How does Seacoast Family Promise manage to report 0% officer compensation consistently?
The IRS 990 filings for Seacoast Family Promise consistently show 0% officer compensation. This could indicate that executive leadership is entirely volunteer-based, or that compensation is structured differently (e.g., through a related entity or as general staff salaries) and not reported in the 'officer compensation' section of the 990. Further inquiry into their operational model would clarify this.
What is the primary driver of Seacoast Family Promise's significant asset growth?
Seacoast Family Promise has experienced substantial asset growth, from $358,561 in 2014 to $2,273,210 in 2023. This growth is likely driven by consistent revenue generation exceeding expenses in most years (e.g., $255,020 net income in 2023) and potentially significant capital contributions or investments, aligning with their mission of providing transitional housing.
Is Seacoast Family Promise financially sustainable given its revenue and expense trends?
Yes, Seacoast Family Promise appears financially sustainable. The organization has consistently generated more revenue than expenses in most recent years (e.g., $806,217 revenue vs. $551,197 expenses in 2023), leading to healthy net assets. This trend, coupled with growing assets and low liabilities, indicates a strong capacity for long-term operation.
Filing History
IRS 990 filing history for Seacoast Family Promise showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Seacoast Family Promise's revenue has grown by 417.2%, moving from $156K to $806K. Total assets increased by 3646% over the same period, from $61K to $2.3M. Total functional expenses rose by 297.4%, from $139K to $551K. In its most recent filing year (2023), Seacoast Family Promise reported a surplus of $255K, with revenue exceeding expenses. The organization holds $17K in liabilities against $2.3M in assets (debt-to-asset ratio: 0.8%), resulting in net assets of $2.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $806K | $551K | $2.3M | $17K | — | — |
| 2022 | $543K | $523K | $2.0M | $49K | — | View 990 |
| 2021 | $716K | $493K | $2.0M | $10K | — | View 990 |
| 2020 | $1.2M | $323K | $1.8M | $7K | — | View 990 |
| 2019 | $513K | $279K | $1.0M | $92K | — | View 990 |
| 2018 | $456K | $254K | $788K | $100K | — | View 990 |
| 2017 | $297K | $325K | $595K | $108K | — | View 990 |
| 2016 | $289K | $223K | $671K | $156K | — | View 990 |
| 2015 | $287K | $195K | $451K | $1K | — | View 990 |
| 2014 | $376K | $178K | $359K | $1K | — | View 990 |
| 2013 | $206K | $151K | $163K | $3K | — | View 990 |
| 2012 | $187K | $141K | $106K | $1K | — | View 990 |
| 2011 | $156K | $139K | $61K | $3K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $806K, expenses of $551K, and assets of $2.3M (revenue +48.6% year-over-year).
- 2022: Revenue of $543K, expenses of $523K, and assets of $2.0M (revenue -24.2% year-over-year).
- 2021: Revenue of $716K, expenses of $493K, and assets of $2.0M (revenue -38.1% year-over-year).
- 2020: Revenue of $1.2M, expenses of $323K, and assets of $1.8M (revenue +125.2% year-over-year).
- 2019: Revenue of $513K, expenses of $279K, and assets of $1.0M (revenue +12.5% year-over-year).
- 2018: Revenue of $456K, expenses of $254K, and assets of $788K (revenue +53.2% year-over-year).
- 2017: Revenue of $297K, expenses of $325K, and assets of $595K (revenue +2.9% year-over-year).
- 2016: Revenue of $289K, expenses of $223K, and assets of $671K (revenue +0.8% year-over-year).
- 2015: Revenue of $287K, expenses of $195K, and assets of $451K (revenue -23.8% year-over-year).
- 2014: Revenue of $376K, expenses of $178K, and assets of $359K (revenue +82.3% year-over-year).
- 2013: Revenue of $206K, expenses of $151K, and assets of $163K (revenue +10.2% year-over-year).
- 2012: Revenue of $187K, expenses of $141K, and assets of $106K (revenue +20.2% year-over-year).
- 2011: Revenue of $156K, expenses of $139K, and assets of $61K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Seacoast Family Promise:
Data Sources and Methodology
This transparency report for Seacoast Family Promise 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.