The Promise Tour
The Promise Tour faces persistent operational deficits, with expenses consistently exceeding revenue in recent years.
EIN: 142012015 · Nashville, TN · NTEE: I23 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $233K |
| Total Expenses | $124K |
| Program Spending | 70% |
| Net Assets | $94K |
| Transparency Score | 45/100 |
Is The Promise Tour Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Promise Tour directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About The Promise Tour
The Promise Tour (EIN: 142012015) is a nonprofit organization based in Nashville, TN, classified under NTEE code I23. The organization reported total revenue of $233K and total assets of $131K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Promise Tour's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Promise Tour is a small nonprofit that has been operating for 18 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -5.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $50K |
| Total Expenses | $124K |
| Surplus / Deficit | $-74,131 |
| Total Assets | $98K |
| Total Liabilities | $4K |
| Net Assets | $94K |
| Operating Margin | -147.2% |
| Debt-to-Asset Ratio | 4.1% |
| Months of Reserves | 9.4 months |
Financial Health Grade: B
In 2023, The Promise Tour reported a deficit of $74K with expenses exceeding revenue, holds 9.4 months of operating reserves (strong position), has a debt-to-asset ratio of 4.1% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), The Promise Tour's revenue has declined at a compound annual growth rate (CAGR) of -5.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -41.1% | +5.8% | -41.7% |
| 2022 | +46.3% | +10.6% | -29.1% |
| 2021 | -18.3% | +24.6% | -0.1% |
| 2020 | -38.4% | -30.1% | -5.5% |
| 2019 | -14.9% | -6.0% | -2.3% |
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 The Promise Tour with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, The Promise Tour allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $74K, with expenses exceeding revenue.
- Debt-to-asset ratio: 4.1%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that no officers are receiving salaries from the organization, which is a positive for minimizing overhead in this area.
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 The Promise Tour's IRS 990 filings:
- Consistent operational deficits (e.g., 2023 expenses $124,475 vs. revenue $50,344)
- Declining asset base over recent years (from $271,581 in 2016 to $97,949 in 2023)
- Increasing liabilities in 2023 ($4,056) after several years of zero liabilities
Strengths
The following positive indicators were identified for The Promise Tour:
- Consistent 0% officer compensation reported across all filings, indicating no executive salaries.
- Extensive filing history with 13 IRS 990 filings, demonstrating transparency in reporting.
Frequently Asked Questions about The Promise Tour
Is The Promise Tour a legitimate charity?
The Promise Tour (EIN: 142012015) is a registered tax-exempt nonprofit based in Tennessee. Our AI analysis gives it a Mission Score of 45/100. It has 13 years of IRS 990 filings on record. Total revenue: $233K. 3 red flags identified. 2 strengths noted. Financial health grade: B.
How does The Promise Tour spend its money?
The Promise Tour directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to The Promise Tour tax-deductible?
The Promise Tour is registered as a tax-exempt nonprofit (EIN: 142012015). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of The Promise Tour's spending goes to programs?
The Promise Tour directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does The Promise Tour compare to similar nonprofits?
With a transparency score of 45/100 (Fair), The Promise Tour is near average for NTEE category I23 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is The Promise Tour located?
The Promise Tour is headquartered in Nashville, Tennessee and files with the IRS under EIN 142012015. It is classified under NTEE code I23.
How many years of IRS 990 filings does The Promise Tour have?
The Promise Tour 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 $233K in total revenue.
Is The Promise Tour financially sustainable?
Based on the provided data, The Promise Tour has consistently spent more than its revenue in recent years (e.g., 2023 expenses $124,475 vs. revenue $50,344), leading to declining assets. This trend suggests potential long-term sustainability challenges if not addressed.
What is the cause of the consistent operational deficits?
The provided data does not offer a detailed breakdown of expenses (program, administrative, fundraising), making it difficult to pinpoint the exact causes of the operational deficits. Further analysis of the full IRS 990 forms would be needed.
How has the organization's asset base changed over time?
The organization's assets have significantly declined from a peak of $271,581 in 2016 to $97,949 in 2023, indicating a draw-down of reserves likely to cover operational shortfalls.
Filing History
IRS 990 filing history for The Promise Tour showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), The Promise Tour's revenue has declined by 50.1%, moving from $101K to $50K. Total assets increased by 201.6% over the same period, from $32K to $98K. Total functional expenses rose by 65.7%, from $75K to $124K. In its most recent filing year (2023), The Promise Tour reported a deficit of $74K, with expenses exceeding revenue. The organization holds $4K in liabilities against $98K in assets (debt-to-asset ratio: 4.1%), resulting in net assets of $94K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $50K | $124K | $98K | $4K | — | — |
| 2022 | $86K | $118K | $168K | $116 | — | View 990 |
| 2021 | $58K | $106K | $237K | $0 | — | View 990 |
| 2020 | $72K | $85K | $237K | $0 | — | View 990 |
| 2019 | $116K | $122K | $251K | $0 | — | View 990 |
| 2018 | $137K | $130K | $257K | $0 | — | View 990 |
| 2017 | $125K | $147K | $250K | $0 | — | View 990 |
| 2016 | $155K | $98K | $272K | $0 | — | View 990 |
| 2015 | $136K | $76K | $230K | $16K | — | View 990 |
| 2014 | $117K | $69K | $170K | $16K | — | View 990 |
| 2013 | $120K | $74K | $122K | $16K | — | View 990 |
| 2012 | $114K | $70K | $76K | $16K | — | View 990 |
| 2011 | $101K | $75K | $32K | $16K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $50K, expenses of $124K, and assets of $98K (revenue -41.1% year-over-year).
- 2022: Revenue of $86K, expenses of $118K, and assets of $168K (revenue +46.3% year-over-year).
- 2021: Revenue of $58K, expenses of $106K, and assets of $237K (revenue -18.3% year-over-year).
- 2020: Revenue of $72K, expenses of $85K, and assets of $237K (revenue -38.4% year-over-year).
- 2019: Revenue of $116K, expenses of $122K, and assets of $251K (revenue -14.9% year-over-year).
- 2018: Revenue of $137K, expenses of $130K, and assets of $257K (revenue +9.1% year-over-year).
- 2017: Revenue of $125K, expenses of $147K, and assets of $250K (revenue -19.4% year-over-year).
- 2016: Revenue of $155K, expenses of $98K, and assets of $272K (revenue +14.3% year-over-year).
- 2015: Revenue of $136K, expenses of $76K, and assets of $230K (revenue +16.2% year-over-year).
- 2014: Revenue of $117K, expenses of $69K, and assets of $170K (revenue -2.8% year-over-year).
- 2013: Revenue of $120K, expenses of $74K, and assets of $122K (revenue +5.8% year-over-year).
- 2012: Revenue of $114K, expenses of $70K, and assets of $76K (revenue +12.8% year-over-year).
- 2011: Revenue of $101K, expenses of $75K, and assets of $32K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Promise Tour:
Data Sources and Methodology
This transparency report for The Promise Tour 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.