L โ€” Housing & ShelterEIN: 920664200ยท Ruling Year: 2023

Promise A New Way Inc

Ft Lauderdale, Florida

FHealth Score
21F

Financial Health Score

Provisional

9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.

Critical

๐Ÿ’ฐ
$72K
Total Revenue
๐Ÿ“Š
$70K
Total Expenses
๐Ÿฆ
$2K
Net Assets
๐Ÿ“‹
$61K
Total Liabilities

Financial Health Indicators

Net Margin
+2.7%
Revenue minus expenses as % of revenue
Working Capital Ratio
0.03
Net assets divided by total expenses
Liabilities-to-Assets
96.9%
Total liabilities as % of total assets

Filing History

1 filings on record
YearRevenueExpensesAssets
2023$72,085$70,125$62,504

Frequently Asked Questions

What does Promise A New Way Inc do?โ–ผ

Promise A New Way Inc is a housing & shelter nonprofit organization based in Florida. It is classified under NTEE code L99 and is registered as a 501(c) tax-exempt organization with the IRS.

Is Promise A New Way Inc financially healthy?โ–ผ

Based on our 9-metric Financial Health Score model, Promise A New Way Inc has a score of 21/100 (Grade: F). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.

How much revenue does Promise A New Way Inc generate?โ–ผ

Promise A New Way Inc reports $2.6M in annual revenue and holds $54K in total assets, based on IRS filings.

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Promise A New Way Inc โ€” Ft Lauderdale, FL | GiveScope