Quick charity verification for Praise Nation Worship Center Inc (EIN: 204131693)
Verdict: Praise Nation Worship Center Inc appears trustworthy
85/100Mission Score
$95KRevenue
$124KAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent asset growth from $33,307 in 2021 to $86,539 in 2023.
Zero reported liabilities across all filings, indicating strong financial stability.
0% officer compensation, suggesting a volunteer-led model and high operational efficiency.
Expenses consistently lower than revenue, allowing for reinvestment and asset accumulation.
Positive net income in all reported periods.
Spending Breakdown
How Praise Nation Worship Center Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
7%
Admin Costs
Reasonable — admin costs in check
3%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Praise Nation Worship Center Inc
Is Praise Nation Worship Center Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Praise Nation Worship Center Inc (EIN: 204131693) appears trustworthy. Mission Score: 85/100. 0 red flags identified, 5 strengths noted.
Is Praise Nation Worship Center Inc a good charity to donate to?
Praise Nation Worship Center Inc has a Mission Score of 85/100. Revenue: $95K. Assets: $124K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Praise Nation Worship Center Inc?
The Employer Identification Number (EIN) for Praise Nation Worship Center Inc is 204131693. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Praise Nation Worship Center Inc spend its money?
Praise Nation Worship Center Inc allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Praise Nation Worship Center Inc's tax-exempt status?
You can verify Praise Nation Worship Center Inc's tax-exempt status using EIN 204131693 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Praise Nation Worship Center Inc demonstrates consistent financial health with growing assets and no reported liabilities across its three latest filings. The organization's revenue has fluctuated, peaking at $92,386 in 2022 and most recently reported at $56,873 for the period ending 202312. Expenses have remained relatively stable, indicating prudent management of resources. The absence of officer compensation reported in all filings suggests a volunteer-driven leadership model, which can contribute to higher program spending efficiency.
The organization's spending efficiency appears strong, with expenses consistently lower than revenue, allowing for asset growth from $33,307 in 2021 to $86,539 in 2023. This positive financial trend, coupled with zero liabilities, indicates a stable and well-managed financial position. The lack of reported officer compensation is a significant factor in its operational efficiency, as it frees up more funds for its mission.
Transparency is generally good, as evidenced by the availability of its 990 filings. The consistent reporting of zero liabilities and zero officer compensation provides clear insights into its financial structure and operational model. While specific program spending details are not provided in the summary data, the overall financial health and lack of executive compensation suggest a focus on its mission.