Quick charity verification for Truth Tabernacle Of Praise (EIN: 202446420)
Verdict: Truth Tabernacle Of Praise appears trustworthy
85/100Mission Score
$282KRevenue
$494KAssets
2Red Flags
5Strengths
Red Flags
Lack of detailed expense breakdown (program vs. admin vs. fundraising) makes precise efficiency assessment difficult.
Unusually consistent 0% officer compensation for an organization of this size, which might warrant further inquiry into how leadership is supported.
Strengths
Consistent financial stability with revenues generally exceeding expenses.
Very low to zero liabilities in recent years, indicating strong financial health.
No reported officer compensation, suggesting a high dedication of funds to the mission.
Healthy asset base relative to annual revenue, providing financial resilience.
Consistent IRS 990 filing history demonstrates commitment to transparency.
Spending Breakdown
How Truth Tabernacle Of Praise allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
0%
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 Truth Tabernacle Of Praise
Is Truth Tabernacle Of Praise a legitimate charity?
Based on AI analysis of IRS 990 filings, Truth Tabernacle Of Praise (EIN: 202446420) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 5 strengths noted.
Is Truth Tabernacle Of Praise a good charity to donate to?
Truth Tabernacle Of Praise has a Mission Score of 85/100. Revenue: $282K. Assets: $494K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Truth Tabernacle Of Praise?
The Employer Identification Number (EIN) for Truth Tabernacle Of Praise is 202446420. 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 Truth Tabernacle Of Praise spend its money?
Truth Tabernacle Of Praise allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Truth Tabernacle Of Praise's tax-exempt status?
You can verify Truth Tabernacle Of Praise's tax-exempt status using EIN 202446420 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
Truth Tabernacle Of Praise demonstrates consistent financial activity, with revenues generally exceeding expenses over the past decade. For instance, in 2023, revenue was $305,261 against expenses of $304,262, indicating a near break-even operation. The organization maintains a healthy asset base, reported at $509,647 in 2023, with liabilities consistently low or zero in recent years, such as $0 in 2023 and $302 in 2022. This suggests strong financial solvency and responsible management of its resources.
The organization's spending efficiency appears to be focused on its mission, as indicated by the absence of reported officer compensation across all available filings, which is a positive sign for donor confidence. While specific program spending percentages are not detailed in the provided data, the overall financial stability and minimal liabilities suggest that resources are being managed effectively. The consistent filing of IRS 990 forms over 14 periods also points to a commitment to transparency.
However, without a detailed breakdown of expenses into program, administrative, and fundraising categories, a precise assessment of spending efficiency is challenging. The NTEE code X21 (Religious Organizations) often implies a different operational structure where a significant portion of expenses might be considered programmatic by nature, even if not explicitly categorized as such in standard financial reporting. The lack of reported officer compensation is a notable strength, indicating that a substantial portion of funds is not diverted to executive salaries.