1928 Prayer Book Alliance Inc

1928 Prayer Book Alliance Inc. consistently operates near break-even with volunteer leadership and minimal assets.

EIN: 10629229 · Wells, ME · NTEE: X21 · Updated: 2026-03-28

$130KRevenue

$14KAssets

75/100Mission Score (Good)

X21

About 1928 Prayer Book Alliance Inc

1928 Prayer Book Alliance Inc (EIN: 10629229) is a nonprofit organization based in Wells, ME, classified under NTEE code X21. The organization reported total revenue of $130K and total assets of $14K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of 1928 Prayer Book Alliance Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The 1928 Prayer Book Alliance Inc. demonstrates consistent financial activity, with revenues and expenses hovering around $120,000-$130,000 annually over the past decade. The organization maintains a very lean financial profile, as evidenced by its modest assets of $13,704 in the latest period and zero liabilities across all reported years. This indicates a pay-as-you-go operational model with no reliance on debt.

While specific program spending details are not provided in the summary data, the absence of officer compensation (0% in all reported periods) suggests a volunteer-driven leadership, which can be a positive indicator of efficiency. However, the organization has frequently operated at a deficit, with expenses exceeding revenue in 7 out of 10 reported years, including the latest period where expenses ($129,859) slightly surpassed revenue ($129,244). This trend, while not immediately critical given the small scale and zero liabilities, warrants attention to ensure long-term sustainability.

Overall, the organization appears transparent in its financial reporting, consistently filing its 990s with clear asset and liability figures. Its financial health is stable but not robust, operating on a tight margin with minimal reserves. The lack of executive compensation is a strong point for efficiency, but the recurring operational deficits suggest a need for either increased fundraising or tighter expense management to build a stronger financial foundation.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates 1928 Prayer Book Alliance Inc with a Mission Score of 75 out of 100 (Good). 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, 1928 Prayer Book Alliance Inc 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.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, indicating a volunteer-led organization. This significantly reduces administrative overhead and suggests a high dedication from its leadership.

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 1928 Prayer Book Alliance Inc's IRS 990 filings:

Frequent operational deficits (7 out of 10 years)
Minimal asset reserves relative to annual expenses

Strengths

The following positive indicators were identified for 1928 Prayer Book Alliance Inc:

Zero officer compensation, indicating volunteer leadership
No reported liabilities, demonstrating fiscal prudence
Consistent revenue generation over a decade
Transparent financial reporting via consistent 990 filings

Frequently Asked Questions about 1928 Prayer Book Alliance Inc

Is 1928 Prayer Book Alliance Inc. a good charity?

Based on the available data, the organization appears to be a fiscally responsible, volunteer-led charity with no debt. Its consistent operation and lack of officer compensation are positive. However, it frequently runs small deficits, which could impact long-term stability if not addressed.

How does the organization manage its expenses relative to its revenue?

The organization frequently spends slightly more than it brings in, with expenses exceeding revenue in 7 out of 10 reported years. For example, in 2019, expenses were $129,859 against revenues of $129,244. This indicates a tight operational margin.

What is the financial stability of the 1928 Prayer Book Alliance Inc.?

The organization has minimal financial reserves, with assets of $13,704 in the latest period and no liabilities. While this indicates no debt burden, it also means there's little buffer for unexpected expenses or downturns in revenue.

Filing History

IRS 990 filing history for 1928 Prayer Book Alliance Inc showing financial trends over 10 years of public records:

Over 10 years of IRS 990 filings (2010–2019), 1928 Prayer Book Alliance Inc's revenue has grown by 8.5%, moving from $119K to $129K. Total assets decreased by 75.7% over the same period, from $56K to $14K. Total functional expenses fell by 4.4%, from $136K to $130K. In its most recent filing year (2019), 1928 Prayer Book Alliance Inc reported a deficit of $615, with expenses exceeding revenue.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2019	$129K	$130K	$14K	$0	—	View 990
2018	$121K	$121K	$14K	$0	—	View 990
2017	$123K	$123K	$14K	$0	—	View 990
2016	$122K	$121K	$14K	$0	—	View 990
2015	$117K	$138K	$14K	$0	—	View 990
2014	$124K	$134K	$34K	$0	—	View 990
2013	$118K	$148K	$44K	$0	—	View 990
2012	$130K	$125K	$74K	$0	—	View 990
2011	$118K	$106K	$69K	$0	—	View 990
2010	$119K	$136K	$56K	$0	—	View 990

Year-by-Year Financial Summary

2019: Revenue of $129K, expenses of $130K, and assets of $14K (revenue +6.4% year-over-year).
2018: Revenue of $121K, expenses of $121K, and assets of $14K (revenue -1.1% year-over-year).
2017: Revenue of $123K, expenses of $123K, and assets of $14K (revenue +0.6% year-over-year).
2016: Revenue of $122K, expenses of $121K, and assets of $14K (revenue +4.2% year-over-year).
2015: Revenue of $117K, expenses of $138K, and assets of $14K (revenue -5.7% year-over-year).
2014: Revenue of $124K, expenses of $134K, and assets of $34K (revenue +4.9% year-over-year).
2013: Revenue of $118K, expenses of $148K, and assets of $44K (revenue -8.9% year-over-year).
2012: Revenue of $130K, expenses of $125K, and assets of $74K (revenue +10.0% year-over-year).
2011: Revenue of $118K, expenses of $106K, and assets of $69K (revenue -0.8% year-over-year).
2010: Revenue of $119K, expenses of $136K, and assets of $56K.

Data Sources and Methodology

This transparency report for 1928 Prayer Book Alliance Inc 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.