Bethel Faith Korean Church Inc
EIN: 452712404 · Auburn, GA
| Metric | Value |
|---|---|
| Total Revenue | $766K |
| Total Expenses | $434K |
| Net Assets | $549K |
Is Bethel Faith Korean Church Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Bethel Faith Korean Church Inc
Bethel Faith Korean Church Inc (EIN: 452712404) is a nonprofit organization based in Auburn, GA. The organization reported total revenue of $766K and total assets of $2.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bethel Faith Korean Church Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bethel Faith Korean Church Inc is a small nonprofit that has been operating for 62 years, with 4 years of IRS 990 filings on record (2014–2023). Revenue has grown at a compound annual rate of 21.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $569K |
| Total Expenses | $434K |
| Surplus / Deficit | +$135K |
| Total Assets | $649K |
| Total Liabilities | $99K |
| Net Assets | $549K |
| Operating Margin | 23.8% |
| Debt-to-Asset Ratio | 15.3% |
| Months of Reserves | 17.9 months |
Financial Health Grade: A
In 2023, Bethel Faith Korean Church Inc reported a surplus of $135K with revenue exceeding expenses, holds 17.9 months of operating reserves (strong position), has a debt-to-asset ratio of 15.3% (very low leverage).
Financial Trends
Over 4 years of filings (2014–2023), Bethel Faith Korean Church Inc's revenue has grown at a compound annual growth rate (CAGR) of 21.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +56.2% | +50.2% | +28.9% |
| 2022 | -4.5% | +28.2% | +18.9% |
| 2021 | +295.3% | +140.3% | +515.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 1964 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Bethel Faith Korean Church Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Bethel Faith Korean Church Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $135K, with revenue exceeding expenses.
- Debt-to-asset ratio: 15.3%.
Frequently Asked Questions about Bethel Faith Korean Church Inc
Is Bethel Faith Korean Church Inc a legitimate charity?
Bethel Faith Korean Church Inc (EIN: 452712404) is a registered tax-exempt nonprofit based in Georgia. It has 4 years of IRS 990 filings on record. Total revenue: $766K. No red flags identified. Financial health grade: A.
How does Bethel Faith Korean Church Inc spend its money?
Bethel Faith Korean Church Inc reported $766K in total revenue in IRS 990 filings. 4 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Bethel Faith Korean Church Inc tax-deductible?
Bethel Faith Korean Church Inc is registered as a tax-exempt nonprofit (EIN: 452712404). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Bethel Faith Korean Church Inc located?
Bethel Faith Korean Church Inc is headquartered in Auburn, Georgia and files with the IRS under EIN 452712404.
How many years of IRS 990 filings does Bethel Faith Korean Church Inc have?
Bethel Faith Korean Church Inc has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $766K in total revenue.
Filing History
IRS 990 filing history for Bethel Faith Korean Church Inc showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2014–2023), Bethel Faith Korean Church Inc's revenue has grown by 489.8%, moving from $97K to $569K. Total assets increased by 842.8% over the same period, from $69K to $649K. Total functional expenses rose by 362.4%, from $94K to $434K. In its most recent filing year (2023), Bethel Faith Korean Church Inc reported a surplus of $135K, with revenue exceeding expenses. The organization holds $99K in liabilities against $649K in assets (debt-to-asset ratio: 15.3%), resulting in net assets of $549K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $569K | $434K | $649K | $99K | — | View 990 |
| 2022 | $364K | $289K | $503K | $90K | — | View 990 |
| 2021 | $381K | $225K | $423K | $0 | — | View 990 |
| 2014 | $97K | $94K | $69K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $569K, expenses of $434K, and assets of $649K (revenue +56.2% year-over-year).
- 2022: Revenue of $364K, expenses of $289K, and assets of $503K (revenue -4.5% year-over-year).
- 2021: Revenue of $381K, expenses of $225K, and assets of $423K (revenue +295.3% year-over-year).
- 2014: Revenue of $97K, expenses of $94K, and assets of $69K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bethel Faith Korean Church Inc:
Data Sources and Methodology
This transparency report for Bethel Faith Korean Church 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.