Blue Lick Holiness Church Inc
Small church maintains zero liabilities and volunteer leadership amidst fluctuating revenues and declining assets.
EIN: 204775304 · Richmond, KY · NTEE: X21 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $17K |
| Total Expenses | $26K |
| Program Spending | 100% |
| Net Assets | $47K |
| Transparency Score | 75/100 |
Is Blue Lick Holiness Church Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Blue Lick Holiness Church Inc directs 100% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Blue Lick Holiness Church Inc
Blue Lick Holiness Church Inc (EIN: 204775304) is a nonprofit organization based in Richmond, KY, classified under NTEE code X21. The organization reported total revenue of $17K and total assets of $40K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Blue Lick Holiness Church Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Blue Lick Holiness Church Inc is a micro nonprofit that has been operating for 20 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -5.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $12K |
| Total Expenses | $26K |
| Surplus / Deficit | $-14,593 |
| Total Assets | $47K |
| Net Assets | $47K |
| Operating Margin | -122.8% |
| Months of Reserves | 21.3 months |
Financial Health Grade: B
In 2023, Blue Lick Holiness Church Inc reported a deficit of $15K with expenses exceeding revenue, holds 21.3 months of operating reserves (strong position).
Financial Trends
Over 12 years of filings (2011–2023), Blue Lick Holiness Church Inc's revenue has declined at a compound annual growth rate (CAGR) of -5.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -19.4% | +50.9% | -45.1% |
| 2021 | -33.1% | +0.1% | -3.2% |
| 2020 | +0.7% | -26.2% | +5.3% |
| 2019 | +13.8% | +20.4% | -2.2% |
| 2018 | -11.1% | -4.6% | -2.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Blue Lick Holiness Church 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: 0%
- programs: 100%
- fundraising: 0%
According to IRS 990 filings, Blue Lick Holiness Church Inc allocates its expenses as follows: admin: 0%, programs: 100%, fundraising: 0%. With 100% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $15K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all filings, indicating that the organization's leadership is entirely volunteer-based, which is common for small religious organizations and reflects a commitment to minimizing overhead.
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 Blue Lick Holiness Church Inc's IRS 990 filings:
- Significant decline in assets over time (from $95,721 in 2015 to $39,942 currently)
- Expenses occasionally exceed revenue (e.g., 2023 expenses of $26,480 vs. revenue of $11,887), indicating reliance on reserves.
Strengths
The following positive indicators were identified for Blue Lick Holiness Church Inc:
- Consistent reporting of zero liabilities, indicating strong financial solvency.
- Zero officer compensation across all filings, demonstrating volunteer leadership and low administrative overhead.
- Consistent IRS 990-N filings, indicating basic compliance and transparency for a small organization.
Frequently Asked Questions about Blue Lick Holiness Church Inc
Is Blue Lick Holiness Church Inc a legitimate charity?
Blue Lick Holiness Church Inc (EIN: 204775304) is a registered tax-exempt nonprofit based in Kentucky. Our AI analysis gives it a Mission Score of 75/100. It has 12 years of IRS 990 filings on record. Total revenue: $17K. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Blue Lick Holiness Church Inc spend its money?
Blue Lick Holiness Church Inc directs 100% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Blue Lick Holiness Church Inc tax-deductible?
Blue Lick Holiness Church Inc is registered as a tax-exempt nonprofit (EIN: 204775304). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Blue Lick Holiness Church Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Blue Lick Holiness Church Inc is above average for NTEE category X21 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Blue Lick Holiness Church Inc located?
Blue Lick Holiness Church Inc is headquartered in Richmond, Kentucky and files with the IRS under EIN 204775304. It is classified under NTEE code X21.
How many years of IRS 990 filings does Blue Lick Holiness Church Inc have?
Blue Lick Holiness Church Inc has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $17K in total revenue.
What caused the significant decline in assets from $95,721 in 2015 to $39,942 currently?
The available IRS 990-N filings do not provide detailed financial statements to explain the asset decline. It could be due to capital expenditures, investment losses, or a strategic decision to reduce reserves, but without a full 990-EZ or 990, the specific reasons are unclear.
How does Blue Lick Holiness Church Inc cover expenses when they exceed revenue, such as in 2023?
When expenses ($26,480) exceed revenue ($11,887), the organization likely draws upon its accumulated assets or prior year surpluses. Given the consistent reporting of zero liabilities, it does not appear to be through debt.
What is the primary source of revenue for the organization?
As a church, the primary source of revenue is typically contributions, gifts, grants, and similar amounts. However, the 990-N filings do not provide a breakdown of revenue sources.
Filing History
IRS 990 filing history for Blue Lick Holiness Church Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Blue Lick Holiness Church Inc's revenue has declined by 49.1%, moving from $23K to $12K. Total assets decreased by 19.9% over the same period, from $59K to $47K. Total functional expenses rose by 63.9%, from $16K to $26K. In its most recent filing year (2023), Blue Lick Holiness Church Inc reported a deficit of $15K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $12K | $26K | $47K | $0 | — | — |
| 2021 | $15K | $18K | $86K | $0 | — | — |
| 2020 | $22K | $18K | $89K | $0 | — | View 990 |
| 2019 | $22K | $24K | $84K | $0 | — | View 990 |
| 2018 | $19K | $20K | $86K | $0 | — | View 990 |
| 2017 | $22K | $21K | $88K | $2K | — | View 990 |
| 2016 | $34K | $34K | $92K | $7K | — | View 990 |
| 2015 | $32K | $25K | $96K | $10K | — | View 990 |
| 2014 | $23K | $22K | $93K | $14K | — | View 990 |
| 2013 | $26K | $14K | $94K | $17K | — | View 990 |
| 2012 | $16K | $10K | $65K | $0 | — | View 990 |
| 2011 | $23K | $16K | $59K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $12K, expenses of $26K, and assets of $47K (revenue -19.4% year-over-year).
- 2021: Revenue of $15K, expenses of $18K, and assets of $86K (revenue -33.1% year-over-year).
- 2020: Revenue of $22K, expenses of $18K, and assets of $89K (revenue +0.7% year-over-year).
- 2019: Revenue of $22K, expenses of $24K, and assets of $84K (revenue +13.8% year-over-year).
- 2018: Revenue of $19K, expenses of $20K, and assets of $86K (revenue -11.1% year-over-year).
- 2017: Revenue of $22K, expenses of $21K, and assets of $88K (revenue -36.7% year-over-year).
- 2016: Revenue of $34K, expenses of $34K, and assets of $92K (revenue +7.5% year-over-year).
- 2015: Revenue of $32K, expenses of $25K, and assets of $96K (revenue +36.0% year-over-year).
- 2014: Revenue of $23K, expenses of $22K, and assets of $93K (revenue -9.2% year-over-year).
- 2013: Revenue of $26K, expenses of $14K, and assets of $94K (revenue +57.7% year-over-year).
- 2012: Revenue of $16K, expenses of $10K, and assets of $65K (revenue -30.1% year-over-year).
- 2011: Revenue of $23K, expenses of $16K, and assets of $59K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Blue Lick Holiness Church Inc:
Data Sources and Methodology
This transparency report for Blue Lick Holiness 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.