Book Of Mormon Central
Book Of Mormon Central shows strong revenue growth and asset accumulation with no reported officer compensation.
EIN: 205294264 · American Fork, UT · NTEE: X99 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $8.7M |
| Total Expenses | $5.9M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $8,686,590. |
| Net Assets | $4.7M |
| Transparency Score | 90/100 |
Is Book Of Mormon Central Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Book Of Mormon Central directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Book Of Mormon Central
Book Of Mormon Central (EIN: 205294264) is a nonprofit organization based in American Fork, UT, classified under NTEE code X99. The organization reported total revenue of $8.7M and total assets of $6.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Book Of Mormon Central's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Book Of Mormon Central is a mid-size nonprofit that has been operating for 12 years, with 8 years of IRS 990 filings on record (2016–2023). Revenue has grown at a compound annual rate of 34.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.4M |
| Total Expenses | $5.9M |
| Surplus / Deficit | $-554,381 |
| Total Assets | $5.1M |
| Total Liabilities | $377K |
| Net Assets | $4.7M |
| Operating Margin | -10.3% |
| Debt-to-Asset Ratio | 7.4% |
| Months of Reserves | 10.4 months |
Financial Health Grade: B
In 2023, Book Of Mormon Central reported a deficit of $554K with expenses exceeding revenue, holds 10.4 months of operating reserves (strong position), has a debt-to-asset ratio of 7.4% (very low leverage).
Financial Trends
Over 8 years of filings (2016–2023), Book Of Mormon Central's revenue has grown at a compound annual growth rate (CAGR) of 34.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -10.8% | +74.4% | -9.1% |
| 2022 | +84.7% | +19.0% | +96.3% |
| 2021 | +22.1% | +39.4% | +222.5% |
| 2020 | +72.9% | +5.1% | +217.6% |
| 2019 | +6.0% | +21.0% | -52.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7200 |
| IRS Ruling Date | 2014 |
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 Book Of Mormon Central with a Mission Score of 90 out of 100 (Excellent). 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, Book Of Mormon Central 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $554K, with expenses exceeding revenue.
- Debt-to-asset ratio: 7.4%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization, which is highly unusual for an organization of its size with latest revenue of $8,686,590.
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 Book Of Mormon Central's IRS 990 filings:
- Expenses exceeded revenue in the most recent 202312 filing period, indicating a potential deficit for that year.
Strengths
The following positive indicators were identified for Book Of Mormon Central:
- Exceptional revenue growth from $663,703 in 2016 to $8,686,590 in the latest period.
- Consistent asset growth, reaching $6,486,065, demonstrating strong financial stability.
- Zero reported officer compensation across all filings, indicating high efficiency and dedication of resources to mission.
- Positive net assets in almost all reporting periods, showing responsible financial management.
- Strong program focus implied by the lack of executive compensation, suggesting funds are directed to mission-related activities.
Frequently Asked Questions about Book Of Mormon Central
Is Book Of Mormon Central a legitimate charity?
Based on AI analysis of IRS 990 filings, Book Of Mormon Central (EIN: 205294264) some concerns. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.
How does Book Of Mormon Central spend its money?
Book Of Mormon Central directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Book Of Mormon Central tax-deductible?
Book Of Mormon Central is registered as a tax-exempt nonprofit (EIN: 205294264). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Book Of Mormon Central CEO make?
Book Of Mormon Central's highest-compensated officer earns $8,686,590. annually. The organization reported $8.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Book Of Mormon Central's spending goes to programs?
Book Of Mormon Central directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Book Of Mormon Central compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Book Of Mormon Central is above average for NTEE category X99 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Book Of Mormon Central located?
Book Of Mormon Central is headquartered in American Fork, Utah and files with the IRS under EIN 205294264. It is classified under NTEE code X99.
How many years of IRS 990 filings does Book Of Mormon Central have?
Book Of Mormon Central has 8 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 $8.7M in total revenue.
Is Book Of Mormon Central a good charity?
Based on its strong revenue growth, significant asset accumulation, and consistent reporting of 0% officer compensation, Book Of Mormon Central appears to be a financially healthy and transparent organization. The consistent growth and low administrative overhead (implied by 0% officer compensation) suggest effective use of funds towards its mission.
Why did expenses exceed revenue in the 202312 period?
In the 202312 period, expenses ($5,912,340) exceeded revenue ($5,357,959). This could be due to strategic investments in programs, one-time capital expenditures, or a temporary increase in operational costs. Further detailed financial statements would be needed to understand the specific reasons for this deficit.
How does Book Of Mormon Central manage to have 0% officer compensation?
The consistent reporting of 0% officer compensation across all filings suggests that officers may be volunteers, compensated by a related entity, or that their compensation is structured in a way that is not reported as direct officer compensation on the 990 form. This is a significant point of transparency and efficiency.
Filing History
IRS 990 filing history for Book Of Mormon Central showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2016–2023), Book Of Mormon Central's revenue has grown by 707.3%, moving from $664K to $5.4M. Total assets increased by 913.2% over the same period, from $504K to $5.1M. Total functional expenses rose by 2395.9%, from $237K to $5.9M. In its most recent filing year (2023), Book Of Mormon Central reported a deficit of $554K, with expenses exceeding revenue. The organization holds $377K in liabilities against $5.1M in assets (debt-to-asset ratio: 7.4%), resulting in net assets of $4.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $5.4M | $5.9M | $5.1M | $377K | — | — |
| 2022 | $6.0M | $3.4M | $5.6M | $337K | — | View 990 |
| 2021 | $3.3M | $2.8M | $2.9M | $195K | — | View 990 |
| 2020 | $2.7M | $2.0M | $889K | $202K | — | View 990 |
| 2019 | $1.5M | $1.9M | $280K | $214K | — | View 990 |
| 2018 | $1.5M | $1.6M | $588K | $119K | — | View 990 |
| 2017 | $1.6M | $1.4M | $737K | $115K | — | — |
| 2016 | $664K | $237K | $504K | $84K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $5.4M, expenses of $5.9M, and assets of $5.1M (revenue -10.8% year-over-year).
- 2022: Revenue of $6.0M, expenses of $3.4M, and assets of $5.6M (revenue +84.7% year-over-year).
- 2021: Revenue of $3.3M, expenses of $2.8M, and assets of $2.9M (revenue +22.1% year-over-year).
- 2020: Revenue of $2.7M, expenses of $2.0M, and assets of $889K (revenue +72.9% year-over-year).
- 2019: Revenue of $1.5M, expenses of $1.9M, and assets of $280K (revenue +6.0% year-over-year).
- 2018: Revenue of $1.5M, expenses of $1.6M, and assets of $588K (revenue -6.4% year-over-year).
- 2017: Revenue of $1.6M, expenses of $1.4M, and assets of $737K (revenue +133.9% year-over-year).
- 2016: Revenue of $664K, expenses of $237K, and assets of $504K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Book Of Mormon Central:
Data Sources and Methodology
This transparency report for Book Of Mormon Central 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.