Faith Prayer & Tract League
EIN: 381580500 · Grand Rapids, MI · NTEE: X20Z
| Metric | Value |
|---|---|
| Total Revenue | $567K |
| Total Expenses | $403K |
| Net Assets | $226K |
Is Faith Prayer & Tract League Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Faith Prayer & Tract League
Faith Prayer & Tract League (EIN: 381580500) is a nonprofit organization based in Grand Rapids, MI, classified under NTEE code X20Z. The organization reported total revenue of $567K and total assets of $235K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Faith Prayer & Tract League's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Faith Prayer & Tract League is a small nonprofit that has been operating for 41 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -3.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $248K |
| Total Expenses | $403K |
| Surplus / Deficit | $-154,909 |
| Total Assets | $227K |
| Total Liabilities | $425 |
| Net Assets | $226K |
| Operating Margin | -62.4% |
| Debt-to-Asset Ratio | 0.2% |
| Months of Reserves | 6.7 months |
Financial Health Grade: B
In 2023, Faith Prayer & Tract League reported a deficit of $155K with expenses exceeding revenue, holds 6.7 months of operating reserves (strong position), has a debt-to-asset ratio of 0.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Faith Prayer & Tract League's revenue has declined at a compound annual growth rate (CAGR) of -3.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -55.6% | -54.3% | -40.6% |
| 2022 | +43.4% | +101.9% | -45.9% |
| 2021 | -52.6% | +30.8% | -6.3% |
| 2020 | +209.7% | -8.5% | +180.5% |
| 2019 | -9.2% | -7.0% | -27.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1985 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Faith Prayer & Tract League 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 Faith Prayer & Tract League 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 deficit of $155K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.2%.
Frequently Asked Questions about Faith Prayer & Tract League
Is Faith Prayer & Tract League a legitimate charity?
Based on AI analysis of IRS 990 filings, Faith Prayer & Tract League (EIN: 381580500) insufficient data. 0 red flags identified, 0 strengths noted.
How does Faith Prayer & Tract League spend its money?
Detailed spending breakdown data is not yet available for Faith Prayer & Tract League. Check back for updated IRS 990 analysis.
Are donations to Faith Prayer & Tract League tax-deductible?
Faith Prayer & Tract League is registered as a tax-exempt nonprofit (EIN: 381580500). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Faith Prayer & Tract League located?
Faith Prayer & Tract League is headquartered in Grand Rapids, Michigan and files with the IRS under EIN 381580500. It is classified under NTEE code X20Z.
How many years of IRS 990 filings does Faith Prayer & Tract League have?
Faith Prayer & Tract League has 13 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 $567K in total revenue.
Filing History
IRS 990 filing history for Faith Prayer & Tract League showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Faith Prayer & Tract League's revenue has declined by 35.3%, moving from $384K to $248K. Total assets decreased by 46.7% over the same period, from $425K to $227K. Total functional expenses rose by 0.6%, from $401K to $403K. In its most recent filing year (2023), Faith Prayer & Tract League reported a deficit of $155K, with expenses exceeding revenue. The organization holds $425 in liabilities against $227K in assets (debt-to-asset ratio: 0.2%), resulting in net assets of $226K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $248K | $403K | $227K | $425 | — | — |
| 2022 | $559K | $882K | $382K | $434 | — | View 990 |
| 2021 | $390K | $437K | $706K | $902 | — | View 990 |
| 2020 | $822K | $334K | $753K | $1K | — | — |
| 2019 | $265K | $365K | $269K | $4K | — | View 990 |
| 2018 | $292K | $392K | $370K | $6K | — | View 990 |
| 2017 | $304K | $535K | $473K | $9K | — | View 990 |
| 2016 | $343K | $425K | $699K | $4K | — | View 990 |
| 2015 | $669K | $364K | $784K | $6K | — | View 990 |
| 2014 | $526K | $361K | $481K | $3K | — | View 990 |
| 2013 | $408K | $374K | $418K | $104K | — | View 990 |
| 2012 | $431K | $432K | $402K | $123K | — | View 990 |
| 2011 | $384K | $401K | $425K | $145K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $248K, expenses of $403K, and assets of $227K (revenue -55.6% year-over-year).
- 2022: Revenue of $559K, expenses of $882K, and assets of $382K (revenue +43.4% year-over-year).
- 2021: Revenue of $390K, expenses of $437K, and assets of $706K (revenue -52.6% year-over-year).
- 2020: Revenue of $822K, expenses of $334K, and assets of $753K (revenue +209.7% year-over-year).
- 2019: Revenue of $265K, expenses of $365K, and assets of $269K (revenue -9.2% year-over-year).
- 2018: Revenue of $292K, expenses of $392K, and assets of $370K (revenue -3.8% year-over-year).
- 2017: Revenue of $304K, expenses of $535K, and assets of $473K (revenue -11.4% year-over-year).
- 2016: Revenue of $343K, expenses of $425K, and assets of $699K (revenue -48.7% year-over-year).
- 2015: Revenue of $669K, expenses of $364K, and assets of $784K (revenue +27.2% year-over-year).
- 2014: Revenue of $526K, expenses of $361K, and assets of $481K (revenue +29.0% year-over-year).
- 2013: Revenue of $408K, expenses of $374K, and assets of $418K (revenue -5.3% year-over-year).
- 2012: Revenue of $431K, expenses of $432K, and assets of $402K (revenue +12.2% year-over-year).
- 2011: Revenue of $384K, expenses of $401K, and assets of $425K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Faith Prayer & Tract League:
Data Sources and Methodology
This transparency report for Faith Prayer & Tract League 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.