First Karen Baptist Church
First Karen Baptist Church maintains stable finances with increasing assets and no reported officer compensation.
EIN: 141950996 · Saint Paul, MN · NTEE: X21 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $240K |
| Total Expenses | $130K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $239,742. |
| Net Assets | $977K |
| Transparency Score | 85/100 |
Is First Karen Baptist Church Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
First Karen Baptist Church directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About First Karen Baptist Church
First Karen Baptist Church (EIN: 141950996) is a nonprofit organization based in Saint Paul, MN, classified under NTEE code X21. The organization reported total revenue of $240K and total assets of $1.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of First Karen Baptist Church's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
First Karen Baptist Church is a small nonprofit that has been operating for 9 years, with 9 years of IRS 990 filings on record (2015–2023). Revenue has grown at a compound annual rate of -5.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $175K |
| Total Expenses | $130K |
| Surplus / Deficit | +$45K |
| Total Assets | $977K |
| Total Liabilities | $553 |
| Net Assets | $977K |
| Operating Margin | 25.8% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 90.5 months |
Financial Health Grade: A
In 2023, First Karen Baptist Church reported a surplus of $45K with revenue exceeding expenses, holds 90.5 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 9 years of filings (2015–2023), First Karen Baptist Church's revenue has declined at a compound annual growth rate (CAGR) of -5.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +11.5% | +36.2% | +4.8% |
| 2022 | -38.7% | +31.4% | +7.1% |
| 2021 | +32.1% | -16.7% | +2.4% |
| 2020 | +2.8% | -26.0% | -1.9% |
| 2019 | -1.8% | -13.2% | — |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 2017 |
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 First Karen Baptist Church with a Mission Score of 85 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, First Karen Baptist Church 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 surplus of $45K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.1%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through non-officer roles, which is highly efficient for an organization of its size with latest revenue of $239,742.
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 First Karen Baptist Church's IRS 990 filings:
- Lack of detailed expense breakdown in available data makes full spending efficiency analysis difficult.
Strengths
The following positive indicators were identified for First Karen Baptist Church:
- Consistent asset growth, from $846,926 in 2015 to $977,075 in 2023.
- 0% officer compensation reported across all filings, indicating high efficiency in leadership costs.
- Generally positive net income, with revenue often exceeding expenses (e.g., 2023: Revenue $174,703 vs. Expenses $129,613).
- Stable financial history with 9 filings, demonstrating consistent operation and reporting.
Frequently Asked Questions about First Karen Baptist Church
Is First Karen Baptist Church a legitimate charity?
Based on AI analysis of IRS 990 filings, First Karen Baptist Church (EIN: 141950996) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does First Karen Baptist Church spend its money?
First Karen Baptist Church directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to First Karen Baptist Church tax-deductible?
First Karen Baptist Church is registered as a tax-exempt nonprofit (EIN: 141950996). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the First Karen Baptist Church CEO make?
First Karen Baptist Church's highest-compensated officer earns $239,742. annually. The organization reported $240K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of First Karen Baptist Church's spending goes to programs?
First Karen Baptist Church directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does First Karen Baptist Church compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), First Karen Baptist Church 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 First Karen Baptist Church located?
First Karen Baptist Church is headquartered in Saint Paul, Minnesota and files with the IRS under EIN 141950996. It is classified under NTEE code X21.
How many years of IRS 990 filings does First Karen Baptist Church have?
First Karen Baptist Church has 9 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 $240K in total revenue.
Is First Karen Baptist Church a good charity?
Based on the available IRS 990 data, First Karen Baptist Church appears to be a financially stable organization with growing assets and no reported officer compensation, suggesting efficient use of funds. However, without detailed expense breakdowns, a full assessment of program spending efficiency is limited.
How has the organization's financial health changed over time?
The organization's assets have shown consistent growth, from $846,926 in 2015 to $977,075 in 2023. Revenue and expenses have fluctuated, but generally, revenue has exceeded expenses, leading to asset accumulation.
What is the organization's approach to executive compensation?
First Karen Baptist Church consistently reports 0% officer compensation across all available filings, indicating a volunteer-driven leadership model or that compensation is not allocated to officers in a way that requires disclosure on the 990.
Filing History
IRS 990 filing history for First Karen Baptist Church showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2015–2023), First Karen Baptist Church's revenue has declined by 37.9%, moving from $281K to $175K. Total assets increased by 15.4% over the same period, from $847K to $977K. Total functional expenses rose by 35.1%, from $96K to $130K. In its most recent filing year (2023), First Karen Baptist Church reported a surplus of $45K, with revenue exceeding expenses. The organization holds $553 in liabilities against $977K in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $977K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $175K | $130K | $977K | $553 | — | View 990 |
| 2022 | $157K | $95K | $932K | $708 | — | View 990 |
| 2021 | $255K | $72K | $870K | $0 | — | View 990 |
| 2020 | $193K | $87K | $850K | $163K | — | View 990 |
| 2019 | $188K | $118K | $867K | $286K | — | View 990 |
| 2018 | $192K | $135K | $0 | $0 | — | View 990 |
| 2017 | $172K | $154K | $1 | $0 | — | View 990 |
| 2016 | $0 | $10K | $882K | $446K | — | View 990 |
| 2015 | $281K | $96K | $847K | $530K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $175K, expenses of $130K, and assets of $977K (revenue +11.5% year-over-year).
- 2022: Revenue of $157K, expenses of $95K, and assets of $932K (revenue -38.7% year-over-year).
- 2021: Revenue of $255K, expenses of $72K, and assets of $870K (revenue +32.1% year-over-year).
- 2020: Revenue of $193K, expenses of $87K, and assets of $850K (revenue +2.8% year-over-year).
- 2019: Revenue of $188K, expenses of $118K, and assets of $867K (revenue -1.8% year-over-year).
- 2018: Revenue of $192K, expenses of $135K, and assets of $0 (revenue +11.3% year-over-year).
- 2017: Revenue of $172K, expenses of $154K, and assets of $1.
- 2016: Revenue of $0, expenses of $10K, and assets of $882K (revenue -100.0% year-over-year).
- 2015: Revenue of $281K, expenses of $96K, and assets of $847K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for First Karen Baptist Church:
Data Sources and Methodology
This transparency report for First Karen Baptist Church 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.