First Presbyterian Church Of Corinth Endowment Fund Inc
Corinth Church Endowment Fund maintains growing assets with minimal expenses and no liabilities.
EIN: 200642132 · Corinth, MS · NTEE: X112 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $28K |
| Program Spending | 80% |
| Net Assets | $439K |
| Transparency Score | 75/100 |
Is First Presbyterian Church Of Corinth Endowment Fund Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
First Presbyterian Church Of Corinth Endowment Fund Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About First Presbyterian Church Of Corinth Endowment Fund Inc
First Presbyterian Church Of Corinth Endowment Fund Inc (EIN: 200642132) is a nonprofit organization based in Corinth, MS, classified under NTEE code X112. The organization reported total revenue of $0 and total assets of $479K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of First Presbyterian Church Of Corinth Endowment Fund Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
First Presbyterian Church Of Corinth Endowment Fund Inc is a micro nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023).
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 Presbyterian Church Of Corinth Endowment Fund 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: 20%
- programs: 80%
- fundraising: 0%
According to IRS 990 filings, First Presbyterian Church Of Corinth Endowment Fund Inc allocates its expenses as follows: admin: 20%, programs: 80%, fundraising: 0%. With 80% 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:
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no executives or officers receive salaries from the endowment fund, which is appropriate for an organization of this type and size.
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 Presbyterian Church Of Corinth Endowment Fund Inc's IRS 990 filings:
- Lack of detailed program spending information on 990s
- Inconsistent revenue reporting, making financial analysis challenging
Strengths
The following positive indicators were identified for First Presbyterian Church Of Corinth Endowment Fund Inc:
- Consistent asset growth, from $91,966 in 2016 to $438,619 in 2023
- No reported liabilities, indicating strong financial stability
- 0% officer compensation, demonstrating efficient use of funds for an endowment
- Consistent IRS 990 filing history, indicating good transparency
Frequently Asked Questions about First Presbyterian Church Of Corinth Endowment Fund Inc
Is First Presbyterian Church Of Corinth Endowment Fund Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, First Presbyterian Church Of Corinth Endowment Fund Inc (EIN: 200642132) some concerns. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
How does First Presbyterian Church Of Corinth Endowment Fund Inc spend its money?
First Presbyterian Church Of Corinth Endowment Fund Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to First Presbyterian Church Of Corinth Endowment Fund Inc tax-deductible?
First Presbyterian Church Of Corinth Endowment Fund Inc is registered as a tax-exempt nonprofit (EIN: 200642132). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does First Presbyterian Church Of Corinth Endowment Fund Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), First Presbyterian Church Of Corinth Endowment Fund Inc is above average for NTEE category X112 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is First Presbyterian Church Of Corinth Endowment Fund Inc located?
First Presbyterian Church Of Corinth Endowment Fund Inc is headquartered in Corinth, Mississippi and files with the IRS under EIN 200642132. It is classified under NTEE code X112.
How many years of IRS 990 filings does First Presbyterian Church Of Corinth Endowment Fund Inc have?
First Presbyterian Church Of Corinth Endowment Fund Inc 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.
What are the specific programs or beneficiaries supported by the endowment's distributions?
The IRS 990 filings do not provide detailed information on the specific programs or beneficiaries of the endowment's distributions, making it difficult to assess the direct impact of its spending beyond general support for the church.
Why does the organization report $0 in revenue for most years, despite growing assets?
The consistent reporting of $0 revenue suggests that the endowment's growth primarily comes from investment gains, which are often reported differently on the 990 (e.g., as changes in net assets) rather than as direct revenue, or that significant donations are infrequent and not consistently classified as revenue.
What caused the significant increase in expenses from $5,142 in 2020 to $28,030 in 2023?
The IRS 990 data alone does not specify the exact reasons for the increase in expenses. It could be due to increased investment management fees, administrative costs, or distributions made to the church or other beneficiaries.
Filing History
IRS 990 filing history for First Presbyterian Church Of Corinth Endowment Fund Inc showing financial trends over 13 years of public records:
Total assets increased by 779.3% over the same period, from $50K to $439K. Total functional expenses rose by 22324%, from $125 to $28K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $0 | $28K | $439K | $0 | — | — |
| 2022 | $0 | $28K | $382K | $0 | — | — |
| 2021 | $0 | $15K | $464K | $0 | — | View 990 |
| 2020 | $0 | $5K | $440K | $0 | — | — |
| 2019 | $0 | $6K | $402K | $0 | — | View 990 |
| 2018 | $0 | $6K | $358K | $0 | — | View 990 |
| 2017 | $245K | $3K | $384K | $0 | — | View 990 |
| 2016 | $0 | $895 | $92K | $0 | — | View 990 |
| 2015 | $72 | $1K | $87K | $0 | — | View 990 |
| 2014 | $5K | $1K | $91K | $0 | — | View 990 |
| 2013 | $0 | $585 | $84K | $0 | — | View 990 |
| 2012 | $0 | $0 | $68K | $0 | — | View 990 |
| 2011 | $0 | $125 | $50K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $0, expenses of $28K, and assets of $439K.
- 2022: Revenue of $0, expenses of $28K, and assets of $382K.
- 2021: Revenue of $0, expenses of $15K, and assets of $464K.
- 2020: Revenue of $0, expenses of $5K, and assets of $440K.
- 2019: Revenue of $0, expenses of $6K, and assets of $402K.
- 2018: Revenue of $0, expenses of $6K, and assets of $358K (revenue -100.0% year-over-year).
- 2017: Revenue of $245K, expenses of $3K, and assets of $384K.
- 2016: Revenue of $0, expenses of $895, and assets of $92K (revenue -100.0% year-over-year).
- 2015: Revenue of $72, expenses of $1K, and assets of $87K (revenue -98.7% year-over-year).
- 2014: Revenue of $5K, expenses of $1K, and assets of $91K.
- 2013: Revenue of $0, expenses of $585, and assets of $84K.
- 2012: Revenue of $0, expenses of $0, and assets of $68K.
- 2011: Revenue of $0, expenses of $125, and assets of $50K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for First Presbyterian Church Of Corinth Endowment Fund Inc:
Data Sources and Methodology
This transparency report for First Presbyterian Church Of Corinth Endowment Fund 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.