Gods Outreach Madison County Food Bank
EIN: 50593895 · Richmond, KY · NTEE: P60
| Metric | Value |
|---|---|
| Total Revenue | $448K |
| Total Expenses | $337K |
| Net Assets | $970K |
Is Gods Outreach Madison County Food Bank Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Gods Outreach Madison County Food Bank
Gods Outreach Madison County Food Bank (EIN: 50593895) is a nonprofit organization based in Richmond, KY, classified under NTEE code P60. The organization reported total revenue of $448K and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Gods Outreach Madison County Food Bank's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Gods Outreach Madison County Food Bank is a small nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 10.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $489K |
| Total Expenses | $337K |
| Surplus / Deficit | +$152K |
| Total Assets | $980K |
| Total Liabilities | $10K |
| Net Assets | $970K |
| Operating Margin | 31.0% |
| Debt-to-Asset Ratio | 1.0% |
| Months of Reserves | 34.9 months |
Financial Health Grade: A
In 2023, Gods Outreach Madison County Food Bank reported a surplus of $152K with revenue exceeding expenses, holds 34.9 months of operating reserves (strong position), has a debt-to-asset ratio of 1.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Gods Outreach Madison County Food Bank's revenue has grown at a compound annual growth rate (CAGR) of 10.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -14.3% | -3.3% | +16.1% |
| 2022 | -17.6% | -5.8% | +41.2% |
| 2021 | +69.3% | +34.0% | +73.7% |
| 2020 | +22.7% | -23.3% | +4.7% |
| 2019 | +6.4% | +18.6% | +15.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Gods Outreach Madison County Food Bank 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 Gods Outreach Madison County Food Bank 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 surplus of $152K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.0%.
Frequently Asked Questions about Gods Outreach Madison County Food Bank
Is Gods Outreach Madison County Food Bank a legitimate charity?
Based on AI analysis of IRS 990 filings, Gods Outreach Madison County Food Bank (EIN: 50593895) insufficient data. 0 red flags identified, 0 strengths noted.
How does Gods Outreach Madison County Food Bank spend its money?
Detailed spending breakdown data is not yet available for Gods Outreach Madison County Food Bank. Check back for updated IRS 990 analysis.
Are donations to Gods Outreach Madison County Food Bank tax-deductible?
Gods Outreach Madison County Food Bank is registered as a tax-exempt nonprofit (EIN: 50593895). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Gods Outreach Madison County Food Bank located?
Gods Outreach Madison County Food Bank is headquartered in Richmond, Kentucky and files with the IRS under EIN 50593895. It is classified under NTEE code P60.
How many years of IRS 990 filings does Gods Outreach Madison County Food Bank have?
Gods Outreach Madison County Food Bank 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 $448K in total revenue.
Filing History
IRS 990 filing history for Gods Outreach Madison County Food Bank showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Gods Outreach Madison County Food Bank's revenue has grown by 231.2%, moving from $148K to $489K. Total assets increased by 552.3% over the same period, from $150K to $980K. Total functional expenses rose by 164.3%, from $128K to $337K. In its most recent filing year (2023), Gods Outreach Madison County Food Bank reported a surplus of $152K, with revenue exceeding expenses. The organization holds $10K in liabilities against $980K in assets (debt-to-asset ratio: 1.0%), resulting in net assets of $970K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $489K | $337K | $980K | $10K | — | — |
| 2022 | $570K | $349K | $844K | $10K | — | View 990 |
| 2021 | $692K | $370K | $598K | $-5,186 | — | View 990 |
| 2020 | $409K | $276K | $344K | $63K | — | View 990 |
| 2019 | $333K | $360K | $329K | $181K | — | View 990 |
| 2018 | $313K | $303K | $285K | $110K | — | View 990 |
| 2017 | $245K | $216K | $235K | $70K | — | — |
| 2016 | $230K | $215K | $217K | $81K | — | View 990 |
| 2015 | $225K | $205K | $206K | $85K | — | View 990 |
| 2014 | $215K | $201K | $199K | $98K | — | View 990 |
| 2013 | $186K | $175K | $192K | $105K | — | View 990 |
| 2012 | $166K | $160K | $145K | $69K | — | View 990 |
| 2011 | $148K | $128K | $150K | $81K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $489K, expenses of $337K, and assets of $980K (revenue -14.3% year-over-year).
- 2022: Revenue of $570K, expenses of $349K, and assets of $844K (revenue -17.6% year-over-year).
- 2021: Revenue of $692K, expenses of $370K, and assets of $598K (revenue +69.3% year-over-year).
- 2020: Revenue of $409K, expenses of $276K, and assets of $344K (revenue +22.7% year-over-year).
- 2019: Revenue of $333K, expenses of $360K, and assets of $329K (revenue +6.4% year-over-year).
- 2018: Revenue of $313K, expenses of $303K, and assets of $285K (revenue +27.7% year-over-year).
- 2017: Revenue of $245K, expenses of $216K, and assets of $235K (revenue +6.5% year-over-year).
- 2016: Revenue of $230K, expenses of $215K, and assets of $217K (revenue +2.2% year-over-year).
- 2015: Revenue of $225K, expenses of $205K, and assets of $206K (revenue +4.6% year-over-year).
- 2014: Revenue of $215K, expenses of $201K, and assets of $199K (revenue +15.7% year-over-year).
- 2013: Revenue of $186K, expenses of $175K, and assets of $192K (revenue +11.8% year-over-year).
- 2012: Revenue of $166K, expenses of $160K, and assets of $145K (revenue +12.8% year-over-year).
- 2011: Revenue of $148K, expenses of $128K, and assets of $150K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Gods Outreach Madison County Food Bank:
Data Sources and Methodology
This transparency report for Gods Outreach Madison County Food Bank 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.