Greater Praise Tabernacle International Fellowship Ministrie
Greater Praise Tabernacle International Fellowship Ministrie spent double its revenue in the latest filing period.
EIN: 141985058 · Wilmington, NC · NTEE: X90 · Updated: 2026-03-28
Is Greater Praise Tabernacle International Fellowship Ministrie Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Greater Praise Tabernacle International Fellowship Ministrie directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Greater Praise Tabernacle International Fellowship Ministrie
Greater Praise Tabernacle International Fellowship Ministrie (EIN: 141985058) is a nonprofit organization based in Wilmington, NC, classified under NTEE code X90. The organization reported total revenue of $202K and total assets of $1 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Greater Praise Tabernacle International Fellowship Ministrie's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Greater Praise Tabernacle International Fellowship Ministrie is a small nonprofit that has been operating for 6 years, with 2 years of IRS 990 filings on record (2019–2020). Revenue has grown at a compound annual rate of -6.8%.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
| Total Revenue | $202K |
| Total Expenses | $404K |
| Surplus / Deficit | $-201,850 |
| Total Assets | $1 |
| Total Liabilities | $1 |
| Net Assets | $0 |
| Operating Margin | -100.0% |
| Debt-to-Asset Ratio | 100.0% |
| Months of Reserves | 0.0 months |
Financial Health Grade: D
In 2020, Greater Praise Tabernacle International Fellowship Ministrie reported a deficit of $202K with expenses exceeding revenue, holds 0.0 months of operating reserves (limited), has a debt-to-asset ratio of 100.0% (high leverage).
Financial Trends
Over 2 years of filings (2019–2020), Greater Praise Tabernacle International Fellowship Ministrie's revenue has declined at a compound annual growth rate (CAGR) of -6.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2020 | -6.8% | +86.4% | +0.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2020 |
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 Greater Praise Tabernacle International Fellowship Ministrie with a Mission Score of 35 out of 100 (Poor). 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: 70%
- fundraising: 10%
According to IRS 990 filings, Greater Praise Tabernacle International Fellowship Ministrie allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $202K, with expenses exceeding revenue.
- Debt-to-asset ratio: 100.0%.
Executive Compensation Analysis
No officer compensation was reported in either the 201912 or 202012 filing periods, which is positive for an organization of this size, indicating resources are not being diverted to high executive salaries.
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 Greater Praise Tabernacle International Fellowship Ministrie's IRS 990 filings:
- Expenses ($403,700) significantly exceeded revenue ($201,850) in the latest filing period (202012).
- Consistent reporting of only $1 in assets, which is highly unusual for an organization with significant financial activity.
- Lack of detailed expense breakdown in the provided data makes it difficult to assess spending efficiency.
- Significant financial instability indicated by the large deficit in the most recent period.
Strengths
The following positive indicators were identified for Greater Praise Tabernacle International Fellowship Ministrie:
- No officer compensation reported in either filing period, indicating resources are not used for executive salaries.
Frequently Asked Questions about Greater Praise Tabernacle International Fellowship Ministrie
Is Greater Praise Tabernacle International Fellowship Ministrie a legitimate charity?
Based on AI analysis of IRS 990 filings, Greater Praise Tabernacle International Fellowship Ministrie (EIN: 141985058) significant concerns. Mission Score: 35/100. 4 red flags identified, 1 strength noted.
How does Greater Praise Tabernacle International Fellowship Ministrie spend its money?
Greater Praise Tabernacle International Fellowship Ministrie directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Greater Praise Tabernacle International Fellowship Ministrie tax-deductible?
Greater Praise Tabernacle International Fellowship Ministrie is registered as a tax-exempt nonprofit (EIN: 141985058). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How did Greater Praise Tabernacle International Fellowship Ministrie cover the $201,850 deficit in the 202012 period?
The IRS 990 data for 202012 shows expenses of $403,700 against revenues of $201,850, resulting in a $201,850 deficit. The filing does not provide details on how this significant shortfall was funded, especially given reported assets of only $1.
What is the breakdown of the organization's $403,700 in expenses for the 202012 period?
The provided IRS 990 summary data does not offer a detailed breakdown of expenses into program, administrative, or fundraising categories, making it difficult to assess spending efficiency.
Why does the organization consistently report only $1 in assets?
Reporting only $1 in assets across multiple periods, despite handling hundreds of thousands in revenue and expenses, is highly unusual and warrants further investigation into the organization's financial structure and asset management.
Filing History
IRS 990 filing history for Greater Praise Tabernacle International Fellowship Ministrie showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2019–2020), Greater Praise Tabernacle International Fellowship Ministrie's revenue has declined by 6.8%, moving from $217K to $202K. Total assets increased by 0% over the same period, from $1 to $1. Total functional expenses rose by 86.4%, from $217K to $404K. In its most recent filing year (2020), Greater Praise Tabernacle International Fellowship Ministrie reported a deficit of $202K, with expenses exceeding revenue. The organization holds $1 in liabilities against $1 in assets (debt-to-asset ratio: 100.0%), resulting in net assets of $0.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2020 | $202K | $404K | $1 | $1 | — | — |
| 2019 | $217K | $217K | $1 | $0 | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Greater Praise Tabernacle International Fellowship Ministrie:
Data Sources and Methodology
This transparency report for Greater Praise Tabernacle International Fellowship Ministrie 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.