Iglesia Pentecostal Bethel De Gainesville Inc
Iglesia Pentecostal Bethel De Gainesville Inc shows consistent revenue growth and zero officer compensation, with a recent year's expenses exceeding revenue.
EIN: 113648850 · Gainesville, GA · NTEE: X20 · Updated: 2026-03-28
Is Iglesia Pentecostal Bethel De Gainesville Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Iglesia Pentecostal Bethel De Gainesville Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Iglesia Pentecostal Bethel De Gainesville Inc
Iglesia Pentecostal Bethel De Gainesville Inc (EIN: 113648850) is a nonprofit organization based in Gainesville, GA, classified under NTEE code X20. The organization reported total revenue of $352K and total assets of $283K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Iglesia Pentecostal Bethel De Gainesville Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Iglesia Pentecostal Bethel De Gainesville Inc is a small nonprofit that has been operating for 18 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 12.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $392K |
| Total Expenses | $445K |
| Surplus / Deficit | $-53,590 |
| Total Assets | $190K |
| Net Assets | $190K |
| Operating Margin | -13.7% |
| Months of Reserves | 5.1 months |
Financial Health Grade: B
In 2023, Iglesia Pentecostal Bethel De Gainesville Inc reported a deficit of $54K with expenses exceeding revenue, holds 5.1 months of operating reserves (adequate).
Financial Trends
Over 13 years of filings (2011–2023), Iglesia Pentecostal Bethel De Gainesville Inc's revenue has grown at a compound annual growth rate (CAGR) of 12.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +6.4% | +67.1% | -22.0% |
| 2022 | +37.3% | +33.8% | +71.8% |
| 2021 | +30.8% | -1.4% | +95.1% |
| 2020 | -11.4% | +8.2% | +4.3% |
| 2019 | +24.8% | +2.2% | +178.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 2008 |
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 Iglesia Pentecostal Bethel De Gainesville Inc 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, Iglesia Pentecostal Bethel De Gainesville Inc 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 deficit of $54K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that officers are either uncompensated or compensated through non-officer channels, which is highly efficient for an organization of its size with latest revenue of $352,007.
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 Iglesia Pentecostal Bethel De Gainesville Inc's IRS 990 filings:
- Expenses exceeded revenue in the latest filing period (202312), with $445,388 in expenses against $391,798 in revenue.
Strengths
The following positive indicators were identified for Iglesia Pentecostal Bethel De Gainesville Inc:
- Consistent revenue growth over the past decade, from $162,473 in 2017 to $391,798 in 2023.
- Zero officer compensation reported across all 13 filings, indicating highly efficient use of funds for leadership.
- Strong asset growth from $1,300 in 2014 to $189,884 in 2023.
- Consistently low or zero liabilities reported in most recent filings, indicating sound financial health.
- Consistent filing of IRS Form 990s over 13 periods, demonstrating commitment to transparency and compliance.
Frequently Asked Questions about Iglesia Pentecostal Bethel De Gainesville Inc
Is Iglesia Pentecostal Bethel De Gainesville Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Iglesia Pentecostal Bethel De Gainesville Inc (EIN: 113648850) some concerns. Mission Score: 85/100. 1 red flag identified, 5 strengths noted.
How does Iglesia Pentecostal Bethel De Gainesville Inc spend its money?
Iglesia Pentecostal Bethel De Gainesville Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Iglesia Pentecostal Bethel De Gainesville Inc tax-deductible?
Iglesia Pentecostal Bethel De Gainesville Inc is registered as a tax-exempt nonprofit (EIN: 113648850). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Iglesia Pentecostal Bethel De Gainesville Inc financially stable?
Yes, the organization appears financially stable, with consistent revenue growth from $162,473 in 2017 to $391,798 in 2023, and a strong trend of increasing assets from $1,300 in 2014 to $189,884 in 2023. Liabilities have been consistently reported as $0 in most recent years.
How does the organization manage executive compensation?
The organization reports 0% officer compensation across all 13 available filings, suggesting that its leadership is either entirely volunteer-based or compensated in a manner not classified as officer compensation, which is a highly efficient use of funds.
What is the trend in the organization's assets?
The organization's assets have shown significant and consistent growth, from $1,300 in 2014 to $189,884 in 2023, indicating effective financial management and accumulation of resources.
Did the organization operate at a deficit in its latest filing period?
Yes, in the 202312 period, the organization's expenses ($445,388) exceeded its revenue ($391,798), resulting in a deficit for that year. However, this is an exception to previous years where revenue generally exceeded expenses.
Filing History
IRS 990 filing history for Iglesia Pentecostal Bethel De Gainesville Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Iglesia Pentecostal Bethel De Gainesville Inc's revenue has grown by 294.5%, moving from $99K to $392K. Total assets increased by 1217.9% over the same period, from $14K to $190K. Total functional expenses rose by 343.2%, from $100K to $445K. In its most recent filing year (2023), Iglesia Pentecostal Bethel De Gainesville Inc reported a deficit of $54K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $392K | $445K | $190K | $0 | — | View 990 |
| 2022 | $368K | $267K | $243K | $0 | — | View 990 |
| 2021 | $268K | $199K | $142K | $0 | — | View 990 |
| 2020 | $205K | $202K | $73K | $0 | — | View 990 |
| 2019 | $231K | $187K | $70K | $0 | — | View 990 |
| 2018 | $185K | $183K | $25K | $0 | — | View 990 |
| 2017 | $162K | $171K | $24K | $6K | — | View 990 |
| 2016 | $170K | $157K | $33K | $0 | — | View 990 |
| 2015 | $212K | $175K | $19K | $0 | — | View 990 |
| 2014 | $233K | $228K | $1K | $0 | — | View 990 |
| 2013 | $215K | $196K | $3K | $0 | — | View 990 |
| 2012 | $102K | $92K | $14K | $0 | — | View 990 |
| 2011 | $99K | $100K | $14K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $392K, expenses of $445K, and assets of $190K (revenue +6.4% year-over-year).
- 2022: Revenue of $368K, expenses of $267K, and assets of $243K (revenue +37.3% year-over-year).
- 2021: Revenue of $268K, expenses of $199K, and assets of $142K (revenue +30.8% year-over-year).
- 2020: Revenue of $205K, expenses of $202K, and assets of $73K (revenue -11.4% year-over-year).
- 2019: Revenue of $231K, expenses of $187K, and assets of $70K (revenue +24.8% year-over-year).
- 2018: Revenue of $185K, expenses of $183K, and assets of $25K (revenue +14.1% year-over-year).
- 2017: Revenue of $162K, expenses of $171K, and assets of $24K (revenue -4.6% year-over-year).
- 2016: Revenue of $170K, expenses of $157K, and assets of $33K (revenue -19.8% year-over-year).
- 2015: Revenue of $212K, expenses of $175K, and assets of $19K (revenue -8.9% year-over-year).
- 2014: Revenue of $233K, expenses of $228K, and assets of $1K (revenue +8.2% year-over-year).
- 2013: Revenue of $215K, expenses of $196K, and assets of $3K (revenue +111.7% year-over-year).
- 2012: Revenue of $102K, expenses of $92K, and assets of $14K (revenue +2.5% year-over-year).
- 2011: Revenue of $99K, expenses of $100K, and assets of $14K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Iglesia Pentecostal Bethel De Gainesville Inc:
Data Sources and Methodology
This transparency report for Iglesia Pentecostal Bethel De Gainesville 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.