Larry Black Ministries Inc
Larry Black Ministries Inc shows consistent revenue growth and strong asset accumulation with no reported officer compensation.
EIN: 203325521 · Madison, MS · NTEE: M20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $104K |
| Total Expenses | $76K |
| Program Spending | 90% |
| Net Assets | $266K |
| Transparency Score | 85/100 |
Is Larry Black Ministries Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Larry Black Ministries Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Larry Black Ministries Inc
Larry Black Ministries Inc (EIN: 203325521) is a nonprofit organization based in Madison, MS, classified under NTEE code M20. The organization reported total revenue of $104K and total assets of $239K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Larry Black Ministries Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Larry Black Ministries Inc 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 18.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $117K |
| Total Expenses | $76K |
| Surplus / Deficit | +$41K |
| Total Assets | $266K |
| Total Liabilities | $1 |
| Net Assets | $266K |
| Operating Margin | 34.9% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 41.8 months |
Financial Health Grade: A
In 2023, Larry Black Ministries Inc reported a surplus of $41K with revenue exceeding expenses, holds 41.8 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Larry Black Ministries Inc's revenue has grown at a compound annual growth rate (CAGR) of 18.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +32.0% | +87.2% | +18.2% |
| 2022 | +13.0% | -48.4% | +27.2% |
| 2021 | -6.7% | +4.5% | -0.2% |
| 2020 | +46.9% | +19.2% | -5.0% |
| 2019 | -27.4% | -7.9% | -3.2% |
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 Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Larry Black Ministries 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Larry Black Ministries Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% 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 $41K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no salaries are paid to officers, which is highly favorable for resource allocation.
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.
Strengths
The following positive indicators were identified for Larry Black Ministries Inc:
- Consistent revenue growth, from $78,504 in 2021 to $117,106 in 2023.
- Strong and growing asset base, reaching $265,560 in 2023.
- Minimal liabilities, consistently reported as $1 or $0 in recent years.
- 0% officer compensation reported across all available filings, indicating efficient use of funds.
- Positive net income in most recent years, with revenue exceeding expenses ($117,106 revenue vs. $76,192 expenses in 2023).
Frequently Asked Questions about Larry Black Ministries Inc
Is Larry Black Ministries Inc a legitimate charity?
Larry Black Ministries Inc (EIN: 203325521) is a registered tax-exempt nonprofit based in Mississippi. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $104K. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Larry Black Ministries Inc spend its money?
Larry Black Ministries Inc directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Larry Black Ministries Inc tax-deductible?
Larry Black Ministries Inc is registered as a tax-exempt nonprofit (EIN: 203325521). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Larry Black Ministries Inc's spending goes to programs?
Larry Black Ministries Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Larry Black Ministries Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Larry Black Ministries Inc is above average for NTEE category M20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Larry Black Ministries Inc located?
Larry Black Ministries Inc is headquartered in Madison, Mississippi and files with the IRS under EIN 203325521. It is classified under NTEE code M20.
How many years of IRS 990 filings does Larry Black Ministries Inc have?
Larry Black Ministries 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. The most recent filing shows $104K in total revenue.
Is Larry Black Ministries Inc a good charity?
Based on the provided data, Larry Black Ministries Inc appears to be a financially sound organization with consistent revenue growth, increasing assets, and no reported officer compensation, which are all positive indicators for a charity.
How has the organization's revenue trended over the past few years?
The organization's revenue has shown a positive trend, increasing from $78,504 in 2021 to $88,744 in 2022, and further to $117,106 in 2023.
What is the organization's asset-to-liability ratio?
Larry Black Ministries Inc maintains a very strong asset-to-liability ratio, with assets of $265,560 and liabilities of only $1 in 2023, indicating excellent financial health.
Filing History
IRS 990 filing history for Larry Black Ministries Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Larry Black Ministries Inc's revenue has grown by 659.4%, moving from $15K to $117K. Total assets increased by 473.8% over the same period, from $46K to $266K. Total functional expenses rose by 68.7%, from $45K to $76K. In its most recent filing year (2023), Larry Black Ministries Inc reported a surplus of $41K, with revenue exceeding expenses. The organization holds $1 in liabilities against $266K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $266K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $117K | $76K | $266K | $1 | — | View 990 |
| 2022 | $89K | $41K | $225K | $1 | — | View 990 |
| 2021 | $79K | $79K | $177K | $1 | — | View 990 |
| 2020 | $84K | $76K | $177K | $0 | — | — |
| 2019 | $57K | $63K | $186K | $18K | — | View 990 |
| 2018 | $79K | $69K | $193K | $18K | — | View 990 |
| 2017 | $67K | $97K | $182K | $18K | — | View 990 |
| 2016 | $142K | $25K | $217K | $22K | — | View 990 |
| 2015 | $65K | $21K | $77K | $0 | — | View 990 |
| 2014 | $35K | $24K | $34K | $0 | — | View 990 |
| 2013 | $12K | $27K | $23K | $0 | — | View 990 |
| 2012 | $26K | $35K | $38K | $0 | — | View 990 |
| 2011 | $15K | $45K | $46K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $117K, expenses of $76K, and assets of $266K (revenue +32.0% year-over-year).
- 2022: Revenue of $89K, expenses of $41K, and assets of $225K (revenue +13.0% year-over-year).
- 2021: Revenue of $79K, expenses of $79K, and assets of $177K (revenue -6.7% year-over-year).
- 2020: Revenue of $84K, expenses of $76K, and assets of $177K (revenue +46.9% year-over-year).
- 2019: Revenue of $57K, expenses of $63K, and assets of $186K (revenue -27.4% year-over-year).
- 2018: Revenue of $79K, expenses of $69K, and assets of $193K (revenue +16.9% year-over-year).
- 2017: Revenue of $67K, expenses of $97K, and assets of $182K (revenue -52.4% year-over-year).
- 2016: Revenue of $142K, expenses of $25K, and assets of $217K (revenue +119.5% year-over-year).
- 2015: Revenue of $65K, expenses of $21K, and assets of $77K (revenue +85.0% year-over-year).
- 2014: Revenue of $35K, expenses of $24K, and assets of $34K (revenue +184.8% year-over-year).
- 2013: Revenue of $12K, expenses of $27K, and assets of $23K (revenue -53.2% year-over-year).
- 2012: Revenue of $26K, expenses of $35K, and assets of $38K (revenue +69.8% year-over-year).
- 2011: Revenue of $15K, expenses of $45K, and assets of $46K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Larry Black Ministries Inc:
Data Sources and Methodology
This transparency report for Larry Black Ministries 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.