Mount Olive Baptist Church Of Plainfield
EIN: 521860528 · Plainfield, NJ · NTEE: X210
| Metric | Value |
|---|---|
| Total Revenue | $302K |
| Total Expenses | $355K |
| Net Assets | $1.3M |
Is Mount Olive Baptist Church Of Plainfield Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Mount Olive Baptist Church Of Plainfield
Mount Olive Baptist Church Of Plainfield (EIN: 521860528) is a nonprofit organization based in Plainfield, NJ, classified under NTEE code X210. The organization reported total revenue of $302K and total assets of $1.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mount Olive Baptist Church Of Plainfield's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mount Olive Baptist Church Of Plainfield is a small nonprofit that has been operating for 32 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 0.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $308K |
| Total Expenses | $355K |
| Surplus / Deficit | $-47,129 |
| Total Assets | $1.6M |
| Total Liabilities | $329K |
| Net Assets | $1.3M |
| Operating Margin | -15.3% |
| Debt-to-Asset Ratio | 20.1% |
| Months of Reserves | 55.2 months |
Financial Health Grade: B
In 2023, Mount Olive Baptist Church Of Plainfield reported a deficit of $47K with expenses exceeding revenue, holds 55.2 months of operating reserves (strong position), has a debt-to-asset ratio of 20.1% (moderate leverage).
Financial Trends
Over 14 years of filings (2010–2023), Mount Olive Baptist Church Of Plainfield's revenue has grown at a compound annual growth rate (CAGR) of 0.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -4.9% | +0.9% | -4.2% |
| 2022 | -6.6% | +12.4% | -6.0% |
| 2021 | +16.3% | +11.5% | -0.6% |
| 2020 | -10.9% | -20.5% | -0.8% |
| 2019 | +6.0% | +1.3% | -3.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 1994 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Mount Olive Baptist Church Of Plainfield 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 Mount Olive Baptist Church Of Plainfield 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 deficit of $47K, with expenses exceeding revenue.
- Debt-to-asset ratio: 20.1%.
Frequently Asked Questions about Mount Olive Baptist Church Of Plainfield
Is Mount Olive Baptist Church Of Plainfield a legitimate charity?
Based on AI analysis of IRS 990 filings, Mount Olive Baptist Church Of Plainfield (EIN: 521860528) insufficient data. 0 red flags identified, 0 strengths noted.
How does Mount Olive Baptist Church Of Plainfield spend its money?
Detailed spending breakdown data is not yet available for Mount Olive Baptist Church Of Plainfield. Check back for updated IRS 990 analysis.
Are donations to Mount Olive Baptist Church Of Plainfield tax-deductible?
Mount Olive Baptist Church Of Plainfield is registered as a tax-exempt nonprofit (EIN: 521860528). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Mount Olive Baptist Church Of Plainfield located?
Mount Olive Baptist Church Of Plainfield is headquartered in Plainfield, New Jersey and files with the IRS under EIN 521860528. It is classified under NTEE code X210.
How many years of IRS 990 filings does Mount Olive Baptist Church Of Plainfield have?
Mount Olive Baptist Church Of Plainfield has 14 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 $302K in total revenue.
Filing History
IRS 990 filing history for Mount Olive Baptist Church Of Plainfield showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Mount Olive Baptist Church Of Plainfield's revenue has grown by 3%, moving from $299K to $308K. Total assets decreased by 27.4% over the same period, from $2.2M to $1.6M. Total functional expenses rose by 9.7%, from $324K to $355K. In its most recent filing year (2023), Mount Olive Baptist Church Of Plainfield reported a deficit of $47K, with expenses exceeding revenue. The organization holds $329K in liabilities against $1.6M in assets (debt-to-asset ratio: 20.1%), resulting in net assets of $1.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $308K | $355K | $1.6M | $329K | — | — |
| 2022 | $324K | $352K | $1.7M | $354K | — | View 990 |
| 2021 | $347K | $313K | $1.8M | $435K | — | View 990 |
| 2020 | $298K | $281K | $1.8M | $480K | — | — |
| 2019 | $335K | $353K | $1.8M | $512K | — | View 990 |
| 2018 | $316K | $348K | $1.9M | $553K | — | View 990 |
| 2017 | $318K | $328K | $2.0M | $590K | — | View 990 |
| 2016 | $265K | $241K | $2.0M | $626K | — | View 990 |
| 2015 | $244K | $254K | $2.0M | $658K | — | View 990 |
| 2014 | $272K | $273K | $2.1M | $688K | — | View 990 |
| 2013 | $260K | $296K | $2.1M | $716K | — | View 990 |
| 2012 | $287K | $305K | $2.2M | $738K | — | View 990 |
| 2011 | $296K | $322K | $2.2M | $760K | — | View 990 |
| 2010 | $299K | $324K | $2.2M | $790K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $308K, expenses of $355K, and assets of $1.6M (revenue -4.9% year-over-year).
- 2022: Revenue of $324K, expenses of $352K, and assets of $1.7M (revenue -6.6% year-over-year).
- 2021: Revenue of $347K, expenses of $313K, and assets of $1.8M (revenue +16.3% year-over-year).
- 2020: Revenue of $298K, expenses of $281K, and assets of $1.8M (revenue -10.9% year-over-year).
- 2019: Revenue of $335K, expenses of $353K, and assets of $1.8M (revenue +6.0% year-over-year).
- 2018: Revenue of $316K, expenses of $348K, and assets of $1.9M (revenue -0.6% year-over-year).
- 2017: Revenue of $318K, expenses of $328K, and assets of $2.0M (revenue +20.1% year-over-year).
- 2016: Revenue of $265K, expenses of $241K, and assets of $2.0M (revenue +8.7% year-over-year).
- 2015: Revenue of $244K, expenses of $254K, and assets of $2.0M (revenue -10.5% year-over-year).
- 2014: Revenue of $272K, expenses of $273K, and assets of $2.1M (revenue +4.8% year-over-year).
- 2013: Revenue of $260K, expenses of $296K, and assets of $2.1M (revenue -9.4% year-over-year).
- 2012: Revenue of $287K, expenses of $305K, and assets of $2.2M (revenue -3.1% year-over-year).
- 2011: Revenue of $296K, expenses of $322K, and assets of $2.2M (revenue -1.1% year-over-year).
- 2010: Revenue of $299K, expenses of $324K, and assets of $2.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mount Olive Baptist Church Of Plainfield:
Data Sources and Methodology
This transparency report for Mount Olive Baptist Church Of Plainfield 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.