Peace Baptist Church Inc
EIN: 561580117 · Wilmington, NC
| Metric | Value |
|---|---|
| Total Revenue | $557K |
| Total Expenses | $440K |
| Net Assets | $3.7M |
Is Peace Baptist Church Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Peace Baptist Church Inc
Peace Baptist Church Inc (EIN: 561580117) is a nonprofit organization based in Wilmington, NC. The organization reported total revenue of $557K and total assets of $4.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Peace Baptist Church Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Peace Baptist Church Inc is a small nonprofit that has been operating for 17 years.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
| Total Revenue | $557K |
| Total Expenses | $440K |
| Surplus / Deficit | +$117K |
| Total Assets | $4.0M |
| Total Liabilities | $354K |
| Net Assets | $3.7M |
| Operating Margin | 21.0% |
| Debt-to-Asset Ratio | 8.8% |
| Months of Reserves | 109.3 months |
Financial Health Grade: A
In 2021, Peace Baptist Church Inc reported a surplus of $117K with revenue exceeding expenses, holds 109.3 months of operating reserves (strong position), has a debt-to-asset ratio of 8.8% (very low leverage).
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 2009 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Peace Baptist Church Inc 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 Peace Baptist Church Inc 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 (2021)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $117K, with revenue exceeding expenses.
- Debt-to-asset ratio: 8.8%.
Frequently Asked Questions about Peace Baptist Church Inc
Is Peace Baptist Church Inc a legitimate charity?
Peace Baptist Church Inc (EIN: 561580117) is a registered tax-exempt nonprofit based in North Carolina. Total revenue: $557K. No red flags identified. Financial health grade: A.
How does Peace Baptist Church Inc spend its money?
Peace Baptist Church Inc reported $557K in total revenue in IRS 990 filings. 1 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Peace Baptist Church Inc tax-deductible?
Peace Baptist Church Inc is registered as a tax-exempt nonprofit (EIN: 561580117). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Peace Baptist Church Inc located?
Peace Baptist Church Inc is headquartered in Wilmington, North Carolina and files with the IRS under EIN 561580117.
Filing History
IRS 990 filing history for Peace Baptist Church Inc showing financial trends over 1 year of public records:
In its most recent filing year (2021), Peace Baptist Church Inc reported a surplus of $117K, with revenue exceeding expenses. The organization holds $354K in liabilities against $4.0M in assets (debt-to-asset ratio: 8.8%), resulting in net assets of $3.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2021 | $557K | $440K | $4.0M | $354K | — | — |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Peace Baptist Church Inc:
Data Sources and Methodology
This transparency report for Peace Baptist Church 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.