Philip Jegede Evangelistic Association
EIN: 270178382 · Minneapolis, MN · NTEE: X21
| Metric | Value |
|---|---|
| Total Revenue | $199K |
| Total Expenses | $208K |
| Net Assets | $-36,797 |
Is Philip Jegede Evangelistic Association Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Philip Jegede Evangelistic Association
Philip Jegede Evangelistic Association (EIN: 270178382) is a nonprofit organization based in Minneapolis, MN, classified under NTEE code X21. The organization reported total revenue of $199K and total assets of $5K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Philip Jegede Evangelistic Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Philip Jegede Evangelistic Association is a small nonprofit that has been operating for 17 years, with 11 years of IRS 990 filings on record (2012–2022). Revenue has grown at a compound annual rate of -1.3%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $170K |
| Total Expenses | $208K |
| Surplus / Deficit | $-37,747 |
| Total Assets | $33K |
| Total Liabilities | $69K |
| Net Assets | $-36,797 |
| Operating Margin | -22.2% |
| Debt-to-Asset Ratio | 212.8% |
| Months of Reserves | 1.9 months |
Financial Health Grade: D
In 2022, Philip Jegede Evangelistic Association reported a deficit of $38K with expenses exceeding revenue, holds 1.9 months of operating reserves (limited), has a debt-to-asset ratio of 212.8% (high leverage).
Financial Trends
Over 11 years of filings (2012–2022), Philip Jegede Evangelistic Association's revenue has declined at a compound annual growth rate (CAGR) of -1.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -12.7% | -7.1% | -3.5% |
| 2021 | +3.4% | +19.6% | -56.1% |
| 2020 | +0.7% | -4.9% | -32.4% |
| 2019 | +46.9% | +47.6% | -1.4% |
| 2018 | -7.9% | -7.3% | -46.4% |
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 Philip Jegede Evangelistic Association 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 Philip Jegede Evangelistic Association 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 (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $38K, with expenses exceeding revenue.
- Debt-to-asset ratio: 212.8%.
Frequently Asked Questions about Philip Jegede Evangelistic Association
Is Philip Jegede Evangelistic Association a legitimate charity?
Philip Jegede Evangelistic Association (EIN: 270178382) is a registered tax-exempt nonprofit based in Minnesota. It has 11 years of IRS 990 filings on record. Total revenue: $199K. No red flags identified. Financial health grade: D.
How does Philip Jegede Evangelistic Association spend its money?
Philip Jegede Evangelistic Association reported $199K in total revenue in IRS 990 filings. 11 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Philip Jegede Evangelistic Association tax-deductible?
Philip Jegede Evangelistic Association is registered as a tax-exempt nonprofit (EIN: 270178382). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Philip Jegede Evangelistic Association located?
Philip Jegede Evangelistic Association is headquartered in Minneapolis, Minnesota and files with the IRS under EIN 270178382. It is classified under NTEE code X21.
How many years of IRS 990 filings does Philip Jegede Evangelistic Association have?
Philip Jegede Evangelistic Association has 11 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 $199K in total revenue.
Filing History
IRS 990 filing history for Philip Jegede Evangelistic Association showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2012–2022), Philip Jegede Evangelistic Association's revenue has declined by 12.7%, moving from $194K to $170K. Total assets decreased by 78.6% over the same period, from $152K to $33K. Total functional expenses rose by 143.3%, from $85K to $208K. In its most recent filing year (2022), Philip Jegede Evangelistic Association reported a deficit of $38K, with expenses exceeding revenue. The organization holds $69K in liabilities against $33K in assets (debt-to-asset ratio: 212.8%), resulting in net assets of $-36,797.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $170K | $208K | $33K | $69K | — | View 990 |
| 2021 | $195K | $223K | $34K | $46K | — | View 990 |
| 2020 | $188K | $187K | $77K | $60K | — | — |
| 2019 | $187K | $196K | $114K | $83K | — | View 990 |
| 2018 | $127K | $133K | $116K | $85K | — | View 990 |
| 2017 | $138K | $144K | $215K | $71K | — | View 990 |
| 2016 | $75K | $163K | $213K | $70K | — | View 990 |
| 2015 | $474K | $161K | $510K | $49K | — | View 990 |
| 2014 | $350K | $154K | $310K | $33K | — | — |
| 2013 | $103K | $98K | $143K | $34K | — | View 990 |
| 2012 | $194K | $85K | $152K | $30K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $170K, expenses of $208K, and assets of $33K (revenue -12.7% year-over-year).
- 2021: Revenue of $195K, expenses of $223K, and assets of $34K (revenue +3.4% year-over-year).
- 2020: Revenue of $188K, expenses of $187K, and assets of $77K (revenue +0.7% year-over-year).
- 2019: Revenue of $187K, expenses of $196K, and assets of $114K (revenue +46.9% year-over-year).
- 2018: Revenue of $127K, expenses of $133K, and assets of $116K (revenue -7.9% year-over-year).
- 2017: Revenue of $138K, expenses of $144K, and assets of $215K (revenue +82.9% year-over-year).
- 2016: Revenue of $75K, expenses of $163K, and assets of $213K (revenue -84.1% year-over-year).
- 2015: Revenue of $474K, expenses of $161K, and assets of $510K (revenue +35.5% year-over-year).
- 2014: Revenue of $350K, expenses of $154K, and assets of $310K (revenue +240.6% year-over-year).
- 2013: Revenue of $103K, expenses of $98K, and assets of $143K (revenue -47.2% year-over-year).
- 2012: Revenue of $194K, expenses of $85K, and assets of $152K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Philip Jegede Evangelistic Association:
Data Sources and Methodology
This transparency report for Philip Jegede Evangelistic Association 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.