Potomac Charismatic Community Inc
EIN: 237139741 · Gaithersburg, MD
| Metric | Value |
|---|---|
| Total Revenue | $316K |
| Total Expenses | $317K |
| Net Assets | $1.9M |
Is Potomac Charismatic Community Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Potomac Charismatic Community Inc
Potomac Charismatic Community Inc (EIN: 237139741) is a nonprofit organization based in Gaithersburg, MD. The organization reported total revenue of $316K and total assets of $1.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Potomac Charismatic Community Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Potomac Charismatic Community Inc is a small nonprofit that has been operating for 54 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of -1.5%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $263K |
| Total Expenses | $317K |
| Surplus / Deficit | $-54,724 |
| Total Assets | $1.9M |
| Total Liabilities | $7K |
| Net Assets | $1.9M |
| Operating Margin | -20.8% |
| Debt-to-Asset Ratio | 0.4% |
| Months of Reserves | 71.4 months |
Financial Health Grade: B
In 2024, Potomac Charismatic Community Inc reported a deficit of $55K with expenses exceeding revenue, holds 71.4 months of operating reserves (strong position), has a debt-to-asset ratio of 0.4% (very low leverage).
Financial Trends
Over 13 years of filings (2012–2024), Potomac Charismatic Community Inc's revenue has declined at a compound annual growth rate (CAGR) of -1.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +42.9% | +41.7% | -7.1% |
| 2023 | -2.5% | -7.7% | +2.6% |
| 2022 | +2.2% | -20.8% | -3.5% |
| 2021 | -2.3% | +47.7% | -4.8% |
| 2020 | +0.1% | -0.7% | -1.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 1972 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Potomac Charismatic Community 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 Potomac Charismatic Community 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $55K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.4%.
Frequently Asked Questions about Potomac Charismatic Community Inc
Is Potomac Charismatic Community Inc a legitimate charity?
Potomac Charismatic Community Inc (EIN: 237139741) is a registered tax-exempt nonprofit based in Maryland. It has 13 years of IRS 990 filings on record. Total revenue: $316K. No red flags identified. Financial health grade: B.
How does Potomac Charismatic Community Inc spend its money?
Potomac Charismatic Community Inc reported $316K in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Potomac Charismatic Community Inc tax-deductible?
Potomac Charismatic Community Inc is registered as a tax-exempt nonprofit (EIN: 237139741). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Potomac Charismatic Community Inc located?
Potomac Charismatic Community Inc is headquartered in Gaithersburg, Maryland and files with the IRS under EIN 237139741.
How many years of IRS 990 filings does Potomac Charismatic Community Inc have?
Potomac Charismatic Community 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 $316K in total revenue.
Filing History
IRS 990 filing history for Potomac Charismatic Community Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Potomac Charismatic Community Inc's revenue has declined by 16.2%, moving from $313K to $263K. Total assets decreased by 29.2% over the same period, from $2.7M to $1.9M. Total functional expenses fell by 18.5%, from $389K to $317K. In its most recent filing year (2024), Potomac Charismatic Community Inc reported a deficit of $55K, with expenses exceeding revenue. The organization holds $7K in liabilities against $1.9M in assets (debt-to-asset ratio: 0.4%), resulting in net assets of $1.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $263K | $317K | $1.9M | $7K | — | — |
| 2023 | $184K | $224K | $2.0M | $5K | — | View 990 |
| 2022 | $189K | $243K | $2.0M | $22K | — | View 990 |
| 2021 | $185K | $306K | $2.1M | $10K | — | View 990 |
| 2020 | $189K | $207K | $2.2M | $3K | — | View 990 |
| 2019 | $189K | $209K | $2.2M | $10K | — | View 990 |
| 2018 | $151K | $213K | $2.2M | $10K | — | View 990 |
| 2017 | $132K | $187K | $2.2M | $3K | — | View 990 |
| 2016 | $144K | $265K | $2.2M | $10K | — | View 990 |
| 2015 | $267K | $311K | $2.4M | $31K | — | View 990 |
| 2014 | $352K | $353K | $2.5M | $147K | — | View 990 |
| 2013 | $298K | $431K | $2.6M | $171K | — | View 990 |
| 2012 | $313K | $389K | $2.7M | $164K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $263K, expenses of $317K, and assets of $1.9M (revenue +42.9% year-over-year).
- 2023: Revenue of $184K, expenses of $224K, and assets of $2.0M (revenue -2.5% year-over-year).
- 2022: Revenue of $189K, expenses of $243K, and assets of $2.0M (revenue +2.2% year-over-year).
- 2021: Revenue of $185K, expenses of $306K, and assets of $2.1M (revenue -2.3% year-over-year).
- 2020: Revenue of $189K, expenses of $207K, and assets of $2.2M (revenue +0.1% year-over-year).
- 2019: Revenue of $189K, expenses of $209K, and assets of $2.2M (revenue +25.0% year-over-year).
- 2018: Revenue of $151K, expenses of $213K, and assets of $2.2M (revenue +14.6% year-over-year).
- 2017: Revenue of $132K, expenses of $187K, and assets of $2.2M (revenue -8.3% year-over-year).
- 2016: Revenue of $144K, expenses of $265K, and assets of $2.2M (revenue -46.3% year-over-year).
- 2015: Revenue of $267K, expenses of $311K, and assets of $2.4M (revenue -24.1% year-over-year).
- 2014: Revenue of $352K, expenses of $353K, and assets of $2.5M (revenue +18.0% year-over-year).
- 2013: Revenue of $298K, expenses of $431K, and assets of $2.6M (revenue -4.8% year-over-year).
- 2012: Revenue of $313K, expenses of $389K, and assets of $2.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Potomac Charismatic Community Inc:
Data Sources and Methodology
This transparency report for Potomac Charismatic Community 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.