Praise Nation Worship Center Inc
Praise Nation Worship Center Inc shows consistent asset growth and no liabilities with volunteer leadership.
EIN: 204131693 · Cuba, AL · NTEE: X20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $95K |
| Total Expenses | $48K |
| Program Spending | 90% |
| Net Assets | $87K |
| Transparency Score | 85/100 |
Is Praise Nation Worship Center Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Praise Nation Worship Center Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Praise Nation Worship Center Inc
Praise Nation Worship Center Inc (EIN: 204131693) is a nonprofit organization based in Cuba, AL, classified under NTEE code X20. The organization reported total revenue of $95K and total assets of $124K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Praise Nation Worship Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Praise Nation Worship Center Inc is a micro nonprofit that has been operating for 8 years, with 3 years of IRS 990 filings on record (2021–2023). Revenue has grown at a compound annual rate of -5.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $57K |
| Total Expenses | $48K |
| Surplus / Deficit | +$9K |
| Total Assets | $87K |
| Net Assets | $87K |
| Operating Margin | 16.4% |
| Months of Reserves | 21.8 months |
Financial Health Grade: A
In 2023, Praise Nation Worship Center Inc reported a surplus of $9K with revenue exceeding expenses, holds 21.8 months of operating reserves (strong position).
Financial Trends
Over 3 years of filings (2021–2023), Praise Nation Worship Center Inc's revenue has declined at a compound annual growth rate (CAGR) of -5.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -38.4% | -1.9% | +12.1% |
| 2022 | +44.2% | -15.9% | +131.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 2018 |
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 Praise Nation Worship Center 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, Praise Nation Worship Center 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 $9K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating a volunteer-led organization. This significantly reduces overhead and allows a greater proportion of funds to be directed towards the organization's mission.
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 Praise Nation Worship Center Inc:
- Consistent asset growth from $33,307 in 2021 to $86,539 in 2023.
- Zero reported liabilities across all filings, indicating strong financial stability.
- 0% officer compensation, suggesting a volunteer-led model and high operational efficiency.
- Expenses consistently lower than revenue, allowing for reinvestment and asset accumulation.
- Positive net income in all reported periods.
Frequently Asked Questions about Praise Nation Worship Center Inc
Is Praise Nation Worship Center Inc a legitimate charity?
Praise Nation Worship Center Inc (EIN: 204131693) is a registered tax-exempt nonprofit based in Alabama. Our AI analysis gives it a Mission Score of 85/100. It has 3 years of IRS 990 filings on record. Total revenue: $95K. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Praise Nation Worship Center Inc spend its money?
Praise Nation Worship Center Inc directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Praise Nation Worship Center Inc tax-deductible?
Praise Nation Worship Center Inc is registered as a tax-exempt nonprofit (EIN: 204131693). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Praise Nation Worship Center Inc's spending goes to programs?
Praise Nation Worship Center Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Praise Nation Worship Center Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Praise Nation Worship Center Inc is above average for NTEE category X20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Praise Nation Worship Center Inc located?
Praise Nation Worship Center Inc is headquartered in Cuba, Alabama and files with the IRS under EIN 204131693. It is classified under NTEE code X20.
How many years of IRS 990 filings does Praise Nation Worship Center Inc have?
Praise Nation Worship Center Inc has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $95K in total revenue.
Is Praise Nation Worship Center Inc a good charity?
Based on the available financial data, Praise Nation Worship Center Inc appears to be a well-managed organization. It has consistently grown its assets, maintains zero liabilities, and reports no officer compensation, suggesting a high degree of financial efficiency and a volunteer-driven model. These factors generally indicate a positive impact on its mission.
How has the organization's revenue trended over the past three years?
The organization's revenue has fluctuated: $64,065 in 2021, $92,386 in 2022, and $56,873 in 2023. While there was a dip in the latest period, the overall trend shows significant activity and growth in assets despite revenue variations.
What is the significance of 0% officer compensation?
0% officer compensation means that the organization's leadership is not drawing a salary from the nonprofit. This is a strong indicator of a volunteer-driven model, which can lead to higher spending efficiency as more funds are available for programs rather than administrative salaries.
Filing History
IRS 990 filing history for Praise Nation Worship Center Inc showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2021–2023), Praise Nation Worship Center Inc's revenue has declined by 11.2%, moving from $64K to $57K. Total assets increased by 159.8% over the same period, from $33K to $87K. Total functional expenses fell by 17.6%, from $58K to $48K. In its most recent filing year (2023), Praise Nation Worship Center Inc reported a surplus of $9K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $57K | $48K | $87K | $0 | — | — |
| 2022 | $92K | $48K | $77K | $0 | — | View 990 |
| 2021 | $64K | $58K | $33K | $0 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $57K, expenses of $48K, and assets of $87K (revenue -38.4% year-over-year).
- 2022: Revenue of $92K, expenses of $48K, and assets of $77K (revenue +44.2% year-over-year).
- 2021: Revenue of $64K, expenses of $58K, and assets of $33K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Praise Nation Worship Center Inc:
Data Sources and Methodology
This transparency report for Praise Nation Worship Center 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.