Pray Love Unite Ministries Incorporated
EIN: 472405896 · Bessemer, AL · NTEE: X20
Is Pray Love Unite Ministries Incorporated Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Pray Love Unite Ministries Incorporated
Pray Love Unite Ministries Incorporated (EIN: 472405896) is a nonprofit organization based in Bessemer, AL, classified under NTEE code X20. The organization reported total revenue of $321K and total assets of $351K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Pray Love Unite Ministries Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Pray Love Unite Ministries Incorporated is a small nonprofit that has been operating for 11 years, with 7 years of IRS 990 filings on record (2017–2023). Revenue has grown at a compound annual rate of 19.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $306K |
| Total Expenses | $270K |
| Surplus / Deficit | +$36K |
| Total Assets | $346K |
| Total Liabilities | $152K |
| Net Assets | $194K |
| Operating Margin | 11.8% |
| Debt-to-Asset Ratio | 43.9% |
| Months of Reserves | 15.4 months |
Financial Health Grade: A
In 2023, Pray Love Unite Ministries Incorporated reported a surplus of $36K with revenue exceeding expenses, holds 15.4 months of operating reserves (strong position), has a debt-to-asset ratio of 43.9% (moderate leverage).
Financial Trends
Over 7 years of filings (2017–2023), Pray Love Unite Ministries Incorporated's revenue has grown at a compound annual growth rate (CAGR) of 19.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +30.4% | +22.0% | +6.6% |
| 2022 | -6.0% | +4.5% | +-0.0% |
| 2021 | +30.3% | +52.1% | +198.9% |
| 2020 | +23.5% | +9.6% | +96.0% |
| 2019 | +83.5% | +50.2% | +126.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2015 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Pray Love Unite Ministries Incorporated 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 Pray Love Unite Ministries Incorporated 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 surplus of $36K, with revenue exceeding expenses.
- Debt-to-asset ratio: 43.9%.
Frequently Asked Questions about Pray Love Unite Ministries Incorporated
Is Pray Love Unite Ministries Incorporated a legitimate charity?
Based on AI analysis of IRS 990 filings, Pray Love Unite Ministries Incorporated (EIN: 472405896) insufficient data. 0 red flags identified, 0 strengths noted.
How does Pray Love Unite Ministries Incorporated spend its money?
Detailed spending breakdown data is not yet available for Pray Love Unite Ministries Incorporated. Check back for updated IRS 990 analysis.
Are donations to Pray Love Unite Ministries Incorporated tax-deductible?
Pray Love Unite Ministries Incorporated is registered as a tax-exempt nonprofit (EIN: 472405896). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Pray Love Unite Ministries Incorporated showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2017–2023), Pray Love Unite Ministries Incorporated's revenue has grown by 187.8%, moving from $106K to $306K. Total assets increased by 1296.3% over the same period, from $25K to $346K. Total functional expenses rose by 214.5%, from $86K to $270K. In its most recent filing year (2023), Pray Love Unite Ministries Incorporated reported a surplus of $36K, with revenue exceeding expenses. The organization holds $152K in liabilities against $346K in assets (debt-to-asset ratio: 43.9%), resulting in net assets of $194K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $306K | $270K | $346K | $152K | — | — |
| 2022 | $235K | $221K | $325K | $167K | — | View 990 |
| 2021 | $250K | $212K | $325K | $181K | — | View 990 |
| 2020 | $192K | $139K | $109K | $3K | — | — |
| 2019 | $155K | $127K | $55K | $3K | — | View 990 |
| 2018 | $85K | $85K | $25K | $0 | — | View 990 |
| 2017 | $106K | $86K | $25K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $306K, expenses of $270K, and assets of $346K (revenue +30.4% year-over-year).
- 2022: Revenue of $235K, expenses of $221K, and assets of $325K (revenue -6.0% year-over-year).
- 2021: Revenue of $250K, expenses of $212K, and assets of $325K (revenue +30.3% year-over-year).
- 2020: Revenue of $192K, expenses of $139K, and assets of $109K (revenue +23.5% year-over-year).
- 2019: Revenue of $155K, expenses of $127K, and assets of $55K (revenue +83.5% year-over-year).
- 2018: Revenue of $85K, expenses of $85K, and assets of $25K (revenue -20.4% year-over-year).
- 2017: Revenue of $106K, expenses of $86K, and assets of $25K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Pray Love Unite Ministries Incorporated:
Data Sources and Methodology
This transparency report for Pray Love Unite Ministries Incorporated 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.