Praying Friends Of The Bridegroom
Praying Friends Of The Bridegroom consistently operates within its means, building assets with no officer compensation.
EIN: 200213016 · Chattanooga, TN · NTEE: X21 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $118K |
| Total Expenses | $83K |
| Program Spending | 90% |
| Net Assets | $63K |
| Transparency Score | 85/100 |
Is Praying Friends Of The Bridegroom Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Praying Friends Of The Bridegroom directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Praying Friends Of The Bridegroom
Praying Friends Of The Bridegroom (EIN: 200213016) is a nonprofit organization based in Chattanooga, TN, classified under NTEE code X21. The organization reported total revenue of $118K and total assets of $63K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Praying Friends Of The Bridegroom's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Praying Friends Of The Bridegroom is a small nonprofit that has been operating for 20 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of -3.4%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $118K |
| Total Expenses | $83K |
| Surplus / Deficit | +$35K |
| Total Assets | $63K |
| Net Assets | $63K |
| Operating Margin | 29.7% |
| Months of Reserves | 9.1 months |
Financial Health Grade: A
In 2024, Praying Friends Of The Bridegroom reported a surplus of $35K with revenue exceeding expenses, holds 9.1 months of operating reserves (strong position).
Financial Trends
Over 14 years of filings (2011–2024), Praying Friends Of The Bridegroom's revenue has declined at a compound annual growth rate (CAGR) of -3.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -15.8% | -35.1% | +123.6% |
| 2023 | -19.6% | -27.2% | +82.5% |
| 2022 | +105.9% | +115.2% | -7.4% |
| 2021 | +20.4% | +23.4% | +22.6% |
| 2020 | -31.0% | -31.1% | +44.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2700 |
| IRS Ruling Date | 2006 |
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 Praying Friends Of The Bridegroom 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Praying Friends Of The Bridegroom allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $35K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that no officers or key employees receive salaries from the organization. This is highly unusual for an organization of its size and suggests a volunteer-driven leadership model, which significantly reduces administrative overhead.
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 Praying Friends Of The Bridegroom:
- Consistent 0% officer compensation, indicating high efficiency and volunteer leadership.
- Positive asset growth, with assets increasing from $15,368 in 202206 to $62,697 in 202406.
- Zero liabilities reported in the latest filing (202406), demonstrating strong financial management.
- Long history of IRS 990 filings (14 filings), suggesting transparency and compliance.
- Generally operates with a surplus or near break-even, avoiding significant deficits.
Frequently Asked Questions about Praying Friends Of The Bridegroom
Is Praying Friends Of The Bridegroom a legitimate charity?
Praying Friends Of The Bridegroom (EIN: 200213016) is a registered tax-exempt nonprofit based in Tennessee. Our AI analysis gives it a Mission Score of 85/100. It has 14 years of IRS 990 filings on record. Total revenue: $118K. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Praying Friends Of The Bridegroom spend its money?
Praying Friends Of The Bridegroom directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Praying Friends Of The Bridegroom tax-deductible?
Praying Friends Of The Bridegroom is registered as a tax-exempt nonprofit (EIN: 200213016). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Praying Friends Of The Bridegroom compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Praying Friends Of The Bridegroom is above average for NTEE category X21 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Praying Friends Of The Bridegroom located?
Praying Friends Of The Bridegroom is headquartered in Chattanooga, Tennessee and files with the IRS under EIN 200213016. It is classified under NTEE code X21.
How many years of IRS 990 filings does Praying Friends Of The Bridegroom have?
Praying Friends Of The Bridegroom has 14 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 $118K in total revenue.
Is Praying Friends Of The Bridegroom a good charity?
Based on the provided financial data, Praying Friends Of The Bridegroom appears to be a financially sound and efficient charity. It consistently operates within its revenue, has grown its assets, and notably reports 0% officer compensation, suggesting a high dedication of resources to its mission.
How has the organization's financial health changed over time?
The organization has shown a positive trend in financial health, particularly in recent years. While revenues and expenses have fluctuated, the latest filing (202406) shows a significant increase in assets to $62,697 from $28,041 in 202306, and $15,368 in 202206, coupled with zero liabilities, indicating improved financial stability.
What is the organization's approach to executive compensation?
Praying Friends Of The Bridegroom has a highly efficient approach to executive compensation, reporting 0% officer compensation in all available filings. This means that no salaries are paid to its officers, which is a significant factor in minimizing administrative costs.
Filing History
IRS 990 filing history for Praying Friends Of The Bridegroom showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Praying Friends Of The Bridegroom's revenue has declined by 36.2%, moving from $185K to $118K. Total assets increased by 119% over the same period, from $29K to $63K. Total functional expenses fell by 57.2%, from $194K to $83K. In its most recent filing year (2024), Praying Friends Of The Bridegroom reported a surplus of $35K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $118K | $83K | $63K | $0 | — | — |
| 2023 | $140K | $128K | $28K | $409 | — | View 990 |
| 2022 | $175K | $176K | $15K | $0 | — | View 990 |
| 2021 | $85K | $82K | $17K | $0 | — | View 990 |
| 2020 | $70K | $66K | $14K | $42 | — | View 990 |
| 2019 | $102K | $96K | $9K | $71 | — | View 990 |
| 2018 | $77K | $71K | $3K | $74 | — | View 990 |
| 2017 | $76K | $80K | $0 | $2K | — | View 990 |
| 2016 | $99K | $109K | $2K | $314 | — | View 990 |
| 2015 | $98K | $110K | $12K | $210 | — | View 990 |
| 2014 | $135K | $147K | $23K | $0 | — | View 990 |
| 2013 | $172K | $199K | $36K | $0 | — | View 990 |
| 2012 | $215K | $181K | $63K | $0 | — | View 990 |
| 2011 | $185K | $194K | $29K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $118K, expenses of $83K, and assets of $63K (revenue -15.8% year-over-year).
- 2023: Revenue of $140K, expenses of $128K, and assets of $28K (revenue -19.6% year-over-year).
- 2022: Revenue of $175K, expenses of $176K, and assets of $15K (revenue +105.9% year-over-year).
- 2021: Revenue of $85K, expenses of $82K, and assets of $17K (revenue +20.4% year-over-year).
- 2020: Revenue of $70K, expenses of $66K, and assets of $14K (revenue -31.0% year-over-year).
- 2019: Revenue of $102K, expenses of $96K, and assets of $9K (revenue +32.9% year-over-year).
- 2018: Revenue of $77K, expenses of $71K, and assets of $3K (revenue +1.0% year-over-year).
- 2017: Revenue of $76K, expenses of $80K, and assets of $0 (revenue -23.3% year-over-year).
- 2016: Revenue of $99K, expenses of $109K, and assets of $2K (revenue +1.0% year-over-year).
- 2015: Revenue of $98K, expenses of $110K, and assets of $12K (revenue -27.2% year-over-year).
- 2014: Revenue of $135K, expenses of $147K, and assets of $23K (revenue -21.8% year-over-year).
- 2013: Revenue of $172K, expenses of $199K, and assets of $36K (revenue -19.7% year-over-year).
- 2012: Revenue of $215K, expenses of $181K, and assets of $63K (revenue +15.9% year-over-year).
- 2011: Revenue of $185K, expenses of $194K, and assets of $29K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Praying Friends Of The Bridegroom:
Data Sources and Methodology
This transparency report for Praying Friends Of The Bridegroom 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.