Preterist Research Instituteincorporated
Preterist Research Instituteincorporated faces declining revenue and consistent operating deficits.
EIN: 205884258 · Ardmore, OK · NTEE: X05 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $73K |
| Total Expenses | $104K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $150,000 |
| Net Assets | $128K |
| Transparency Score | 65/100 |
Is Preterist Research Instituteincorporated Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Preterist Research Instituteincorporated directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Preterist Research Instituteincorporated
Preterist Research Instituteincorporated (EIN: 205884258) is a nonprofit organization based in Ardmore, OK, classified under NTEE code X05. The organization reported total revenue of $73K and total assets of $97K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Preterist Research Instituteincorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Preterist Research Instituteincorporated is a micro nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $97K |
| Total Expenses | $104K |
| Surplus / Deficit | $-6,593 |
| Total Assets | $128K |
| Total Liabilities | $1 |
| Net Assets | $128K |
| Operating Margin | -6.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 14.8 months |
Financial Health Grade: B
In 2023, Preterist Research Instituteincorporated reported a deficit of $7K with expenses exceeding revenue, holds 14.8 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Preterist Research Instituteincorporated's revenue has grown at a compound annual growth rate (CAGR) of 0.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +7.2% | -3.2% | -4.9% |
| 2022 | +1.0% | -2.4% | -10.9% |
| 2021 | -18.3% | -1.4% | -11.8% |
| 2020 | -13.3% | -12.2% | -2.1% |
| 2019 | -72.4% | +7.7% | -50.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Preterist Research Instituteincorporated with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Preterist Research Instituteincorporated allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 deficit of $7K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation, which is highly favorable and indicates that executive salaries are not a drain on resources, especially for an organization of its size with revenues typically under $150,000 in recent years.
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.
Red Flags
The following concerns were identified during AI analysis of Preterist Research Instituteincorporated's IRS 990 filings:
- Consistent operating deficits (expenses exceeding revenue) in recent years (e.g., 2023, 2022, 2021).
- Significant decline in revenue over the past decade, from $458,247 in 2015 to $97,083 in 2023.
- Decreasing asset base, indicating a potential erosion of financial reserves.
Strengths
The following positive indicators were identified for Preterist Research Instituteincorporated:
- Consistently reports 0% officer compensation, indicating efficient use of funds in this area.
- Minimal liabilities reported across all filing periods, suggesting a lack of significant debt.
Frequently Asked Questions about Preterist Research Instituteincorporated
Is Preterist Research Instituteincorporated a legitimate charity?
Based on AI analysis of IRS 990 filings, Preterist Research Instituteincorporated (EIN: 205884258) some concerns. Mission Score: 65/100. 3 red flags identified, 2 strengths noted.
How does Preterist Research Instituteincorporated spend its money?
Preterist Research Instituteincorporated directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Preterist Research Instituteincorporated tax-deductible?
Preterist Research Instituteincorporated is registered as a tax-exempt nonprofit (EIN: 205884258). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Preterist Research Instituteincorporated CEO make?
Preterist Research Instituteincorporated's highest-compensated officer earns $150,000 annually. The organization reported $73K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Preterist Research Instituteincorporated's spending goes to programs?
Preterist Research Instituteincorporated directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Preterist Research Instituteincorporated compare to similar nonprofits?
With a transparency score of 65/100 (Good), Preterist Research Instituteincorporated is above average for NTEE category X05 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Preterist Research Instituteincorporated located?
Preterist Research Instituteincorporated is headquartered in Ardmore, Oklahoma and files with the IRS under EIN 205884258. It is classified under NTEE code X05.
How many years of IRS 990 filings does Preterist Research Instituteincorporated have?
Preterist Research Instituteincorporated has 10 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 $73K in total revenue.
Is Preterist Research Instituteincorporated a good charity?
The organization demonstrates strong financial transparency by consistently reporting zero officer compensation. However, its financial health is challenged by a multi-year trend of declining revenue and expenses exceeding revenue, which has led to a reduction in assets. Its 'goodness' depends on the donor's priorities regarding financial stability versus low executive overhead.
What is the trend in Preterist Research Instituteincorporated's revenue?
Preterist Research Instituteincorporated's revenue has shown a significant downward trend, particularly from a high of $458,247 in 2015 to $97,083 in 2023, with a general decline observed in recent years.
How has Preterist Research Instituteincorporated's asset base changed?
The organization's assets have generally decreased in recent years, from $175,065 in 2019 to $128,074 in 2023, reflecting the impact of operating deficits.
Filing History
IRS 990 filing history for Preterist Research Instituteincorporated showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Preterist Research Instituteincorporated's revenue has grown by 3.2%, moving from $94K to $97K. Total assets increased by 92.3% over the same period, from $67K to $128K. Total functional expenses fell by 3.6%, from $108K to $104K. In its most recent filing year (2023), Preterist Research Instituteincorporated reported a deficit of $7K, with expenses exceeding revenue. The organization holds $1 in liabilities against $128K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $128K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $97K | $104K | $128K | $1 | — | — |
| 2022 | $91K | $107K | $135K | $1 | — | View 990 |
| 2021 | $90K | $110K | $151K | $1 | — | View 990 |
| 2020 | $110K | $111K | $171K | $1 | — | — |
| 2019 | $127K | $127K | $175K | $1 | — | — |
| 2015 | $458K | $118K | $352K | $-2,140 | — | View 990 |
| 2014 | $84K | $115K | $11K | $-2,139 | — | View 990 |
| 2013 | $125K | $143K | $43K | $-1,526 | — | View 990 |
| 2012 | $115K | $119K | $65K | $2K | — | View 990 |
| 2011 | $94K | $108K | $67K | $1K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $97K, expenses of $104K, and assets of $128K (revenue +7.2% year-over-year).
- 2022: Revenue of $91K, expenses of $107K, and assets of $135K (revenue +1.0% year-over-year).
- 2021: Revenue of $90K, expenses of $110K, and assets of $151K (revenue -18.3% year-over-year).
- 2020: Revenue of $110K, expenses of $111K, and assets of $171K (revenue -13.3% year-over-year).
- 2019: Revenue of $127K, expenses of $127K, and assets of $175K (revenue -72.4% year-over-year).
- 2015: Revenue of $458K, expenses of $118K, and assets of $352K (revenue +444.5% year-over-year).
- 2014: Revenue of $84K, expenses of $115K, and assets of $11K (revenue -32.5% year-over-year).
- 2013: Revenue of $125K, expenses of $143K, and assets of $43K (revenue +8.1% year-over-year).
- 2012: Revenue of $115K, expenses of $119K, and assets of $65K (revenue +22.7% year-over-year).
- 2011: Revenue of $94K, expenses of $108K, and assets of $67K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Preterist Research Instituteincorporated:
Data Sources and Methodology
This transparency report for Preterist Research Instituteincorporated 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.