Project Latter Rain Ministries Corp
EIN: 843579144 · Taft, TN · NTEE: X20
| Metric | Value |
|---|---|
| Total Revenue | $408K |
| Total Expenses | $597K |
| Net Assets | $338K |
Is Project Latter Rain Ministries Corp Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Project Latter Rain Ministries Corp
Project Latter Rain Ministries Corp (EIN: 843579144) is a nonprofit organization based in Taft, TN, classified under NTEE code X20. The organization reported total revenue of $408K and total assets of $456K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Project Latter Rain Ministries Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Project Latter Rain Ministries Corp is a small nonprofit that has been operating for 6 years, with 4 years of IRS 990 filings on record (2020–2023). Revenue has grown at a compound annual rate of 67.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $597K |
| Total Expenses | $597K |
| Surplus / Deficit | +$0 |
| Total Assets | $338K |
| Net Assets | $338K |
| Operating Margin | 0.0% |
| Months of Reserves | 6.8 months |
Financial Health Grade: A
In 2023, Project Latter Rain Ministries Corp reported a surplus of $0 with revenue exceeding expenses, holds 6.8 months of operating reserves (strong position).
Financial Trends
Over 4 years of filings (2020–2023), Project Latter Rain Ministries Corp's revenue has grown at a compound annual growth rate (CAGR) of 67.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +59.2% | +466.4% | +0.0% |
| 2022 | +83.0% | -43.7% | +396.0% |
| 2021 | +61.7% | +164.3% | -36.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 2020 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Project Latter Rain Ministries Corp 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 Project Latter Rain Ministries Corp 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 $0, with revenue exceeding expenses.
Frequently Asked Questions about Project Latter Rain Ministries Corp
Is Project Latter Rain Ministries Corp a legitimate charity?
Based on AI analysis of IRS 990 filings, Project Latter Rain Ministries Corp (EIN: 843579144) insufficient data. 0 red flags identified, 0 strengths noted.
How does Project Latter Rain Ministries Corp spend its money?
Detailed spending breakdown data is not yet available for Project Latter Rain Ministries Corp. Check back for updated IRS 990 analysis.
Are donations to Project Latter Rain Ministries Corp tax-deductible?
Project Latter Rain Ministries Corp is registered as a tax-exempt nonprofit (EIN: 843579144). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Project Latter Rain Ministries Corp located?
Project Latter Rain Ministries Corp is headquartered in Taft, Tennessee and files with the IRS under EIN 843579144. It is classified under NTEE code X20.
How many years of IRS 990 filings does Project Latter Rain Ministries Corp have?
Project Latter Rain Ministries Corp has 4 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 $408K in total revenue.
Filing History
IRS 990 filing history for Project Latter Rain Ministries Corp showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2020–2023), Project Latter Rain Ministries Corp's revenue has grown by 371.3%, moving from $127K to $597K. Total assets increased by 217.6% over the same period, from $106K to $338K. Total functional expenses rose by 742.9%, from $71K to $597K. In its most recent filing year (2023), Project Latter Rain Ministries Corp reported a surplus of $0, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $597K | $597K | $338K | $0 | — | — |
| 2022 | $375K | $105K | $338K | $0 | — | View 990 |
| 2021 | $205K | $187K | $68K | $0 | — | — |
| 2020 | $127K | $71K | $106K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $597K, expenses of $597K, and assets of $338K (revenue +59.2% year-over-year).
- 2022: Revenue of $375K, expenses of $105K, and assets of $338K (revenue +83.0% year-over-year).
- 2021: Revenue of $205K, expenses of $187K, and assets of $68K (revenue +61.7% year-over-year).
- 2020: Revenue of $127K, expenses of $71K, and assets of $106K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Project Latter Rain Ministries Corp:
Data Sources and Methodology
This transparency report for Project Latter Rain Ministries Corp 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.