Promised Land Bible Institute Inc
EIN: 731223583 · Edmond, OK · NTEE: X20Z
| Metric | Value |
|---|---|
| Total Revenue | $116K |
| Total Expenses | $179K |
| Net Assets | $-46,463 |
Is Promised Land Bible Institute Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Promised Land Bible Institute Inc
Promised Land Bible Institute Inc (EIN: 731223583) is a nonprofit organization based in Edmond, OK, classified under NTEE code X20Z. The organization reported total revenue of $116K and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Promised Land Bible Institute Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Promised Land Bible Institute Inc is a small nonprofit that has been operating for 39 years, with 11 years of IRS 990 filings on record (2009–2020). Revenue has grown at a compound annual rate of -2.8%.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
| Total Revenue | $73K |
| Total Expenses | $179K |
| Surplus / Deficit | $-105,944 |
| Total Assets | $0 |
| Total Liabilities | $46K |
| Net Assets | $-46,463 |
| Operating Margin | -144.2% |
| Months of Reserves | 0.0 months |
Financial Health Grade: D
In 2020, Promised Land Bible Institute Inc reported a deficit of $106K with expenses exceeding revenue, holds 0.0 months of operating reserves (limited).
Financial Trends
Over 11 years of filings (2009–2020), Promised Land Bible Institute Inc's revenue has declined at a compound annual growth rate (CAGR) of -2.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2020 | -78.2% | -54.0% | -100.0% |
| 2019 | +5.3% | +20.4% | -58.9% |
| 2018 | +75.7% | +125.1% | -6.6% |
| 2017 | +7.7% | +5.9% | -36.0% |
| 2016 | +22.4% | -9.3% | +8.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 1987 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Promised Land Bible Institute Inc 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 Promised Land Bible Institute Inc 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 (2020)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $106K, with expenses exceeding revenue.
Frequently Asked Questions about Promised Land Bible Institute Inc
Is Promised Land Bible Institute Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Promised Land Bible Institute Inc (EIN: 731223583) insufficient data. 0 red flags identified, 0 strengths noted.
How does Promised Land Bible Institute Inc spend its money?
Detailed spending breakdown data is not yet available for Promised Land Bible Institute Inc. Check back for updated IRS 990 analysis.
Are donations to Promised Land Bible Institute Inc tax-deductible?
Promised Land Bible Institute Inc is registered as a tax-exempt nonprofit (EIN: 731223583). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Promised Land Bible Institute Inc located?
Promised Land Bible Institute Inc is headquartered in Edmond, Oklahoma and files with the IRS under EIN 731223583. It is classified under NTEE code X20Z.
How many years of IRS 990 filings does Promised Land Bible Institute Inc have?
Promised Land Bible Institute Inc has 11 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 $116K in total revenue.
Filing History
IRS 990 filing history for Promised Land Bible Institute Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2009–2020), Promised Land Bible Institute Inc's revenue has declined by 26.5%, moving from $100K to $73K. Total assets decreased by 100% over the same period, from $285K to $0. Total functional expenses rose by 39.1%, from $129K to $179K. In its most recent filing year (2020), Promised Land Bible Institute Inc reported a deficit of $106K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2020 | $73K | $179K | $0 | $46K | — | — |
| 2019 | $337K | $390K | $101K | $7K | — | View 990 |
| 2018 | $320K | $324K | $245K | $1K | — | View 990 |
| 2017 | $182K | $144K | $263K | $1K | — | View 990 |
| 2016 | $169K | $136K | $411K | $0 | — | View 990 |
| 2015 | $138K | $150K | $378K | $0 | — | View 990 |
| 2014 | $122K | $121K | $389K | $0 | — | View 990 |
| 2013 | $133K | $105K | $388K | $0 | — | View 990 |
| 2012 | $107K | $109K | $361K | $0 | — | View 990 |
| 2011 | $110K | $97K | $362K | $0 | — | View 990 |
| 2009 | $100K | $129K | $285K | $0 | — | — |
Year-by-Year Financial Summary
- 2020: Revenue of $73K, expenses of $179K, and assets of $0 (revenue -78.2% year-over-year).
- 2019: Revenue of $337K, expenses of $390K, and assets of $101K (revenue +5.3% year-over-year).
- 2018: Revenue of $320K, expenses of $324K, and assets of $245K (revenue +75.7% year-over-year).
- 2017: Revenue of $182K, expenses of $144K, and assets of $263K (revenue +7.7% year-over-year).
- 2016: Revenue of $169K, expenses of $136K, and assets of $411K (revenue +22.4% year-over-year).
- 2015: Revenue of $138K, expenses of $150K, and assets of $378K (revenue +13.2% year-over-year).
- 2014: Revenue of $122K, expenses of $121K, and assets of $389K (revenue -8.2% year-over-year).
- 2013: Revenue of $133K, expenses of $105K, and assets of $388K (revenue +24.1% year-over-year).
- 2012: Revenue of $107K, expenses of $109K, and assets of $361K (revenue -2.7% year-over-year).
- 2011: Revenue of $110K, expenses of $97K, and assets of $362K (revenue +10.1% year-over-year).
- 2009: Revenue of $100K, expenses of $129K, and assets of $285K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Promised Land Bible Institute Inc:
Data Sources and Methodology
This transparency report for Promised Land Bible Institute 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.