Proverbs 226
EIN: 454417763 · Concord, NC · NTEE: B82
| Metric | Value |
|---|---|
| Total Revenue | $273K |
| Total Expenses | $231K |
| Net Assets | $54K |
Is Proverbs 226 Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Proverbs 226
Proverbs 226 (EIN: 454417763) is a nonprofit organization based in Concord, NC, classified under NTEE code B82. The organization reported total revenue of $273K and total assets of $54K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Proverbs 226's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Proverbs 226 is a small nonprofit that has been operating for 14 years, with 9 years of IRS 990 filings on record (2014–2023). Revenue has grown at a compound annual rate of 18.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $273K |
| Total Expenses | $231K |
| Surplus / Deficit | +$42K |
| Total Assets | $54K |
| Net Assets | $54K |
| Operating Margin | 15.3% |
| Months of Reserves | 2.8 months |
Financial Health Grade: A
In 2023, Proverbs 226 reported a surplus of $42K with revenue exceeding expenses, holds 2.8 months of operating reserves (limited).
Financial Trends
Over 9 years of filings (2014–2023), Proverbs 226's revenue has grown at a compound annual growth rate (CAGR) of 18.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +21.7% | -2.4% | -10.8% |
| 2022 | +3.9% | +21.4% | +132.5% |
| 2021 | +3.0% | -9.2% | +121.5% |
| 2020 | -2.3% | +3.0% | -43.9% |
| 2019 | -39.5% | -43.2% | +1.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2012 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Proverbs 226 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 Proverbs 226 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 $42K, with revenue exceeding expenses.
Frequently Asked Questions about Proverbs 226
Is Proverbs 226 a legitimate charity?
Proverbs 226 (EIN: 454417763) is a registered tax-exempt nonprofit based in North Carolina. It has 9 years of IRS 990 filings on record. Total revenue: $273K. No red flags identified. Financial health grade: A.
How does Proverbs 226 spend its money?
Proverbs 226 reported $273K in total revenue in IRS 990 filings. 9 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Proverbs 226 tax-deductible?
Proverbs 226 is registered as a tax-exempt nonprofit (EIN: 454417763). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Proverbs 226 located?
Proverbs 226 is headquartered in Concord, North Carolina and files with the IRS under EIN 454417763. It is classified under NTEE code B82.
How many years of IRS 990 filings does Proverbs 226 have?
Proverbs 226 has 9 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 $273K in total revenue.
Filing History
IRS 990 filing history for Proverbs 226 showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2014–2023), Proverbs 226's revenue has grown by 354.9%, moving from $60K to $273K. Total assets increased by 1428.8% over the same period, from $4K to $54K. Total functional expenses rose by 290.8%, from $59K to $231K. In its most recent filing year (2023), Proverbs 226 reported a surplus of $42K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $273K | $231K | $54K | $0 | — | — |
| 2022 | $224K | $237K | $60K | $48K | — | View 990 |
| 2021 | $215K | $195K | $26K | $8K | — | View 990 |
| 2020 | $209K | $215K | $12K | $13K | — | View 990 |
| 2019 | $214K | $208K | $21K | $12K | — | View 990 |
| 2018 | $354K | $367K | $20K | $16K | — | View 990 |
| 2016 | $231K | $241K | $26K | $25K | — | View 990 |
| 2015 | $123K | $117K | $10K | $0 | — | View 990 |
| 2014 | $60K | $59K | $4K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $273K, expenses of $231K, and assets of $54K (revenue +21.7% year-over-year).
- 2022: Revenue of $224K, expenses of $237K, and assets of $60K (revenue +3.9% year-over-year).
- 2021: Revenue of $215K, expenses of $195K, and assets of $26K (revenue +3.0% year-over-year).
- 2020: Revenue of $209K, expenses of $215K, and assets of $12K (revenue -2.3% year-over-year).
- 2019: Revenue of $214K, expenses of $208K, and assets of $21K (revenue -39.5% year-over-year).
- 2018: Revenue of $354K, expenses of $367K, and assets of $20K (revenue +53.3% year-over-year).
- 2016: Revenue of $231K, expenses of $241K, and assets of $26K (revenue +87.8% year-over-year).
- 2015: Revenue of $123K, expenses of $117K, and assets of $10K (revenue +105.3% year-over-year).
- 2014: Revenue of $60K, expenses of $59K, and assets of $4K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Proverbs 226:
Data Sources and Methodology
This transparency report for Proverbs 226 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.