Proverbs2717 Inc
Proverbs2717 Inc consistently grows revenue with 0% officer compensation, maintaining lean operations.
EIN: 204885548 · Duluth, GA · NTEE: X20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $784K |
| Total Expenses | $571K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $600,000. |
| Net Assets | $57K |
| Transparency Score | 92/100 |
Is Proverbs2717 Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Proverbs2717 Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Proverbs2717 Inc
Proverbs2717 Inc (EIN: 204885548) is a nonprofit organization based in Duluth, GA, classified under NTEE code X20. The organization reported total revenue of $784K and total assets of $50K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Proverbs2717 Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Proverbs2717 Inc is a small nonprofit that has been operating for 17 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 17.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $586K |
| Total Expenses | $571K |
| Surplus / Deficit | +$16K |
| Total Assets | $69K |
| Total Liabilities | $12K |
| Net Assets | $57K |
| Operating Margin | 2.7% |
| Debt-to-Asset Ratio | 17.7% |
| Months of Reserves | 1.5 months |
Financial Health Grade: A
In 2023, Proverbs2717 Inc reported a surplus of $16K with revenue exceeding expenses, holds 1.5 months of operating reserves (limited), has a debt-to-asset ratio of 17.7% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Proverbs2717 Inc's revenue has grown at a compound annual growth rate (CAGR) of 17.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +14.3% | +8.1% | +17.0% |
| 2022 | +34.9% | +50.8% | -29.5% |
| 2021 | +41.3% | +39.2% | +186.2% |
| 2020 | +48.2% | +26.5% | +85.2% |
| 2019 | +54.3% | +65.6% | -41.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 2009 |
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 Proverbs2717 Inc with a Mission Score of 92 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Proverbs2717 Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% 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 surplus of $16K, with revenue exceeding expenses.
- Debt-to-asset ratio: 17.7%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating a volunteer-led organization or a strong commitment to directing all funds to programmatic activities, which is highly commendable for an organization with annual revenues approaching $600,000.
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 Proverbs2717 Inc's IRS 990 filings:
- Relatively low asset base compared to annual expenses, potentially limiting resilience to unforeseen financial challenges.
Strengths
The following positive indicators were identified for Proverbs2717 Inc:
- Consistent revenue and expense growth over a decade, indicating increasing impact and sustainability.
- 0% officer compensation reported across all filings, demonstrating exceptional commitment to mission-driven spending.
- Expenses closely track revenue, suggesting efficient use of funds and minimal accumulation of idle capital.
- Positive net income in recent years (e.g., $15,551 in 2023), indicating financial stability.
- Strong program focus implied by the lack of executive compensation and lean asset structure.
Frequently Asked Questions about Proverbs2717 Inc
Is Proverbs2717 Inc a legitimate charity?
Proverbs2717 Inc (EIN: 204885548) is a registered tax-exempt nonprofit based in Georgia. Our AI analysis gives it a Mission Score of 92/100. It has 13 years of IRS 990 filings on record. Total revenue: $784K. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does Proverbs2717 Inc spend its money?
Proverbs2717 Inc directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Proverbs2717 Inc tax-deductible?
Proverbs2717 Inc is registered as a tax-exempt nonprofit (EIN: 204885548). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Proverbs2717 Inc CEO make?
Proverbs2717 Inc's highest-compensated officer earns $600,000. annually. The organization reported $784K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Proverbs2717 Inc's spending goes to programs?
Proverbs2717 Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Proverbs2717 Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Proverbs2717 Inc is above average for NTEE category X20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Proverbs2717 Inc located?
Proverbs2717 Inc is headquartered in Duluth, Georgia and files with the IRS under EIN 204885548. It is classified under NTEE code X20.
How many years of IRS 990 filings does Proverbs2717 Inc have?
Proverbs2717 Inc has 13 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 $784K in total revenue.
Is Proverbs2717 Inc a good charity?
Based on the available IRS 990 data, Proverbs2717 Inc appears to be a very good charity. It demonstrates strong program spending, consistent growth, and a remarkable commitment to its mission by reporting 0% officer compensation across all filings.
How has Proverbs2717 Inc's revenue grown over time?
Proverbs2717 Inc has shown significant revenue growth, increasing from $78,358 in 2014 to $586,362 in 2023, representing an increase of over 600% in less than a decade.
What is the organization's approach to executive compensation?
The organization consistently reports 0% officer compensation, indicating that its leadership is either entirely volunteer-based or that no compensation is paid to officers, which is a strong positive for donor confidence and mission focus.
Does Proverbs2717 Inc maintain healthy assets?
While assets have fluctuated, they remain relatively low compared to annual expenses (e.g., $69,356 in assets vs. $570,811 in expenses in 2023). This suggests a lean operational model focused on immediate program delivery rather than accumulating large reserves.
Filing History
IRS 990 filing history for Proverbs2717 Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Proverbs2717 Inc's revenue has grown by 624.7%, moving from $81K to $586K. Total assets decreased by 14.7% over the same period, from $81K to $69K. Total functional expenses rose by 622.5%, from $79K to $571K. In its most recent filing year (2023), Proverbs2717 Inc reported a surplus of $16K, with revenue exceeding expenses. The organization holds $12K in liabilities against $69K in assets (debt-to-asset ratio: 17.7%), resulting in net assets of $57K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $586K | $571K | $69K | $12K | — | — |
| 2022 | $513K | $528K | $59K | $18K | — | View 990 |
| 2021 | $380K | $350K | $84K | $28K | — | View 990 |
| 2020 | $269K | $252K | $29K | $3K | — | — |
| 2019 | $182K | $199K | $16K | $7K | — | View 990 |
| 2018 | $118K | $120K | $27K | $1K | — | View 990 |
| 2017 | $112K | $119K | $39K | $10K | — | View 990 |
| 2016 | $103K | $96K | $88K | $750 | — | View 990 |
| 2015 | $109K | $118K | $82K | $2K | — | View 990 |
| 2014 | $78K | $90K | $91K | $1K | — | View 990 |
| 2013 | $92K | $94K | $81K | $8K | — | View 990 |
| 2012 | $83K | $89K | $77K | $2K | — | View 990 |
| 2011 | $81K | $79K | $81K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $586K, expenses of $571K, and assets of $69K (revenue +14.3% year-over-year).
- 2022: Revenue of $513K, expenses of $528K, and assets of $59K (revenue +34.9% year-over-year).
- 2021: Revenue of $380K, expenses of $350K, and assets of $84K (revenue +41.3% year-over-year).
- 2020: Revenue of $269K, expenses of $252K, and assets of $29K (revenue +48.2% year-over-year).
- 2019: Revenue of $182K, expenses of $199K, and assets of $16K (revenue +54.3% year-over-year).
- 2018: Revenue of $118K, expenses of $120K, and assets of $27K (revenue +4.8% year-over-year).
- 2017: Revenue of $112K, expenses of $119K, and assets of $39K (revenue +9.2% year-over-year).
- 2016: Revenue of $103K, expenses of $96K, and assets of $88K (revenue -5.3% year-over-year).
- 2015: Revenue of $109K, expenses of $118K, and assets of $82K (revenue +38.5% year-over-year).
- 2014: Revenue of $78K, expenses of $90K, and assets of $91K (revenue -14.8% year-over-year).
- 2013: Revenue of $92K, expenses of $94K, and assets of $81K (revenue +11.3% year-over-year).
- 2012: Revenue of $83K, expenses of $89K, and assets of $77K (revenue +2.1% year-over-year).
- 2011: Revenue of $81K, expenses of $79K, and assets of $81K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Proverbs2717 Inc:
Data Sources and Methodology
This transparency report for Proverbs2717 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.