Ric Wright Ministries Inc
EIN: 472838404 · White House, TN · NTEE: X21
| Metric | Value |
|---|---|
| Total Revenue | $153K |
| Total Expenses | $137K |
| Net Assets | $37K |
Is Ric Wright Ministries Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Ric Wright Ministries Inc
Ric Wright Ministries Inc (EIN: 472838404) is a nonprofit organization based in White House, TN, classified under NTEE code X21. The organization reported total revenue of $153K and total assets of $116K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ric Wright Ministries Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ric Wright Ministries Inc is a small nonprofit that has been operating for 11 years, with 7 years of IRS 990 filings on record (2017–2023). Revenue has grown at a compound annual rate of 13.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $140K |
| Total Expenses | $137K |
| Surplus / Deficit | +$4K |
| Total Assets | $37K |
| Net Assets | $37K |
| Operating Margin | 2.6% |
| Months of Reserves | 3.2 months |
Financial Health Grade: A
In 2023, Ric Wright Ministries Inc reported a surplus of $4K with revenue exceeding expenses, holds 3.2 months of operating reserves (adequate).
Financial Trends
Over 7 years of filings (2017–2023), Ric Wright Ministries Inc's revenue has grown at a compound annual growth rate (CAGR) of 13.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +7.5% | +12.9% | +11.0% |
| 2022 | +29.0% | +24.7% | +40.1% |
| 2021 | -10.1% | -0.8% | +20.8% |
| 2020 | +35.0% | +19.9% | +299.2% |
| 2019 | +3.8% | +8.2% | -53.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 2015 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Ric Wright Ministries 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 Ric Wright Ministries 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $4K, with revenue exceeding expenses.
Frequently Asked Questions about Ric Wright Ministries Inc
Is Ric Wright Ministries Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Ric Wright Ministries Inc (EIN: 472838404) insufficient data. 0 red flags identified, 0 strengths noted.
How does Ric Wright Ministries Inc spend its money?
Detailed spending breakdown data is not yet available for Ric Wright Ministries Inc. Check back for updated IRS 990 analysis.
Are donations to Ric Wright Ministries Inc tax-deductible?
Ric Wright Ministries Inc is registered as a tax-exempt nonprofit (EIN: 472838404). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Ric Wright Ministries Inc located?
Ric Wright Ministries Inc is headquartered in White House, Tennessee and files with the IRS under EIN 472838404. It is classified under NTEE code X21.
How many years of IRS 990 filings does Ric Wright Ministries Inc have?
Ric Wright Ministries Inc has 7 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 $153K in total revenue.
Filing History
IRS 990 filing history for Ric Wright Ministries Inc showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2017–2023), Ric Wright Ministries Inc's revenue has grown by 113.9%, moving from $66K to $140K. Total assets increased by 559.7% over the same period, from $6K to $37K. Total functional expenses rose by 127.8%, from $60K to $137K. In its most recent filing year (2023), Ric Wright Ministries Inc reported a surplus of $4K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $140K | $137K | $37K | $0 | — | View 990 |
| 2022 | $131K | $121K | $33K | $0 | — | View 990 |
| 2021 | $101K | $97K | $24K | $0 | — | View 990 |
| 2020 | $113K | $98K | $20K | $0 | — | — |
| 2019 | $83K | $82K | $5K | $0 | — | View 990 |
| 2018 | $80K | $75K | $11K | $0 | — | View 990 |
| 2017 | $66K | $60K | $6K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $140K, expenses of $137K, and assets of $37K (revenue +7.5% year-over-year).
- 2022: Revenue of $131K, expenses of $121K, and assets of $33K (revenue +29.0% year-over-year).
- 2021: Revenue of $101K, expenses of $97K, and assets of $24K (revenue -10.1% year-over-year).
- 2020: Revenue of $113K, expenses of $98K, and assets of $20K (revenue +35.0% year-over-year).
- 2019: Revenue of $83K, expenses of $82K, and assets of $5K (revenue +3.8% year-over-year).
- 2018: Revenue of $80K, expenses of $75K, and assets of $11K (revenue +22.5% year-over-year).
- 2017: Revenue of $66K, expenses of $60K, and assets of $6K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ric Wright Ministries Inc:
Data Sources and Methodology
This transparency report for Ric Wright Ministries 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.