Richlands Community Outreach Ministry
EIN: 562206421 · Richlands, NC · NTEE: K31
| Metric | Value |
|---|---|
| Total Revenue | $322K |
| Total Expenses | $160K |
| Net Assets | $1.5M |
Is Richlands Community Outreach Ministry Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Richlands Community Outreach Ministry
Richlands Community Outreach Ministry (EIN: 562206421) is a nonprofit organization based in Richlands, NC, classified under NTEE code K31. The organization reported total revenue of $322K and total assets of $1.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Richlands Community Outreach Ministry's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Richlands Community Outreach Ministry is a small nonprofit that has been operating for 23 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of 7.2%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $307K |
| Total Expenses | $160K |
| Surplus / Deficit | +$146K |
| Total Assets | $1.5M |
| Net Assets | $1.5M |
| Operating Margin | 47.7% |
| Months of Reserves | 109.6 months |
Financial Health Grade: A
In 2022, Richlands Community Outreach Ministry reported a surplus of $146K with revenue exceeding expenses, holds 109.6 months of operating reserves (strong position).
Financial Trends
Over 12 years of filings (2011–2022), Richlands Community Outreach Ministry's revenue has grown at a compound annual growth rate (CAGR) of 7.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +15.7% | +3.8% | +11.1% |
| 2021 | +14.3% | +23.0% | +9.1% |
| 2020 | -0.7% | +14.6% | +9.6% |
| 2019 | +1.9% | -37.0% | +12.6% |
| 2018 | +2.5% | +62.1% | +5.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2003 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Richlands Community Outreach Ministry 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 Richlands Community Outreach Ministry 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 (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $146K, with revenue exceeding expenses.
Frequently Asked Questions about Richlands Community Outreach Ministry
Is Richlands Community Outreach Ministry a legitimate charity?
Based on AI analysis of IRS 990 filings, Richlands Community Outreach Ministry (EIN: 562206421) insufficient data. 0 red flags identified, 0 strengths noted.
How does Richlands Community Outreach Ministry spend its money?
Detailed spending breakdown data is not yet available for Richlands Community Outreach Ministry. Check back for updated IRS 990 analysis.
Are donations to Richlands Community Outreach Ministry tax-deductible?
Richlands Community Outreach Ministry is registered as a tax-exempt nonprofit (EIN: 562206421). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Richlands Community Outreach Ministry located?
Richlands Community Outreach Ministry is headquartered in Richlands, North Carolina and files with the IRS under EIN 562206421. It is classified under NTEE code K31.
How many years of IRS 990 filings does Richlands Community Outreach Ministry have?
Richlands Community Outreach Ministry has 12 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 $322K in total revenue.
Filing History
IRS 990 filing history for Richlands Community Outreach Ministry showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Richlands Community Outreach Ministry's revenue has grown by 113.8%, moving from $143K to $307K. Total assets increased by 131.3% over the same period, from $634K to $1.5M. Total functional expenses rose by 79.1%, from $90K to $160K. In its most recent filing year (2022), Richlands Community Outreach Ministry reported a surplus of $146K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $307K | $160K | $1.5M | $0 | — | View 990 |
| 2021 | $265K | $155K | $1.3M | $0 | — | View 990 |
| 2020 | $232K | $126K | $1.2M | $0 | — | View 990 |
| 2019 | $233K | $110K | $1.1M | $0 | — | View 990 |
| 2018 | $229K | $174K | $979K | $0 | — | View 990 |
| 2017 | $224K | $108K | $924K | $0 | — | View 990 |
| 2016 | $200K | $119K | $808K | $0 | — | View 990 |
| 2015 | $203K | $109K | $727K | $0 | — | View 990 |
| 2014 | $195K | $93K | $726K | $92K | — | View 990 |
| 2013 | $180K | $96K | $695K | $164K | — | View 990 |
| 2012 | $170K | $88K | $679K | $232K | — | View 990 |
| 2011 | $143K | $90K | $634K | $268K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $307K, expenses of $160K, and assets of $1.5M (revenue +15.7% year-over-year).
- 2021: Revenue of $265K, expenses of $155K, and assets of $1.3M (revenue +14.3% year-over-year).
- 2020: Revenue of $232K, expenses of $126K, and assets of $1.2M (revenue -0.7% year-over-year).
- 2019: Revenue of $233K, expenses of $110K, and assets of $1.1M (revenue +1.9% year-over-year).
- 2018: Revenue of $229K, expenses of $174K, and assets of $979K (revenue +2.5% year-over-year).
- 2017: Revenue of $224K, expenses of $108K, and assets of $924K (revenue +11.6% year-over-year).
- 2016: Revenue of $200K, expenses of $119K, and assets of $808K (revenue -1.2% year-over-year).
- 2015: Revenue of $203K, expenses of $109K, and assets of $727K (revenue +4.0% year-over-year).
- 2014: Revenue of $195K, expenses of $93K, and assets of $726K (revenue +8.1% year-over-year).
- 2013: Revenue of $180K, expenses of $96K, and assets of $695K (revenue +6.5% year-over-year).
- 2012: Revenue of $170K, expenses of $88K, and assets of $679K (revenue +18.2% year-over-year).
- 2011: Revenue of $143K, expenses of $90K, and assets of $634K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Richlands Community Outreach Ministry:
Data Sources and Methodology
This transparency report for Richlands Community Outreach Ministry 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.