Solomons Porch Worship Center
EIN: 800184356 · Jessup, MD · NTEE: X20
| Metric | Value |
|---|---|
| Total Revenue | $279K |
| Total Expenses | $259K |
| Net Assets | $97K |
Is Solomons Porch Worship Center Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Solomons Porch Worship Center
Solomons Porch Worship Center (EIN: 800184356) is a nonprofit organization based in Jessup, MD, classified under NTEE code X20. The organization reported total revenue of $279K and total assets of $561K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Solomons Porch Worship Center's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Solomons Porch Worship Center is a small nonprofit that has been operating for 17 years, with 5 years of IRS 990 filings on record (2018–2023). Revenue has grown at a compound annual rate of 3.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $260K |
| Total Expenses | $259K |
| Surplus / Deficit | +$592 |
| Total Assets | $577K |
| Total Liabilities | $479K |
| Net Assets | $97K |
| Operating Margin | 0.2% |
| Debt-to-Asset Ratio | 83.1% |
| Months of Reserves | 26.7 months |
Financial Health Grade: A
In 2023, Solomons Porch Worship Center reported a surplus of $592 with revenue exceeding expenses, holds 26.7 months of operating reserves (strong position), has a debt-to-asset ratio of 83.1% (high leverage).
Financial Trends
Over 5 years of filings (2018–2023), Solomons Porch Worship Center's revenue has grown at a compound annual growth rate (CAGR) of 3.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +7.8% | +26.7% | -2.3% |
| 2022 | -16.4% | -23.7% | +5.8% |
| 2021 | +28.1% | +31.3% | -1.8% |
| 2020 | +1.5% | -4.7% | +4305.4% |
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 Analysis Pending
AI enrichment for Solomons Porch Worship Center 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 Solomons Porch Worship Center 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 $592, with revenue exceeding expenses.
- Debt-to-asset ratio: 83.1%.
Frequently Asked Questions about Solomons Porch Worship Center
Is Solomons Porch Worship Center a legitimate charity?
Based on AI analysis of IRS 990 filings, Solomons Porch Worship Center (EIN: 800184356) insufficient data. 0 red flags identified, 0 strengths noted.
How does Solomons Porch Worship Center spend its money?
Detailed spending breakdown data is not yet available for Solomons Porch Worship Center. Check back for updated IRS 990 analysis.
Are donations to Solomons Porch Worship Center tax-deductible?
Solomons Porch Worship Center is registered as a tax-exempt nonprofit (EIN: 800184356). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Solomons Porch Worship Center located?
Solomons Porch Worship Center is headquartered in Jessup, Maryland and files with the IRS under EIN 800184356. It is classified under NTEE code X20.
How many years of IRS 990 filings does Solomons Porch Worship Center have?
Solomons Porch Worship Center has 5 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 $279K in total revenue.
Filing History
IRS 990 filing history for Solomons Porch Worship Center showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2018–2023), Solomons Porch Worship Center's revenue has grown by 17.2%, moving from $221K to $260K. Total assets increased by 4370.8% over the same period, from $13K to $577K. Total functional expenses rose by 20.9%, from $214K to $259K. In its most recent filing year (2023), Solomons Porch Worship Center reported a surplus of $592, with revenue exceeding expenses. The organization holds $479K in liabilities against $577K in assets (debt-to-asset ratio: 83.1%), resulting in net assets of $97K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $260K | $259K | $577K | $479K | — | View 990 |
| 2022 | $241K | $204K | $590K | $494K | — | View 990 |
| 2021 | $288K | $268K | $558K | $497K | — | View 990 |
| 2020 | $225K | $204K | $568K | $528K | — | — |
| 2018 | $221K | $214K | $13K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $260K, expenses of $259K, and assets of $577K (revenue +7.8% year-over-year).
- 2022: Revenue of $241K, expenses of $204K, and assets of $590K (revenue -16.4% year-over-year).
- 2021: Revenue of $288K, expenses of $268K, and assets of $558K (revenue +28.1% year-over-year).
- 2020: Revenue of $225K, expenses of $204K, and assets of $568K (revenue +1.5% year-over-year).
- 2018: Revenue of $221K, expenses of $214K, and assets of $13K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Solomons Porch Worship Center:
Data Sources and Methodology
This transparency report for Solomons Porch Worship Center 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.