The Redeemed Christian Church Of God Family Praise Chapel Inc
EIN: 582255104 · Decatur, GA · NTEE: X20
| Metric | Value |
|---|---|
| Total Revenue | $1.1M |
| Total Expenses | $931K |
| Net Assets | $2.9M |
Is The Redeemed Christian Church Of God Family Praise Chapel Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About The Redeemed Christian Church Of God Family Praise Chapel Inc
The Redeemed Christian Church Of God Family Praise Chapel Inc (EIN: 582255104) is a nonprofit organization based in Decatur, GA, classified under NTEE code X20. The organization reported total revenue of $1.1M and total assets of $3.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Redeemed Christian Church Of God Family Praise Chapel Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Redeemed Christian Church Of God Family Praise Chapel Inc is a mid-size nonprofit that has been operating for 7 years, with 10 years of IRS 990 filings on record (2014–2023). Revenue has grown at a compound annual rate of 6.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.1M |
| Total Expenses | $931K |
| Surplus / Deficit | +$191K |
| Total Assets | $2.9M |
| Net Assets | $2.9M |
| Operating Margin | 17.0% |
| Months of Reserves | 37.1 months |
Financial Health Grade: A
In 2023, The Redeemed Christian Church Of God Family Praise Chapel Inc reported a surplus of $191K with revenue exceeding expenses, holds 37.1 months of operating reserves (strong position).
Financial Trends
Over 10 years of filings (2014–2023), The Redeemed Christian Church Of God Family Praise Chapel Inc's revenue has grown at a compound annual growth rate (CAGR) of 6.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +26.0% | +56.7% | +7.1% |
| 2022 | +1.0% | +4.2% | +12.4% |
| 2021 | +16.7% | +5.8% | +15.0% |
| 2020 | -10.1% | -26.0% | +14.8% |
| 2019 | +6.3% | +9.6% | +6.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 2019 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for The Redeemed Christian Church Of God Family Praise Chapel 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 The Redeemed Christian Church Of God Family Praise Chapel 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 $191K, with revenue exceeding expenses.
Frequently Asked Questions about The Redeemed Christian Church Of God Family Praise Chapel Inc
Is The Redeemed Christian Church Of God Family Praise Chapel Inc a legitimate charity?
The Redeemed Christian Church Of God Family Praise Chapel Inc (EIN: 582255104) is a registered tax-exempt nonprofit based in Georgia. It has 10 years of IRS 990 filings on record. Total revenue: $1.1M. No red flags identified. Financial health grade: A.
How does The Redeemed Christian Church Of God Family Praise Chapel Inc spend its money?
The Redeemed Christian Church Of God Family Praise Chapel Inc reported $1.1M in total revenue in IRS 990 filings. 10 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to The Redeemed Christian Church Of God Family Praise Chapel Inc tax-deductible?
The Redeemed Christian Church Of God Family Praise Chapel Inc is registered as a tax-exempt nonprofit (EIN: 582255104). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is The Redeemed Christian Church Of God Family Praise Chapel Inc located?
The Redeemed Christian Church Of God Family Praise Chapel Inc is headquartered in Decatur, Georgia and files with the IRS under EIN 582255104. It is classified under NTEE code X20.
How many years of IRS 990 filings does The Redeemed Christian Church Of God Family Praise Chapel Inc have?
The Redeemed Christian Church Of God Family Praise Chapel Inc has 10 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 $1.1M in total revenue.
Filing History
IRS 990 filing history for The Redeemed Christian Church Of God Family Praise Chapel Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2014–2023), The Redeemed Christian Church Of God Family Praise Chapel Inc's revenue has grown by 69.2%, moving from $663K to $1.1M. Total assets increased by 64.8% over the same period, from $1.7M to $2.9M. Total functional expenses rose by 96.1%, from $475K to $931K. In its most recent filing year (2023), The Redeemed Christian Church Of God Family Praise Chapel Inc reported a surplus of $191K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.1M | $931K | $2.9M | $0 | — | View 990 |
| 2022 | $890K | $594K | $2.7M | $0 | — | View 990 |
| 2021 | $881K | $570K | $2.4M | $0 | — | — |
| 2020 | $755K | $539K | $2.1M | $51K | — | View 990 |
| 2019 | $840K | $729K | $1.8M | $0 | — | View 990 |
| 2018 | $790K | $665K | $1.7M | $0 | — | View 990 |
| 2017 | $730K | $652K | $1.6M | $0 | — | View 990 |
| 2016 | $732K | $560K | $1.6M | $84K | — | View 990 |
| 2015 | $651K | $483K | $1.8M | $521K | — | View 990 |
| 2014 | $663K | $475K | $1.7M | $588K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.1M, expenses of $931K, and assets of $2.9M (revenue +26.0% year-over-year).
- 2022: Revenue of $890K, expenses of $594K, and assets of $2.7M (revenue +1.0% year-over-year).
- 2021: Revenue of $881K, expenses of $570K, and assets of $2.4M (revenue +16.7% year-over-year).
- 2020: Revenue of $755K, expenses of $539K, and assets of $2.1M (revenue -10.1% year-over-year).
- 2019: Revenue of $840K, expenses of $729K, and assets of $1.8M (revenue +6.3% year-over-year).
- 2018: Revenue of $790K, expenses of $665K, and assets of $1.7M (revenue +8.2% year-over-year).
- 2017: Revenue of $730K, expenses of $652K, and assets of $1.6M (revenue -0.2% year-over-year).
- 2016: Revenue of $732K, expenses of $560K, and assets of $1.6M (revenue +12.3% year-over-year).
- 2015: Revenue of $651K, expenses of $483K, and assets of $1.8M (revenue -1.8% year-over-year).
- 2014: Revenue of $663K, expenses of $475K, and assets of $1.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Redeemed Christian Church Of God Family Praise Chapel Inc:
Data Sources and Methodology
This transparency report for The Redeemed Christian Church Of God Family Praise Chapel 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.