Tri State Gospel Inc
EIN: 611284890 · Falmouth, KY · NTEE: X20Z
| Metric | Value |
|---|---|
| Total Revenue | $59K |
| Total Expenses | $59K |
| Net Assets | $6K |
Is Tri State Gospel Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Tri State Gospel Inc
Tri State Gospel Inc (EIN: 611284890) is a nonprofit organization based in Falmouth, KY, classified under NTEE code X20Z. The organization reported total revenue of $59K and total assets of $6K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Tri State Gospel Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Tri State Gospel Inc is a micro nonprofit that has been operating for 31 years, with 12 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of -2.4%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $59K |
| Total Expenses | $59K |
| Surplus / Deficit | $-416 |
| Total Assets | $6K |
| Net Assets | $6K |
| Operating Margin | -0.7% |
| Months of Reserves | 1.2 months |
Financial Health Grade: C
In 2024, Tri State Gospel Inc reported a deficit of $416 with expenses exceeding revenue, holds 1.2 months of operating reserves (limited).
Financial Trends
Over 12 years of filings (2012–2024), Tri State Gospel Inc's revenue has declined at a compound annual growth rate (CAGR) of -2.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -15.1% | -11.7% | -6.5% |
| 2023 | +30.6% | +4.7% | -55.0% |
| 2021 | -19.7% | -48.4% | -43.8% |
| 2020 | -68.8% | +3.3% | -69.7% |
| 2019 | +162.8% | +43.8% | — |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1995 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Tri State Gospel 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 Tri State Gospel 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $416, with expenses exceeding revenue.
Frequently Asked Questions about Tri State Gospel Inc
Is Tri State Gospel Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Tri State Gospel Inc (EIN: 611284890) insufficient data. 0 red flags identified, 0 strengths noted.
How does Tri State Gospel Inc spend its money?
Detailed spending breakdown data is not yet available for Tri State Gospel Inc. Check back for updated IRS 990 analysis.
Are donations to Tri State Gospel Inc tax-deductible?
Tri State Gospel Inc is registered as a tax-exempt nonprofit (EIN: 611284890). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Tri State Gospel Inc located?
Tri State Gospel Inc is headquartered in Falmouth, Kentucky and files with the IRS under EIN 611284890. It is classified under NTEE code X20Z.
How many years of IRS 990 filings does Tri State Gospel Inc have?
Tri State Gospel Inc 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 $59K in total revenue.
Filing History
IRS 990 filing history for Tri State Gospel Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2024), Tri State Gospel Inc's revenue has declined by 25.4%, moving from $79K to $59K. Total assets decreased by 84.9% over the same period, from $39K to $6K. Total functional expenses fell by 47.2%, from $112K to $59K. In its most recent filing year (2024), Tri State Gospel Inc reported a deficit of $416, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $59K | $59K | $6K | $0 | — | — |
| 2023 | $69K | $67K | $6K | $0 | — | View 990 |
| 2021 | $53K | $64K | $14K | $0 | — | — |
| 2020 | $66K | $124K | $25K | $0 | — | View 990 |
| 2019 | $211K | $120K | $83K | $0 | — | — |
| 2018 | $80K | $84K | $0 | $-7,993 | — | — |
| 2017 | $92K | $98K | $-4,913 | $0 | — | — |
| 2016 | $107K | $108K | $997 | $0 | — | View 990 |
| 2015 | $78K | $91K | $2K | $0 | — | View 990 |
| 2014 | $97K | $115K | $15K | $0 | — | View 990 |
| 2013 | $98K | $105K | $33K | $0 | — | View 990 |
| 2012 | $79K | $112K | $39K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $59K, expenses of $59K, and assets of $6K (revenue -15.1% year-over-year).
- 2023: Revenue of $69K, expenses of $67K, and assets of $6K (revenue +30.6% year-over-year).
- 2021: Revenue of $53K, expenses of $64K, and assets of $14K (revenue -19.7% year-over-year).
- 2020: Revenue of $66K, expenses of $124K, and assets of $25K (revenue -68.8% year-over-year).
- 2019: Revenue of $211K, expenses of $120K, and assets of $83K (revenue +162.8% year-over-year).
- 2018: Revenue of $80K, expenses of $84K, and assets of $0 (revenue -12.6% year-over-year).
- 2017: Revenue of $92K, expenses of $98K, and assets of $-4,913 (revenue -14.1% year-over-year).
- 2016: Revenue of $107K, expenses of $108K, and assets of $997 (revenue +36.8% year-over-year).
- 2015: Revenue of $78K, expenses of $91K, and assets of $2K (revenue -19.2% year-over-year).
- 2014: Revenue of $97K, expenses of $115K, and assets of $15K (revenue -1.4% year-over-year).
- 2013: Revenue of $98K, expenses of $105K, and assets of $33K (revenue +24.7% year-over-year).
- 2012: Revenue of $79K, expenses of $112K, and assets of $39K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Tri State Gospel Inc:
Data Sources and Methodology
This transparency report for Tri State Gospel 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.