Truman Herring Ministries Inc
EIN: 453531050 · Elberton, GA · NTEE: X99
| Metric | Value |
|---|---|
| Total Revenue | $308K |
| Total Expenses | $210K |
| Net Assets | $233K |
Is Truman Herring 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 Truman Herring Ministries Inc
Truman Herring Ministries Inc (EIN: 453531050) is a nonprofit organization based in Elberton, GA, classified under NTEE code X99. The organization reported total revenue of $308K and total assets of $328K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Truman Herring Ministries Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Truman Herring Ministries Inc is a small nonprofit that has been operating for 12 years, with 4 years of IRS 990 filings on record (2020–2023). Revenue has grown at a compound annual rate of 50.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $251K |
| Total Expenses | $210K |
| Surplus / Deficit | +$41K |
| Total Assets | $233K |
| Net Assets | $233K |
| Operating Margin | 16.2% |
| Months of Reserves | 13.3 months |
Financial Health Grade: A
In 2023, Truman Herring Ministries Inc reported a surplus of $41K with revenue exceeding expenses, holds 13.3 months of operating reserves (strong position).
Financial Trends
Over 4 years of filings (2020–2023), Truman Herring Ministries Inc's revenue has grown at a compound annual growth rate (CAGR) of 50.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +65.3% | +51.9% | +21.2% |
| 2022 | +83.1% | +334.2% | +7.5% |
| 2021 | +12.2% | +23.8% | +10.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1270 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Truman Herring 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 Truman Herring 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 $41K, with revenue exceeding expenses.
Frequently Asked Questions about Truman Herring Ministries Inc
Is Truman Herring Ministries Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Truman Herring Ministries Inc (EIN: 453531050) insufficient data. 0 red flags identified, 0 strengths noted.
How does Truman Herring Ministries Inc spend its money?
Detailed spending breakdown data is not yet available for Truman Herring Ministries Inc. Check back for updated IRS 990 analysis.
Are donations to Truman Herring Ministries Inc tax-deductible?
Truman Herring Ministries Inc is registered as a tax-exempt nonprofit (EIN: 453531050). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Truman Herring Ministries Inc located?
Truman Herring Ministries Inc is headquartered in Elberton, Georgia and files with the IRS under EIN 453531050. It is classified under NTEE code X99.
How many years of IRS 990 filings does Truman Herring Ministries Inc have?
Truman Herring Ministries Inc has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $308K in total revenue.
Filing History
IRS 990 filing history for Truman Herring Ministries Inc showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2020–2023), Truman Herring Ministries Inc's revenue has grown by 239.5%, moving from $74K to $251K. Total assets increased by 44.5% over the same period, from $162K to $233K. Total functional expenses rose by 716.3%, from $26K to $210K. In its most recent filing year (2023), Truman Herring Ministries Inc reported a surplus of $41K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $251K | $210K | $233K | $0 | — | — |
| 2022 | $152K | $139K | $193K | $0 | — | View 990 |
| 2021 | $83K | $32K | $179K | $0 | — | View 990 |
| 2020 | $74K | $26K | $162K | $9K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $251K, expenses of $210K, and assets of $233K (revenue +65.3% year-over-year).
- 2022: Revenue of $152K, expenses of $139K, and assets of $193K (revenue +83.1% year-over-year).
- 2021: Revenue of $83K, expenses of $32K, and assets of $179K (revenue +12.2% year-over-year).
- 2020: Revenue of $74K, expenses of $26K, and assets of $162K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Truman Herring Ministries Inc:
Data Sources and Methodology
This transparency report for Truman Herring 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.