Truth Tabernacle Of Praise
Truth Tabernacle Of Praise maintains stable finances with no reported officer compensation and minimal liabilities.
EIN: 202446420 · Stone Mtn, GA · NTEE: X21 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $282K |
| Total Expenses | $304K |
| Program Spending | 90% |
| Net Assets | $510K |
| Transparency Score | 85/100 |
Is Truth Tabernacle Of Praise Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Truth Tabernacle Of Praise directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Truth Tabernacle Of Praise
Truth Tabernacle Of Praise (EIN: 202446420) is a nonprofit organization based in Stone Mtn, GA, classified under NTEE code X21. The organization reported total revenue of $282K and total assets of $494K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Truth Tabernacle Of Praise's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Truth Tabernacle Of Praise is a small nonprofit that has been operating for 62 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 1.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $305K |
| Total Expenses | $304K |
| Surplus / Deficit | +$999 |
| Total Assets | $510K |
| Net Assets | $510K |
| Operating Margin | 0.3% |
| Months of Reserves | 20.1 months |
Financial Health Grade: A
In 2023, Truth Tabernacle Of Praise reported a surplus of $999 with revenue exceeding expenses, holds 20.1 months of operating reserves (strong position).
Financial Trends
Over 14 years of filings (2010–2023), Truth Tabernacle Of Praise's revenue has grown at a compound annual growth rate (CAGR) of 1.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +6.6% | +15.4% | +0.1% |
| 2022 | +9.8% | +23.3% | -9.4% |
| 2021 | -14.4% | -16.0% | +1.6% |
| 2020 | +12.6% | -2.3% | +6.7% |
| 2019 | -10.8% | +3.9% | -8.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 1964 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Truth Tabernacle Of Praise with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Truth Tabernacle Of Praise allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $999, with revenue exceeding expenses.
Executive Compensation Analysis
Truth Tabernacle Of Praise consistently reports 0% officer compensation across all available filings, indicating that no funds are allocated to executive salaries, which is highly unusual for an organization of its size and revenue.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Truth Tabernacle Of Praise's IRS 990 filings:
- Lack of detailed expense breakdown (program vs. admin vs. fundraising) makes precise efficiency assessment difficult.
- Unusually consistent 0% officer compensation for an organization of this size, which might warrant further inquiry into how leadership is supported.
Strengths
The following positive indicators were identified for Truth Tabernacle Of Praise:
- Consistent financial stability with revenues generally exceeding expenses.
- Very low to zero liabilities in recent years, indicating strong financial health.
- No reported officer compensation, suggesting a high dedication of funds to the mission.
- Healthy asset base relative to annual revenue, providing financial resilience.
- Consistent IRS 990 filing history demonstrates commitment to transparency.
Frequently Asked Questions about Truth Tabernacle Of Praise
Is Truth Tabernacle Of Praise a legitimate charity?
Truth Tabernacle Of Praise (EIN: 202446420) is a registered tax-exempt nonprofit based in Georgia. Our AI analysis gives it a Mission Score of 85/100. It has 14 years of IRS 990 filings on record. Total revenue: $282K. 2 red flags identified. 5 strengths noted. Financial health grade: A.
How does Truth Tabernacle Of Praise spend its money?
Truth Tabernacle Of Praise directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Truth Tabernacle Of Praise tax-deductible?
Truth Tabernacle Of Praise is registered as a tax-exempt nonprofit (EIN: 202446420). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Truth Tabernacle Of Praise compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Truth Tabernacle Of Praise is above average for NTEE category X21 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Truth Tabernacle Of Praise located?
Truth Tabernacle Of Praise is headquartered in Stone Mtn, Georgia and files with the IRS under EIN 202446420. It is classified under NTEE code X21.
How many years of IRS 990 filings does Truth Tabernacle Of Praise have?
Truth Tabernacle Of Praise has 14 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 $282K in total revenue.
How does Truth Tabernacle Of Praise manage to operate without any reported officer compensation?
The filings consistently show 0% officer compensation, suggesting that leadership may be entirely volunteer-based or compensated through non-reportable means, which is uncommon for an organization with annual revenues exceeding $250,000.
What are the primary program activities of Truth Tabernacle Of Praise?
Based on the NTEE code X21 (Religious Organizations), the primary program activities are likely related to religious services, community outreach, and other faith-based initiatives, though specific details are not provided in the financial data.
What is the organization's long-term strategy for managing its assets and liabilities?
The organization has consistently maintained a healthy asset base (e.g., $509,647 in 2023) and has significantly reduced its liabilities to near zero in recent years ($0 in 2023), indicating a conservative and stable financial management approach.
Filing History
IRS 990 filing history for Truth Tabernacle Of Praise showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Truth Tabernacle Of Praise's revenue has grown by 20.1%, moving from $254K to $305K. Total assets decreased by 33.3% over the same period, from $764K to $510K. Total functional expenses rose by 23.2%, from $247K to $304K. In its most recent filing year (2023), Truth Tabernacle Of Praise reported a surplus of $999, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $305K | $304K | $510K | $0 | — | View 990 |
| 2022 | $286K | $264K | $509K | $302 | — | View 990 |
| 2021 | $261K | $214K | $562K | $76K | — | View 990 |
| 2020 | $304K | $255K | $553K | $114K | — | View 990 |
| 2019 | $270K | $261K | $518K | $129K | — | View 990 |
| 2018 | $303K | $251K | $566K | $186K | — | View 990 |
| 2017 | $276K | $265K | $534K | $207K | — | View 990 |
| 2016 | $419K | $273K | $531K | $215K | — | View 990 |
| 2015 | $282K | $286K | $395K | $225K | — | View 990 |
| 2014 | $260K | $256K | $402K | $228K | — | View 990 |
| 2013 | $241K | $237K | $405K | $236K | — | View 990 |
| 2012 | $235K | $225K | $406K | $241K | — | View 990 |
| 2011 | $269K | $251K | $773K | $619K | — | View 990 |
| 2010 | $254K | $247K | $764K | $628K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $305K, expenses of $304K, and assets of $510K (revenue +6.6% year-over-year).
- 2022: Revenue of $286K, expenses of $264K, and assets of $509K (revenue +9.8% year-over-year).
- 2021: Revenue of $261K, expenses of $214K, and assets of $562K (revenue -14.4% year-over-year).
- 2020: Revenue of $304K, expenses of $255K, and assets of $553K (revenue +12.6% year-over-year).
- 2019: Revenue of $270K, expenses of $261K, and assets of $518K (revenue -10.8% year-over-year).
- 2018: Revenue of $303K, expenses of $251K, and assets of $566K (revenue +9.7% year-over-year).
- 2017: Revenue of $276K, expenses of $265K, and assets of $534K (revenue -34.0% year-over-year).
- 2016: Revenue of $419K, expenses of $273K, and assets of $531K (revenue +48.2% year-over-year).
- 2015: Revenue of $282K, expenses of $286K, and assets of $395K (revenue +8.4% year-over-year).
- 2014: Revenue of $260K, expenses of $256K, and assets of $402K (revenue +8.0% year-over-year).
- 2013: Revenue of $241K, expenses of $237K, and assets of $405K (revenue +2.6% year-over-year).
- 2012: Revenue of $235K, expenses of $225K, and assets of $406K (revenue -12.7% year-over-year).
- 2011: Revenue of $269K, expenses of $251K, and assets of $773K (revenue +5.9% year-over-year).
- 2010: Revenue of $254K, expenses of $247K, and assets of $764K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Truth Tabernacle Of Praise:
Data Sources and Methodology
This transparency report for Truth Tabernacle Of Praise 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.