Voices In Praise Inc
EIN: 823223143 · Dunkirk, MD · NTEE: A6B
| Metric | Value |
|---|---|
| Total Revenue | $85K |
| Total Expenses | $34K |
| Net Assets | $118K |
Is Voices In Praise Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Voices In Praise Inc
Voices In Praise Inc (EIN: 823223143) is a nonprofit organization based in Dunkirk, MD, classified under NTEE code A6B. The organization reported total revenue of $85K and total assets of $83K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Voices In Praise Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Voices In Praise Inc is a micro nonprofit that has been operating for 9 years, with 5 years of IRS 990 filings on record (2019–2023). Revenue has grown at a compound annual rate of 7.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $64K |
| Total Expenses | $34K |
| Surplus / Deficit | +$30K |
| Total Assets | $118K |
| Total Liabilities | $409 |
| Net Assets | $118K |
| Operating Margin | 46.4% |
| Debt-to-Asset Ratio | 0.3% |
| Months of Reserves | 41.3 months |
Financial Health Grade: A
In 2023, Voices In Praise Inc reported a surplus of $30K with revenue exceeding expenses, holds 41.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.3% (very low leverage).
Financial Trends
Over 5 years of filings (2019–2023), Voices In Praise Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -20.6% | -66.3% | +33.9% |
| 2022 | +148.4% | +357.0% | -19.2% |
| 2021 | -23.6% | -12.5% | +10.3% |
| 2020 | -12.9% | -44.0% | +21.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1270 |
| IRS Ruling Date | 2017 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Voices In Praise 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 Voices In Praise 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 $30K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.3%.
Frequently Asked Questions about Voices In Praise Inc
Is Voices In Praise Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Voices In Praise Inc (EIN: 823223143) insufficient data. 0 red flags identified, 0 strengths noted.
How does Voices In Praise Inc spend its money?
Detailed spending breakdown data is not yet available for Voices In Praise Inc. Check back for updated IRS 990 analysis.
Are donations to Voices In Praise Inc tax-deductible?
Voices In Praise Inc is registered as a tax-exempt nonprofit (EIN: 823223143). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Voices In Praise Inc located?
Voices In Praise Inc is headquartered in Dunkirk, Maryland and files with the IRS under EIN 823223143. It is classified under NTEE code A6B.
How many years of IRS 990 filings does Voices In Praise Inc have?
Voices In Praise Inc 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 $85K in total revenue.
Filing History
IRS 990 filing history for Voices In Praise Inc showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2019–2023), Voices In Praise Inc's revenue has grown by 31.1%, moving from $49K to $64K. Total assets increased by 44.3% over the same period, from $82K to $118K. Total functional expenses fell by 24.4%, from $45K to $34K. In its most recent filing year (2023), Voices In Praise Inc reported a surplus of $30K, with revenue exceeding expenses. The organization holds $409 in liabilities against $118K in assets (debt-to-asset ratio: 0.3%), resulting in net assets of $118K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $64K | $34K | $118K | $409 | — | View 990 |
| 2022 | $81K | $102K | $88K | $230 | — | View 990 |
| 2021 | $32K | $22K | $109K | $168 | — | View 990 |
| 2020 | $43K | $25K | $99K | $222 | — | — |
| 2019 | $49K | $45K | $82K | $146 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $64K, expenses of $34K, and assets of $118K (revenue -20.6% year-over-year).
- 2022: Revenue of $81K, expenses of $102K, and assets of $88K (revenue +148.4% year-over-year).
- 2021: Revenue of $32K, expenses of $22K, and assets of $109K (revenue -23.6% year-over-year).
- 2020: Revenue of $43K, expenses of $25K, and assets of $99K (revenue -12.9% year-over-year).
- 2019: Revenue of $49K, expenses of $45K, and assets of $82K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Voices In Praise Inc:
Data Sources and Methodology
This transparency report for Voices In Praise 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.