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Proverbs 226

Concord, NC · EIN 45-4417763 · 501(c)(3) · Publicly supported organization (170(b)(1)(A)(vi))
Latest filing: Form 990 for calendar year 2024 (tax year 2024) · View the filing · Correct or respond

Proverbs 226 reported $40.5 million in revenue and $632,311 in expenses for calendar year 2024. Of every $100 it spent, $90.76 went to program services, $8.79 to management and general costs and $0.45 to fundraising. Its largest source of revenue was contributions and grants: 100.0% of the total. Revenue rose 18793% between 2019 and 2024. Source: Form 990, 2024.

Where $100 of spending went

Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $632K

For context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

Calendar year 2024 · Form 990, Part VIII · total revenue $40M

The 990 scorecard · same measures for every charity, no grades

2024 filing. Median across 5,499 covered charities in this category, from their latest filings.
Measure2024Median
Program services
Part IX 25(B) ÷ 25(A)
90.8%84.4%
Management & general
Part IX 25(C) ÷ 25(A)
8.8%13.4%
Fundraising
Part IX 25(D) ÷ 25(A)
0.5%0.8%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.00$0.04
Contributions & grants share of revenue
Part VIII 1h ÷ 12
100.0%19.1%
Government grants share of revenue
Part VIII 1e ÷ 12
0.0%1.1%
Program service revenue share
Part VIII 2g ÷ 12
0.0%69.9%
Highest reported compensation
Part VII-A, columns D–F
Not reported$331,578
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
Not reported1.28%
People paid over $100,000
Part VII, line 2
Not reported8
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
757.013.3
Independent voting board members
Part VI 1a–1b
7 of 7100.0%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

2024 · Form 990, Part III · the three largest programs by expense
$563K expenses · 98.1% of program spending

Prison Initiative- Incarcerated parents are given the opportunity to ask their children for forgiveness and reestablish a relationship with their children, themselves and the lord

$10,665 expenses · 1.9% of program spending

Kids 2 Careers- Children with incarcerated parents are granted scholarships to attend college and/or trade schools based on both merit and need

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
RevenueExpenses
$0$20M$40M$60M$80M201920202021202220232024$40M$632K
FilingRevenueExpensesProgramsNet assetsTop pay
2024 ⓘ$40M$632K90.8%$40M—
2023 ⓘ$273K$231K63.4%$53,754—
2022 ⓘ$224K$237K74.5%$12,174—
2021 ⓘ$215K$195K75.1%$17,617—
2020 ⓘ$209K$215K68.9%−$830—
2019 ⓘ$214K$208K84.3%$8,408—

Governance answers, as filed

2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means
  • Voting board members, and how many are independent Part VI, lines 1a–1b7 · 7 independent
  • Audited financial statements Part XII 2bNo
  • Conflict-of-interest policy Part VI 12aYes
  • Whistleblower policy Part VI 13No
  • Document retention policy Part VI 14No
  • Independent process for top executive pay Part VI 15aYes
  • Board given the 990 before filing Part VI 11aYes
  • Family or business ties among insiders Part VI 2No
  • Aware of a significant diversion of assets Part VI 5No
  • Excess benefit transaction with an insider Part IV 25aNo
  • Loans to or from insiders outstanding Part IV 26No
  • Lobbying, or a 501(h) election in effect Part IV 4No
  • Over $15,000 of professional fundraising services Part IV 18No
  • Over $10,000 of activity outside the U.S. Part IV 14bNo
  • Employees Part I, line 50
  • Volunteers Part I, line 6200

Correct a figure or respond

Every number above is copied from Proverbs 226's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Proverbs 226, you can publish a response that is linked from this page.

Similar-sized charities in this cause

All education charities · Largest charities in North Carolina

Questions people ask

How much of Proverbs 226's spending goes to programs?

In calendar year 2024, Proverbs 226 reported that 90.8% of its $632,311 in expenses went to program services, 8.8% to management and general and 0.5% to fundraising (Form 990, Part IX).

Where does Proverbs 226 get its money?

Of $40.5 million in revenue in calendar year 2024, 100.0% came from contributions and grants and 0.0% from program service revenue (Form 990, Part VIII).

Is Proverbs 226 a registered charity?

The IRS lists EIN 45-4417763 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

  • 2024: Form 990 for calendar year 2024, object 202610859349301006 · read the filing · XML
  • 2023: Form 990 for calendar year 2023, object 202443209349303179 · read the filing
  • 2022: Form 990 for calendar year 2022, object 202343189349309974 · read the filing
  • 2021: Form 990 for calendar year 2021, object 202201279349300440 · read the filing
  • 2020: Form 990 for calendar year 2020, object 202120999349301347 · read the filing
  • 2019: Form 990 for calendar year 2019, object 202003219349316400 · read the filing

All filings for EIN 45-4417763: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.