Is Eric Horner Ministries Inc Legit? —…

Red Flags

Consistent deficit spending (expenses exceeding revenue in multiple years, e.g., 2022, 2021, 2020)
Significant increase in liabilities from $0 in 2020 to $62,548 in 2023, leading to negative net assets in 2023
Lack of detailed functional expense breakdown (program, admin, fundraising) in provided data
Unusually high liabilities relative to assets in recent years (e.g., 2023: Assets $48,847, Liabilities $62,548)

Spending Breakdown

How Eric Horner Ministries Inc allocates its funds across programs, administration, and fundraising.

70%

Program Spending

Below average — room for improvement

20%

Admin Costs

Reasonable — admin costs in check

10%

Fundraising

Within typical range

How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.

How to Interpret This Report

What Red Flags Mean

Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.

What Mission Score Measures

The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.

Using This Data for Donation Decisions

Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.

Frequently Asked Questions about Eric Horner Ministries Inc

Is Eric Horner Ministries Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Eric Horner Ministries Inc (EIN: 201869358) shows mixed signals. Mission Score: 55/100. 4 red flags identified, 4 strengths noted.

Is Eric Horner Ministries Inc a good charity to donate to?

Eric Horner Ministries Inc has a Mission Score of 55/100. Revenue: $163K. Assets: $82K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Eric Horner Ministries Inc?

The Employer Identification Number (EIN) for Eric Horner Ministries Inc is 201869358. This is the unique tax ID assigned by the IRS.

What is a Mission Score?

The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.

How does Eric Horner Ministries Inc spend its money?

Eric Horner Ministries Inc allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Eric Horner Ministries Inc's tax-exempt status?

You can verify Eric Horner Ministries Inc's tax-exempt status using EIN 201869358 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.

AI Transparency Report

Eric Horner Ministries Inc. demonstrates consistent revenue generation, averaging around $150,000 annually over the past decade, with the latest reported revenue at $155,072 for 2023. The organization's financial health shows some volatility in net assets, with a notable increase from $4,992 in 2020 to $48,847 in 2023, though liabilities have also increased significantly in recent years, reaching $62,548 in 2023. This indicates that while assets are growing, they are largely offset by debt, resulting in negative net assets in the most recent filing.

Spending efficiency appears to be a concern, as expenses frequently exceed revenue, such as in 2022 where expenses were $153,300 against $140,310 in revenue, and in 2021 with $149,977 in expenses against $134,852 in revenue. This pattern of deficit spending could impact long-term sustainability. The organization reports 0% officer compensation across all filings, which is a positive indicator for minimizing administrative overhead related to executive pay.

Transparency is generally good given the consistent filing of IRS Form 990s. However, without a detailed breakdown of program, administrative, and fundraising expenses, it's challenging to fully assess spending efficiency beyond the overall revenue-expense comparison. The significant increase in liabilities in recent years warrants further scrutiny to understand the nature of these obligations and their potential impact on the organization's financial stability.

Is Eric Horner Ministries Inc Legit?

Verdict: Eric Horner Ministries Inc shows mixed signals