Quick charity verification for Everlasting Way Ministries Inc (EIN: 201060707)
Verdict: Everlasting Way Ministries Inc shows mixed signals
65/100Mission Score
$8KRevenue
$5KAssets
3Red Flags
3Strengths
Red Flags
Significant decline in revenue from $78,577 in 2017 to $13,724 in 2023.
Consistent decline in assets from $46,946 in 2017 to $10,607 in 2023.
Expenses frequently exceeding revenue in recent years (e.g., 2021, 2020), indicating potential operational deficits.
Strengths
Consistent reporting of 0% officer compensation, indicating volunteer leadership and low administrative overhead.
Zero reported liabilities across all available filings, demonstrating fiscal prudence.
Consistent filing of IRS Form 990s, indicating adherence to basic transparency requirements.
Spending Breakdown
How Everlasting Way Ministries Inc allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
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 Everlasting Way Ministries Inc
Is Everlasting Way Ministries Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Everlasting Way Ministries Inc (EIN: 201060707) shows mixed signals. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
Is Everlasting Way Ministries Inc a good charity to donate to?
Everlasting Way Ministries Inc has a Mission Score of 65/100. Revenue: $8K. Assets: $5K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Everlasting Way Ministries Inc?
The Employer Identification Number (EIN) for Everlasting Way Ministries Inc is 201060707. 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 Everlasting Way Ministries Inc spend its money?
Everlasting Way Ministries Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Everlasting Way Ministries Inc's tax-exempt status?
You can verify Everlasting Way Ministries Inc's tax-exempt status using EIN 201060707 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
Everlasting Way Ministries Inc. demonstrates a concerning trend of declining revenue and assets over the past several years, indicating potential financial instability. While the organization has consistently reported zero liabilities, which is a positive sign of fiscal responsibility, its revenue has dropped significantly from a peak of $78,577 in 2017 to $13,724 in 2023. Similarly, assets have decreased from $46,946 in 2017 to $10,607 in 2023. The organization's expenses have frequently exceeded its revenue in recent years, such as in 2021 ($20,364 expenses vs. $10,119 revenue) and 2020 ($27,950 expenses vs. $15,969 revenue), suggesting it may be drawing down reserves or relying on prior period surpluses to cover operational costs. The consistent reporting of 0% officer compensation is a strong indicator of volunteer leadership, which can contribute to lower administrative costs and a higher proportion of funds directed towards programs. However, without a detailed breakdown of expenses, it's challenging to fully assess spending efficiency. The organization's consistent filing of IRS Form 990s demonstrates a commitment to basic transparency requirements.