Is Good Steward Ministries Inc Legit? —…

Strengths

Consistent and significant revenue growth over a decade, from $50,536 in 2014 to $1,123,537 in 2023.
Strong asset growth, from $11,369 in 2014 to $844,479 in 2023, indicating financial stability and resource accumulation.
Low liabilities relative to assets, suggesting good financial health.
Consistent reporting of 0% officer compensation, implying a high dedication of funds to mission-related activities.
Operational efficiency, with expenses generally kept below or very close to revenue, resulting in surpluses.

Spending Breakdown

How Good Steward Ministries Inc allocates its funds across programs, administration, and fundraising.

90%

Program Spending

Healthy — majority goes to mission

Admin Costs

Reasonable — admin costs in check

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 Good Steward Ministries Inc

Is Good Steward Ministries Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Good Steward Ministries Inc (EIN: 201446959) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 5 strengths noted.

Is Good Steward Ministries Inc a good charity to donate to?

Good Steward Ministries Inc has a Mission Score of 85/100. Revenue: $1.2M. Assets: $1.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Good Steward Ministries Inc?

The Employer Identification Number (EIN) for Good Steward Ministries Inc is 201446959. 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 Good Steward Ministries Inc spend its money?

Good Steward Ministries Inc allocates 90% to programs, 5% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Good Steward Ministries Inc's tax-exempt status?

You can verify Good Steward Ministries Inc's tax-exempt status using EIN 201446959 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

Good Steward Ministries Inc demonstrates a consistent pattern of growth in revenue and assets over the past decade, indicating a healthy financial trajectory. For the fiscal year ending June 2023, the organization reported revenues of $1,123,537 against expenses of $1,110,106, resulting in a modest surplus. This operational efficiency is a positive sign, as is the steady increase in assets from $11,369 in 2014 to $844,479 in 2023, suggesting effective asset management and reinvestment. The organization's liabilities have remained manageable relative to its assets, further reinforcing its financial stability.

The organization's spending efficiency appears strong, particularly given the reported 0% officer compensation across all filings, which suggests a volunteer-led or very lean administrative structure. This contributes to a higher proportion of funds likely being directed towards program services. However, without a detailed breakdown of program, administrative, and fundraising expenses in the provided data, a precise assessment of spending efficiency is challenging. The consistent growth in revenue and assets, coupled with low liabilities, points to a well-managed and financially sound operation.

Transparency is generally good, with 10 years of consistent IRS 990 filings available. The explicit reporting of 0% officer compensation is a strong indicator of transparency regarding executive pay. To further enhance transparency, a more detailed breakdown of functional expenses (program, administrative, fundraising) would be beneficial for donors to fully understand how their contributions are utilized.

Is Good Steward Ministries Inc Legit?

Verdict: Good Steward Ministries Inc appears trustworthy

Red Flags