Strong program spending ratio, indicating efficient use of funds for its mission.
No reported officer compensation, suggesting volunteer leadership or highly efficient compensation practices.
Consistent financial stability with positive net assets and minimal liabilities in recent years.
Steady revenue growth over the past decade, demonstrating increasing donor support.
Regular and transparent IRS 990 filings, providing public accountability.
Spending Breakdown
How Honduras Ministries Inc allocates its funds across programs, administration, and fundraising.
88%
Program Spending
Healthy — majority goes to mission
7%
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 Honduras Ministries Inc
Is Honduras Ministries Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Honduras Ministries Inc (EIN: 142000189) appears trustworthy. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
Is Honduras Ministries Inc a good charity to donate to?
Honduras Ministries Inc has a Mission Score of 92/100. Revenue: $316K. Assets: $54K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Honduras Ministries Inc?
The Employer Identification Number (EIN) for Honduras Ministries Inc is 142000189. 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 Honduras Ministries Inc spend its money?
Honduras Ministries Inc allocates 88% to programs, 7% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Honduras Ministries Inc's tax-exempt status?
You can verify Honduras Ministries Inc's tax-exempt status using EIN 142000189 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
Honduras Ministries Inc demonstrates consistent financial activity, with revenues fluctuating but generally showing growth over the past decade, from $85,237 in 2014 to $242,688 in 2023. The organization consistently spends a high proportion of its expenses on program services, indicating a strong focus on its mission. For instance, in 2023, with expenses of $218,761, a significant majority would be expected to go towards programs given the low administrative and fundraising costs typical for organizations of this size and structure. The organization maintains a healthy financial position with positive net assets and no reported liabilities in recent years (2022 and 2023), suggesting good financial management and stability.
The organization's transparency is bolstered by its consistent filing of IRS Form 990s, with 13 filings available. The absence of reported officer compensation across all available filings is a notable aspect, suggesting that leadership may be volunteer-based or compensated through other means not reported as officer compensation, which can contribute to lower overhead. This practice, combined with a lean operational structure, likely allows a greater percentage of donations to directly support its charitable activities in Honduras. The relatively small asset base compared to annual revenue indicates that the organization operates efficiently without accumulating excessive reserves, focusing on immediate program delivery.