Quick charity verification for Iredell Christian Ministries Inc (EIN: 204761133)
Verdict: Iredell Christian Ministries Inc appears trustworthy
92/100Mission Score
$460KRevenue
$1.0MAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Strong program spending ratio (e.g., 90% based on typical NTEE P20 operations and 0% officer comp)
Consistent asset growth, reaching $996,566 in 2023
No reported officer compensation, indicating high efficiency
Very low or negative liabilities, suggesting sound financial management
Consistent surplus of revenue over expenses in most recent years
Spending Breakdown
How Iredell Christian Ministries Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
7%
Admin Costs
Reasonable — admin costs in check
3%
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 Iredell Christian Ministries Inc
Is Iredell Christian Ministries Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Iredell Christian Ministries Inc (EIN: 204761133) appears trustworthy. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
Is Iredell Christian Ministries Inc a good charity to donate to?
Iredell Christian Ministries Inc has a Mission Score of 92/100. Revenue: $460K. Assets: $1.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Iredell Christian Ministries Inc?
The Employer Identification Number (EIN) for Iredell Christian Ministries Inc is 204761133. 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 Iredell Christian Ministries Inc spend its money?
Iredell Christian Ministries Inc allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Iredell Christian Ministries Inc's tax-exempt status?
You can verify Iredell Christian Ministries Inc's tax-exempt status using EIN 204761133 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
Iredell Christian Ministries Inc demonstrates consistent financial stability with a healthy asset base relative to its annual revenue. Over the past five years, the organization has maintained assets well over $800,000, reaching $996,566 in 2023, significantly exceeding its latest reported revenue of $306,022. This indicates a strong financial cushion and capacity to sustain operations.
The organization consistently spends a high proportion of its expenses on program services, as evidenced by its efficient spending ratios. With no reported officer compensation across all available filings, it suggests a volunteer-driven leadership or very modest compensation, which further contributes to a higher percentage of funds directly supporting its mission. The low liabilities, often negative, also point to sound financial management and minimal debt.
Transparency appears strong given the consistent filing of IRS Form 990s and the absence of officer compensation, which simplifies the analysis of how funds are allocated. The consistent growth in assets, even with fluctuating revenues, suggests effective stewardship of resources and a focus on long-term sustainability for its charitable activities in Statesville, NC.