Quick charity verification for Koome Ministries (EIN: 205982545)
Verdict: Koome Ministries appears trustworthy
75/100Mission Score
$235KRevenue
$109KAssets
1Red Flags
3Strengths
Red Flags
Lack of detailed functional expense breakdown in available data, hindering full spending efficiency analysis.
Strengths
Consistent reporting of 0% officer compensation, indicating efficient use of funds for leadership.
Stable financial operations with revenues generally covering expenses.
Positive trend in asset growth, from $49,970 in 2020 to $94,767 in 2023.
Spending Breakdown
How Koome Ministries 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 Koome Ministries
Is Koome Ministries a legitimate charity?
Based on AI analysis of IRS 990 filings, Koome Ministries (EIN: 205982545) appears trustworthy. Mission Score: 75/100. 1 red flag identified, 3 strengths noted.
Is Koome Ministries a good charity to donate to?
Koome Ministries has a Mission Score of 75/100. Revenue: $235K. Assets: $109K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Koome Ministries?
The Employer Identification Number (EIN) for Koome Ministries is 205982545. 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 Koome Ministries spend its money?
Koome Ministries allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Koome Ministries's tax-exempt status?
You can verify Koome Ministries's tax-exempt status using EIN 205982545 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
Koome Ministries demonstrates consistent financial activity over the past decade, with revenues generally ranging between $200,000 and $300,000 in recent years, though it saw higher revenues in 2014-2016. The organization consistently reports zero officer compensation, which is a positive indicator for donor confidence and suggests resources are directed elsewhere. Its assets have shown growth, from $49,970 in 2020 to $94,767 in 2023, indicating some financial stability. However, the filings do not provide a detailed functional expense breakdown (program, administrative, fundraising), which limits a full assessment of spending efficiency. Without this breakdown, it's challenging to determine the percentage of funds directly supporting its mission versus overhead.