Consistent operational deficits in recent years (e.g., 2023, 2022, 2021) where expenses exceeded revenue.
Significant increase in liabilities in 2023 ($2,202,608) without clear explanation in provided data, warranting further scrutiny.
Strengths
Consistent reporting of 0% officer compensation, indicating a potential commitment to directing funds to mission.
Significant growth in assets, nearly doubling from $11,758,825 in 2022 to $21,763,056 in 2023, enhancing financial capacity.
Generally stable revenue streams over the past several years, typically above $9 million annually.
Spending Breakdown
How Midwest Senior 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 Midwest Senior Ministries Inc
Is Midwest Senior Ministries Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Midwest Senior Ministries Inc (EIN: 201053401) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
Is Midwest Senior Ministries Inc a good charity to donate to?
Midwest Senior Ministries Inc has a Mission Score of 85/100. Revenue: $8.3M. Assets: $16.9M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Midwest Senior Ministries Inc?
The Employer Identification Number (EIN) for Midwest Senior Ministries Inc is 201053401. 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 Midwest Senior Ministries Inc spend its money?
Midwest Senior Ministries Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Midwest Senior Ministries Inc's tax-exempt status?
You can verify Midwest Senior Ministries Inc's tax-exempt status using EIN 201053401 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
Midwest Senior Ministries Inc. demonstrates a consistent operational pattern, with revenues generally covering expenses over the past several years. For instance, in 2023, expenses were $9,855,801 against revenues of $9,637,506, indicating a slight operational deficit. However, the organization's asset base has shown significant growth, nearly doubling from $11,758,825 in 2022 to $21,763,056 in 2023, which is a positive indicator of financial stability and capacity. The organization consistently reports 0% officer compensation, which is a notable aspect of its financial management and transparency regarding executive pay. While the provided data doesn't detail program vs. administrative spending, the absence of officer compensation suggests a commitment to directing funds towards its mission. The substantial increase in assets in the latest period, alongside a corresponding increase in liabilities from $223,775 in 2022 to $2,202,608 in 2023, warrants further investigation to understand the nature of these liabilities and their impact on long-term financial health.