Quick charity verification for Mina Ministries Inc (EIN: 204897104)
Verdict: Mina Ministries Inc appears trustworthy
85/100Mission Score
$422KRevenue
$399KAssets
1Red Flags
5Strengths
Red Flags
Lack of detailed expense breakdown (program, admin, fundraising) in provided data, making precise efficiency analysis difficult.
Strengths
Consistent asset growth, from $56,505 in 2013 to $399,143 in 2022, demonstrating strong financial management.
0% reported officer compensation across all 13 filings, indicating a high dedication to mission over executive pay.
Positive net income in most recent years (e.g., $46,570 in 2022 and $205,179 in 2021), contributing to financial stability.
Low liabilities relative to assets ($11,581 liabilities vs. $399,143 assets in 2022), indicating a healthy balance sheet.
Consistent IRS 990 filing history over 13 periods, showing good regulatory compliance and basic transparency.
Spending Breakdown
How Mina Ministries Inc allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
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 Mina Ministries Inc
Is Mina Ministries Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Mina Ministries Inc (EIN: 204897104) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 5 strengths noted.
Is Mina Ministries Inc a good charity to donate to?
Mina Ministries Inc has a Mission Score of 85/100. Revenue: $422K. Assets: $399K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Mina Ministries Inc?
The Employer Identification Number (EIN) for Mina Ministries Inc is 204897104. 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 Mina Ministries Inc spend its money?
Mina Ministries Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Mina Ministries Inc's tax-exempt status?
You can verify Mina Ministries Inc's tax-exempt status using EIN 204897104 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
Mina Ministries Inc. demonstrates a generally stable financial position, with recent revenue fluctuations but consistent asset growth. In 2022, the organization reported revenue of $421,559 against expenses of $374,989, resulting in a surplus for the year. This follows a larger surplus in 2021 where revenue was $503,349 and expenses were $298,170. The organization's assets have shown a positive trend, growing from $56,505 in 2013 to $399,143 in 2022, indicating good financial management and accumulation of resources. Liabilities remain relatively low, at $11,581 in 2022, suggesting a healthy balance sheet.
Spending efficiency appears strong, particularly given the consistent reporting of 0% officer compensation across all available filings. This indicates that the organization's leadership is either volunteer-based or compensated through other means not categorized as officer compensation, which can be a positive sign for donor confidence. However, without a detailed breakdown of program, administrative, and fundraising expenses, a precise assessment of spending efficiency is challenging. The consistent filing of IRS Form 990s over 13 periods demonstrates a commitment to regulatory compliance and basic financial transparency.
Overall, Mina Ministries Inc. appears to be a financially sound organization with a history of responsible asset management and a notable commitment to minimizing executive compensation. Further transparency regarding the allocation of expenses into program, administrative, and fundraising categories would enhance the ability to fully assess spending efficiency and program impact.