AI Transparency Report
Ministry & More Corp demonstrates consistent financial activity over the past decade, with annual revenues generally ranging from $110,000 to $180,000. The organization's assets have shown a gradual increase, reaching $274,845 in the latest period, indicating a stable financial base. However, the most recent filing (Period 202312) shows expenses ($124,961) exceeding revenue ($110,945), resulting in a deficit for that year. This trend of expenses sometimes surpassing revenue is observed in several past periods, suggesting a need for careful financial management to ensure long-term sustainability.
The organization's spending efficiency appears to be reasonable, especially given the consistent reporting of 0% officer compensation across all available filings, which is a strong indicator of resources being directed towards the mission rather than executive salaries. While a detailed breakdown of program, administrative, and fundraising expenses isn't provided in the summary data, the absence of officer compensation suggests a lean operational structure. The consistent filing of IRS Form 990s over 13 periods demonstrates a commitment to transparency and regulatory compliance.
Overall, Ministry & More Corp appears to be a stable, volunteer-led organization with a good track record of transparency through its consistent filings. However, the recurring instances of expenses exceeding revenue in recent years warrant attention to ensure the organization's financial health remains robust and its mission can be sustained without relying on asset depletion.