Quick charity verification for Richard L Hamm Ministries (EIN: 202249526)
Verdict: Richard L Hamm Ministries shows mixed signals
65/100Mission Score
$30KRevenue
$983KAssets
3Red Flags
3Strengths
Red Flags
Significant and rapid decline in revenue from $1,304,619 to $105,048 in one year.
Expenses consistently exceeding revenue in both reported periods ($181,779 vs $1,304,619 and $202,134 vs $105,048).
Latest revenue of $29,698 is substantially lower than the most recent filing's $105,048, indicating a continuing downward trend.
Strengths
No reported officer compensation (0%) in both filing periods, indicating high efficiency in executive pay.
Substantial asset base of over $1 million, providing a financial cushion.
No reported liabilities, suggesting a healthy balance sheet in terms of debt.
Spending Breakdown
How Richard L Hamm Ministries 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 Richard L Hamm Ministries
Is Richard L Hamm Ministries a legitimate charity?
Based on AI analysis of IRS 990 filings, Richard L Hamm Ministries (EIN: 202249526) shows mixed signals. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
Is Richard L Hamm Ministries a good charity to donate to?
Richard L Hamm Ministries has a Mission Score of 65/100. Revenue: $30K. Assets: $983K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Richard L Hamm Ministries?
The Employer Identification Number (EIN) for Richard L Hamm Ministries is 202249526. 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 Richard L Hamm Ministries spend its money?
Richard L Hamm Ministries allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Richard L Hamm Ministries's tax-exempt status?
You can verify Richard L Hamm Ministries's tax-exempt status using EIN 202249526 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
Richard L Hamm Ministries exhibits a concerning financial trend with a significant decline in revenue from $1,304,619 in 2022 to $105,048 in 2023, while expenses remained relatively stable at $181,779 and $202,134 respectively. This indicates the organization spent more than it earned in both periods, particularly in 2023 where expenses nearly doubled revenue. Despite this, the organization maintains substantial assets of over $1 million and reports no liabilities, suggesting a strong historical financial position that is now being drawn down. The consistent reporting of 0% officer compensation across both filings is a positive indicator of executive compensation efficiency and transparency.