Significant deficit in the latest fiscal year (202312), with expenses ($138,400) more than double revenue ($66,471).
Substantial decline in assets from $84,280 in 2022 to $12,351 in 2023, indicating potential financial strain or use of reserves.
Fluctuating revenue and expense levels over the years, suggesting potential instability in financial planning or funding.
Strengths
Consistent reporting of 0% officer compensation across all filings, indicating a commitment to directing funds to the mission.
Zero reported liabilities across all five filings, demonstrating sound financial management regarding debt.
Long operational history with five filings available, suggesting established presence.
Spending Breakdown
How Solid Grounds 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 Solid Grounds Ministries Inc
Is Solid Grounds Ministries Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Solid Grounds Ministries Inc (EIN: 204987865) appears trustworthy. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.
Is Solid Grounds Ministries Inc a good charity to donate to?
Solid Grounds Ministries Inc has a Mission Score of 70/100. Revenue: $51K. Assets: $13K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Solid Grounds Ministries Inc?
The Employer Identification Number (EIN) for Solid Grounds Ministries Inc is 204987865. 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 Solid Grounds Ministries Inc spend its money?
Solid Grounds Ministries Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Solid Grounds Ministries Inc's tax-exempt status?
You can verify Solid Grounds Ministries Inc's tax-exempt status using EIN 204987865 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
Solid Grounds Ministries Inc. demonstrates a mixed financial picture. While the organization has consistently reported zero liabilities and no officer compensation across all five available filings, indicating good financial hygiene and a volunteer-driven leadership, its financial stability has fluctuated. The latest filing (202312) shows expenses of $138,400 significantly exceeding revenue of $66,471, resulting in a substantial deficit. This contrasts with previous years (2020-2022) where revenue generally outpaced expenses, allowing for asset growth. The organization's assets have also seen considerable fluctuation, peaking at $84,280 in 2022 and then dropping to $12,351 in 2023, suggesting potential challenges in maintaining financial reserves or significant spending in the most recent period. The consistent reporting of zero officer compensation is a strong positive for transparency and efficiency, as it indicates that all funds are directed towards the mission rather than executive salaries.
The spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, which are not provided in the summary data. However, the significant deficit in the latest year raises questions about the sustainability of current spending levels relative to revenue generation. The organization's transparency is commendable in terms of officer compensation and liability reporting, but a more detailed functional expense breakdown would further enhance understanding of how funds are allocated. The NTEE code O51 (Religious Activities) suggests a focus on mission-related activities, but the financial data alone doesn't provide insight into the effectiveness of these programs.