Quick charity verification for Step Of Faith Ministry Inc (EIN: 20668790)
Verdict: Step Of Faith Ministry Inc appears trustworthy
90/100Mission Score
$195KRevenue
$127KAssets
1Red Flags
4Strengths
Red Flags
Occasional deficit spending (e.g., 202212 expenses exceeded revenue by $42,457)
Strengths
Consistent 0% officer compensation across all filings
No reported liabilities in recent filing periods (202012-202312)
Revenue growth over the past decade
Consistent filing of IRS Form 990s demonstrating transparency
Spending Breakdown
How Step Of Faith Ministry 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 Step Of Faith Ministry Inc
Is Step Of Faith Ministry Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Step Of Faith Ministry Inc (EIN: 20668790) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
Is Step Of Faith Ministry Inc a good charity to donate to?
Step Of Faith Ministry Inc has a Mission Score of 90/100. Revenue: $195K. Assets: $127K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Step Of Faith Ministry Inc?
The Employer Identification Number (EIN) for Step Of Faith Ministry Inc is 20668790. 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 Step Of Faith Ministry Inc spend its money?
Step Of Faith Ministry Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Step Of Faith Ministry Inc's tax-exempt status?
You can verify Step Of Faith Ministry Inc's tax-exempt status using EIN 20668790 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
Step Of Faith Ministry Inc demonstrates a consistent commitment to its mission, as evidenced by its program spending. In the latest filing (202312), the organization reported $300,068 in revenue against $277,526 in expenses, indicating a surplus. Over the past several years, the organization has maintained a lean operational structure with no reported officer compensation, which is a strong indicator of efficient resource allocation and a volunteer-driven leadership model. While the organization's assets have fluctuated, they generally remain modest relative to its revenue, suggesting funds are primarily used for current operations rather than accumulating large reserves.
The organization's financial health appears stable, with revenues generally covering expenses, though there have been periods of deficit spending, such as in 202212 where expenses ($264,747) exceeded revenue ($222,290). The absence of liabilities in recent filings (202312, 202212, 202112, 202012) further strengthens its financial position. Transparency is high given the consistent filing of IRS Form 990s and the clear indication of no executive compensation, which simplifies the analysis of how donor funds are utilized.
Overall, Step Of Faith Ministry Inc appears to be a financially responsible organization, prioritizing its mission through efficient spending and a volunteer-led approach. Its consistent operations and lack of significant liabilities suggest a well-managed entity, though potential donors might benefit from more detailed breakdowns of program activities to fully understand the impact of their contributions.