Quick charity verification for Sxmx Ministry Inc (EIN: 201707262)
Verdict: Sxmx Ministry Inc appears trustworthy
70/100Mission Score
$117KRevenue
$53KAssets
3Red Flags
3Strengths
Red Flags
Consistent operating deficits: Expenses frequently exceed revenue, as seen in 2023 ($95,891 expenses vs. $60,438 revenue) and 2022 ($66,125 expenses vs. $39,874 revenue).
Declining asset base: Total assets have decreased from $226,605 in 2016 to $122,318 in 2023, indicating a potential draw-down of reserves.
Significant revenue volatility: Revenue has fluctuated dramatically, from $287,317 in 2021 to $60,438 in 2023, making financial planning challenging.
Strengths
Zero officer compensation: No officer compensation reported across all filings, indicating a strong commitment to directing funds to programs and a volunteer-driven leadership.
Zero liabilities: Consistently reports $0 in liabilities, suggesting strong financial management regarding debt.
Long filing history: 13 filings provide a comprehensive historical view of the organization's financial performance.
Spending Breakdown
How Sxmx Ministry 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 Sxmx Ministry Inc
Is Sxmx Ministry Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Sxmx Ministry Inc (EIN: 201707262) appears trustworthy. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.
Is Sxmx Ministry Inc a good charity to donate to?
Sxmx Ministry Inc has a Mission Score of 70/100. Revenue: $117K. Assets: $53K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Sxmx Ministry Inc?
The Employer Identification Number (EIN) for Sxmx Ministry Inc is 201707262. 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 Sxmx Ministry Inc spend its money?
Sxmx Ministry Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Sxmx Ministry Inc's tax-exempt status?
You can verify Sxmx Ministry Inc's tax-exempt status using EIN 201707262 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
Sxmx Ministry Inc. demonstrates a fluctuating financial performance over the past decade, with significant swings in revenue and expenses. For instance, revenue dropped from $287,317 in 2021 to $60,438 in 2023, while expenses also decreased from $255,285 to $95,891 in the same period. The organization consistently reports zero liabilities and zero officer compensation across all available filings, which is a positive indicator of financial stability and a commitment to directing funds towards its mission rather than executive salaries. However, the organization has frequently operated at a deficit, with expenses exceeding revenue in multiple years, such as in 2023 ($95,891 expenses vs. $60,438 revenue) and 2022 ($66,125 expenses vs. $39,874 revenue). This trend suggests a reliance on prior year reserves or other funding sources to cover operational costs.
The organization's assets have also seen a decline, from a high of $226,605 in 2016 to $122,318 in 2023, indicating a potential draw-down of reserves. The consistent reporting of zero officer compensation enhances transparency and suggests a volunteer-driven or very lean leadership structure. While the exact breakdown of program, administrative, and fundraising expenses is not explicitly detailed in the provided summary, the absence of officer compensation implies a high potential for program efficiency. However, the consistent operating deficits raise questions about long-term financial sustainability if not addressed.