Rapidly increasing liabilities, reaching $147,587 in 2023
Assets ($24,178 in 2023) are significantly lower than liabilities, indicating insolvency
Negative net income in most recent years, suggesting unsustainable financial practices
Strengths
0% officer compensation reported, indicating no executive salaries
Consistent filing of IRS 990 forms, demonstrating a commitment to transparency in reporting
Spending Breakdown
How Walls Of Faith Inc allocates its funds across programs, administration, and fundraising.
75%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
10%
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 Walls Of Faith Inc
Is Walls Of Faith Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Walls Of Faith Inc (EIN: 204364361) shows mixed signals. Mission Score: 40/100. 4 red flags identified, 2 strengths noted.
Is Walls Of Faith Inc a good charity to donate to?
Walls Of Faith Inc has a Mission Score of 40/100. Revenue: $45K. Assets: $17K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Walls Of Faith Inc?
The Employer Identification Number (EIN) for Walls Of Faith Inc is 204364361. 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 Walls Of Faith Inc spend its money?
Walls Of Faith Inc allocates 75% to programs, 15% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Walls Of Faith Inc's tax-exempt status?
You can verify Walls Of Faith Inc's tax-exempt status using EIN 204364361 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
Walls Of Faith Inc, operating in Greenwood, IN, exhibits a concerning financial trend with consistent operating deficits over the past several years. In 2023, the organization reported revenues of $68,053 against expenses of $70,884, continuing a pattern seen in 2022 ($37,551 revenue vs. $52,410 expenses) and 2021 ($27,294 revenue vs. $37,921 expenses). This indicates that the organization is regularly spending more than it brings in, which is unsustainable in the long term.
Furthermore, the organization's liabilities have grown significantly, reaching $147,587 in 2023, far exceeding its assets of $24,178. This high debt-to-asset ratio suggests potential financial instability. While the organization reports 0% officer compensation, which is a positive for donor confidence regarding executive pay, the overall financial health is weak due to persistent deficits and a growing debt burden. The NTEE code X21 (Religious Activities) suggests a focus on religious programs, but without a detailed functional expense breakdown, it's difficult to assess spending efficiency beyond the overall deficit.
Transparency regarding specific program spending versus administrative or fundraising costs is limited as detailed functional expense data is not provided in the summary. The consistent negative net income and increasing liabilities are significant concerns for financial health and long-term viability. Donors would benefit from more detailed financial reporting to understand how funds are being allocated and how the organization plans to address its accumulating debt.