148 Ministries Inc
EIN: 823884063 · Nineveh, IN
| Metric | Value |
|---|---|
| Total Revenue | $103K |
| Total Expenses | $69K |
| Net Assets | $35K |
Is 148 Ministries Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About 148 Ministries Inc
148 Ministries Inc (EIN: 823884063) is a nonprofit organization based in Nineveh, IN. The organization reported total revenue of $103K and total assets of $45K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of 148 Ministries Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
148 Ministries Inc is a small nonprofit that has been operating for 8 years, with 2 years of IRS 990 filings on record (2022–2023). Revenue has grown at a compound annual rate of 56.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $81K |
| Total Expenses | $69K |
| Surplus / Deficit | +$11K |
| Total Assets | $40K |
| Total Liabilities | $5K |
| Net Assets | $35K |
| Operating Margin | 13.9% |
| Debt-to-Asset Ratio | 12.9% |
| Months of Reserves | 6.9 months |
Financial Health Grade: A
In 2023, 148 Ministries Inc reported a surplus of $11K with revenue exceeding expenses, holds 6.9 months of operating reserves (strong position), has a debt-to-asset ratio of 12.9% (very low leverage).
Financial Trends
Over 2 years of filings (2022–2023), 148 Ministries Inc's revenue has grown at a compound annual growth rate (CAGR) of 56.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +56.0% | +20.0% | +42.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 2018 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for 148 Ministries Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates 148 Ministries Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $11K, with revenue exceeding expenses.
- Debt-to-asset ratio: 12.9%.
Frequently Asked Questions about 148 Ministries Inc
Is 148 Ministries Inc a legitimate charity?
148 Ministries Inc (EIN: 823884063) is a registered tax-exempt nonprofit based in Indiana. It has 2 years of IRS 990 filings on record. Total revenue: $103K. No red flags identified. Financial health grade: A.
How does 148 Ministries Inc spend its money?
148 Ministries Inc reported $103K in total revenue in IRS 990 filings. 2 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to 148 Ministries Inc tax-deductible?
148 Ministries Inc is registered as a tax-exempt nonprofit (EIN: 823884063). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is 148 Ministries Inc located?
148 Ministries Inc is headquartered in Nineveh, Indiana and files with the IRS under EIN 823884063.
How many years of IRS 990 filings does 148 Ministries Inc have?
148 Ministries Inc has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $103K in total revenue.
Filing History
IRS 990 filing history for 148 Ministries Inc showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2022–2023), 148 Ministries Inc's revenue has grown by 56%, moving from $52K to $81K. Total assets increased by 42.3% over the same period, from $28K to $40K. Total functional expenses rose by 20%, from $58K to $69K. In its most recent filing year (2023), 148 Ministries Inc reported a surplus of $11K, with revenue exceeding expenses. The organization holds $5K in liabilities against $40K in assets (debt-to-asset ratio: 12.9%), resulting in net assets of $35K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $81K | $69K | $40K | $5K | — | View 990 |
| 2022 | $52K | $58K | $28K | $4K | — | — |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for 148 Ministries Inc:
Data Sources and Methodology
This transparency report for 148 Ministries Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.