Abounding Grace Biblical Counseling Ministry Inc
Abounding Grace Biblical Counseling Ministry consistently operates with stable revenue and no executive compensation.
EIN: 20640178 · Enid, OK · NTEE: X99 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $153K |
| Total Expenses | $170K |
| Program Spending | 90% |
| Net Assets | $30K |
| Transparency Score | 92/100 |
Is Abounding Grace Biblical Counseling Ministry Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Abounding Grace Biblical Counseling Ministry Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Abounding Grace Biblical Counseling Ministry Inc
Abounding Grace Biblical Counseling Ministry Inc (EIN: 20640178) is a nonprofit organization based in Enid, OK, classified under NTEE code X99. The organization reported total revenue of $153K and total assets of $28K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Abounding Grace Biblical Counseling Ministry Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Abounding Grace Biblical Counseling Ministry Inc is a small nonprofit that has been operating for 23 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $159K |
| Total Expenses | $170K |
| Surplus / Deficit | $-10,362 |
| Total Assets | $32K |
| Total Liabilities | $3K |
| Net Assets | $30K |
| Operating Margin | -6.5% |
| Debt-to-Asset Ratio | 8.2% |
| Months of Reserves | 2.3 months |
Financial Health Grade: C
In 2023, Abounding Grace Biblical Counseling Ministry Inc reported a deficit of $10K with expenses exceeding revenue, holds 2.3 months of operating reserves (limited), has a debt-to-asset ratio of 8.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Abounding Grace Biblical Counseling Ministry Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -1.2% | +8.6% | -24.3% |
| 2022 | +5.7% | +6.1% | +13.5% |
| 2021 | +0.1% | +0.9% | +16.0% |
| 2020 | -5.2% | -11.4% | +24.8% |
| 2019 | +7.6% | +10.8% | -13.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2003 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Abounding Grace Biblical Counseling Ministry Inc with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Abounding Grace Biblical Counseling Ministry Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $10K, with expenses exceeding revenue.
- Debt-to-asset ratio: 8.2%.
Executive Compensation Analysis
The organization reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers, which is highly unusual for a nonprofit of its size and suggests a volunteer-led or very lean leadership structure.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Abounding Grace Biblical Counseling Ministry Inc's IRS 990 filings:
- Slight operational deficits in some years (e.g., 202306: Expenses $169,631 > Revenue $159,269)
Strengths
The following positive indicators were identified for Abounding Grace Biblical Counseling Ministry Inc:
- Consistent revenue stream over a decade (around $150,000-$160,000 annually)
- Zero reported officer compensation, indicating high program efficiency
- Low liabilities, demonstrating good financial management
- Consistent IRS 990 filing history (13 filings), showing strong transparency
- Expenses generally align closely with revenue, indicating responsible budgeting
Frequently Asked Questions about Abounding Grace Biblical Counseling Ministry Inc
Is Abounding Grace Biblical Counseling Ministry Inc a legitimate charity?
Abounding Grace Biblical Counseling Ministry Inc (EIN: 20640178) is a registered tax-exempt nonprofit based in Oklahoma. Our AI analysis gives it a Mission Score of 92/100. It has 13 years of IRS 990 filings on record. Total revenue: $153K. 1 red flag identified. 5 strengths noted. Financial health grade: C.
How does Abounding Grace Biblical Counseling Ministry Inc spend its money?
Abounding Grace Biblical Counseling Ministry Inc directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Abounding Grace Biblical Counseling Ministry Inc tax-deductible?
Abounding Grace Biblical Counseling Ministry Inc is registered as a tax-exempt nonprofit (EIN: 20640178). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Abounding Grace Biblical Counseling Ministry Inc's spending goes to programs?
Abounding Grace Biblical Counseling Ministry Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Abounding Grace Biblical Counseling Ministry Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Abounding Grace Biblical Counseling Ministry Inc is above average for NTEE category X99 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Abounding Grace Biblical Counseling Ministry Inc located?
Abounding Grace Biblical Counseling Ministry Inc is headquartered in Enid, Oklahoma and files with the IRS under EIN 20640178. It is classified under NTEE code X99.
How many years of IRS 990 filings does Abounding Grace Biblical Counseling Ministry Inc have?
Abounding Grace Biblical Counseling Ministry Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $153K in total revenue.
How does Abounding Grace Biblical Counseling Ministry Inc sustain its operations without officer compensation?
The consistent reporting of 0% officer compensation suggests that the organization's leadership may be entirely volunteer-based or compensated through other means not classified as officer compensation, or that the organization operates with extremely low overhead for its leadership roles, relying heavily on dedicated volunteers.
What is the typical annual budget for Abounding Grace Biblical Counseling Ministry Inc?
Based on the provided filings, Abounding Grace Biblical Counseling Ministry Inc typically operates with an annual budget (revenue and expenses) in the range of $150,000 to $165,000.
Does the organization have sufficient assets to cover its liabilities?
Yes, with assets consistently in the range of $20,000-$50,000 and liabilities consistently around $2,500, the organization has more than sufficient assets to cover its liabilities.
Filing History
IRS 990 filing history for Abounding Grace Biblical Counseling Ministry Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Abounding Grace Biblical Counseling Ministry Inc's revenue has grown by 14.7%, moving from $139K to $159K. Total assets increased by 7.9% over the same period, from $30K to $32K. Total functional expenses rose by 28.4%, from $132K to $170K. In its most recent filing year (2023), Abounding Grace Biblical Counseling Ministry Inc reported a deficit of $10K, with expenses exceeding revenue. The organization holds $3K in liabilities against $32K in assets (debt-to-asset ratio: 8.2%), resulting in net assets of $30K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $159K | $170K | $32K | $3K | — | View 990 |
| 2022 | $161K | $156K | $43K | $3K | — | View 990 |
| 2021 | $152K | $147K | $37K | $2K | — | View 990 |
| 2020 | $152K | $146K | $32K | $2K | — | View 990 |
| 2019 | $161K | $165K | $26K | $2K | — | View 990 |
| 2018 | $149K | $149K | $30K | $2K | — | View 990 |
| 2017 | $154K | $148K | $29K | $3K | — | View 990 |
| 2016 | $159K | $157K | $23K | $3K | — | View 990 |
| 2015 | $126K | $159K | $20K | $3K | — | View 990 |
| 2014 | $164K | $143K | $53K | $2K | — | View 990 |
| 2013 | $133K | $148K | $32K | $2K | — | View 990 |
| 2012 | $158K | $141K | $47K | $2K | — | View 990 |
| 2011 | $139K | $132K | $30K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $159K, expenses of $170K, and assets of $32K (revenue -1.2% year-over-year).
- 2022: Revenue of $161K, expenses of $156K, and assets of $43K (revenue +5.7% year-over-year).
- 2021: Revenue of $152K, expenses of $147K, and assets of $37K (revenue +0.1% year-over-year).
- 2020: Revenue of $152K, expenses of $146K, and assets of $32K (revenue -5.2% year-over-year).
- 2019: Revenue of $161K, expenses of $165K, and assets of $26K (revenue +7.6% year-over-year).
- 2018: Revenue of $149K, expenses of $149K, and assets of $30K (revenue -3.0% year-over-year).
- 2017: Revenue of $154K, expenses of $148K, and assets of $29K (revenue -3.1% year-over-year).
- 2016: Revenue of $159K, expenses of $157K, and assets of $23K (revenue +26.4% year-over-year).
- 2015: Revenue of $126K, expenses of $159K, and assets of $20K (revenue -23.1% year-over-year).
- 2014: Revenue of $164K, expenses of $143K, and assets of $53K (revenue +23.0% year-over-year).
- 2013: Revenue of $133K, expenses of $148K, and assets of $32K (revenue -16.0% year-over-year).
- 2012: Revenue of $158K, expenses of $141K, and assets of $47K (revenue +14.0% year-over-year).
- 2011: Revenue of $139K, expenses of $132K, and assets of $30K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Abounding Grace Biblical Counseling Ministry Inc:
Data Sources and Methodology
This transparency report for Abounding Grace Biblical Counseling Ministry 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.