Believers Faith Outreach Ministries South Florida Inc
EIN: 844737606 · Tamarac, FL · NTEE: X20
Is Believers Faith Outreach Ministries South Florida Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Believers Faith Outreach Ministries South Florida Inc
Believers Faith Outreach Ministries South Florida Inc (EIN: 844737606) is a nonprofit organization based in Tamarac, FL, classified under NTEE code X20. The organization reported total revenue of $3.6M and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Believers Faith Outreach Ministries South Florida Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Believers Faith Outreach Ministries South Florida Inc is a mid-size nonprofit that has been operating for 4 years, with 2 years of IRS 990 filings on record (2022–2023). Revenue has grown at a compound annual rate of 78.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.9M |
| Total Expenses | $3.0M |
| Surplus / Deficit | $-89,099 |
| Total Assets | $912K |
| Net Assets | $912K |
| Operating Margin | -3.1% |
| Months of Reserves | 3.7 months |
Financial Health Grade: B
In 2023, Believers Faith Outreach Ministries South Florida Inc reported a deficit of $89K with expenses exceeding revenue, holds 3.7 months of operating reserves (adequate).
Financial Trends
Over 2 years of filings (2022–2023), Believers Faith Outreach Ministries South Florida Inc's revenue has grown at a compound annual growth rate (CAGR) of 78.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +78.5% | +101.7% | +19.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 2022 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Believers Faith Outreach Ministries South Florida 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 Believers Faith Outreach Ministries South Florida 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 deficit of $89K, with expenses exceeding revenue.
Frequently Asked Questions about Believers Faith Outreach Ministries South Florida Inc
Is Believers Faith Outreach Ministries South Florida Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Believers Faith Outreach Ministries South Florida Inc (EIN: 844737606) insufficient data. 0 red flags identified, 0 strengths noted.
How does Believers Faith Outreach Ministries South Florida Inc spend its money?
Detailed spending breakdown data is not yet available for Believers Faith Outreach Ministries South Florida Inc. Check back for updated IRS 990 analysis.
Are donations to Believers Faith Outreach Ministries South Florida Inc tax-deductible?
Believers Faith Outreach Ministries South Florida Inc is registered as a tax-exempt nonprofit (EIN: 844737606). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Believers Faith Outreach Ministries South Florida Inc showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2022–2023), Believers Faith Outreach Ministries South Florida Inc's revenue has grown by 78.5%, moving from $1.6M to $2.9M. Total assets increased by 19.1% over the same period, from $766K to $912K. Total functional expenses rose by 101.7%, from $1.5M to $3.0M. In its most recent filing year (2023), Believers Faith Outreach Ministries South Florida Inc reported a deficit of $89K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.9M | $3.0M | $912K | $0 | — | — |
| 2022 | $1.6M | $1.5M | $766K | $478K | — | — |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Believers Faith Outreach Ministries South Florida Inc:
Data Sources and Methodology
This transparency report for Believers Faith Outreach Ministries South Florida 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.