Bob Russell Ministries Inc
Bob Russell Ministries Inc. maintains stable finances with no reported officer compensation amidst fluctuating revenues.
EIN: 204963036 · Louisville, KY · NTEE: X21 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $400K |
| Total Expenses | $303K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $258,700 |
| Net Assets | $469K |
| Transparency Score | 92/100 |
Is Bob Russell Ministries Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Bob Russell Ministries Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Bob Russell Ministries Inc
Bob Russell Ministries Inc (EIN: 204963036) is a nonprofit organization based in Louisville, KY, classified under NTEE code X21. The organization reported total revenue of $400K and total assets of $578K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bob Russell Ministries Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bob Russell Ministries Inc is a small nonprofit that has been operating for 20 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of -3.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $304K |
| Total Expenses | $303K |
| Surplus / Deficit | +$1K |
| Total Assets | $476K |
| Total Liabilities | $7K |
| Net Assets | $469K |
| Operating Margin | 0.5% |
| Debt-to-Asset Ratio | 1.5% |
| Months of Reserves | 18.9 months |
Financial Health Grade: A
In 2023, Bob Russell Ministries Inc reported a surplus of $1K with revenue exceeding expenses, holds 18.9 months of operating reserves (strong position), has a debt-to-asset ratio of 1.5% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Bob Russell Ministries Inc's revenue has declined at a compound annual growth rate (CAGR) of -3.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -15.8% | +22.1% | -4.1% |
| 2022 | -19.7% | -45.4% | +38.0% |
| 2021 | +55.7% | +78.2% | -0.7% |
| 2020 | +11.7% | -4.8% | +11.3% |
| 2019 | -45.5% | -51.6% | -2.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 2006 |
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 Bob Russell Ministries 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, Bob Russell Ministries 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 surplus of $1K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.5%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization, which is highly unusual for an organization with revenues ranging from $258,700 to $782,909 and suggests a volunteer-led or externally funded 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 Bob Russell Ministries Inc's IRS 990 filings:
- Significant revenue volatility over the past decade, which could impact long-term planning.
Strengths
The following positive indicators were identified for Bob Russell Ministries Inc:
- Consistent reporting of 0% officer compensation, indicating high dedication to mission.
- Strong asset base relative to liabilities, demonstrating financial solvency.
- Consistent IRS 990 filing history, indicating good transparency and compliance.
- Expenses generally align closely with revenues, suggesting prudent financial management.
Frequently Asked Questions about Bob Russell Ministries Inc
Is Bob Russell Ministries Inc a legitimate charity?
Bob Russell Ministries Inc (EIN: 204963036) is a registered tax-exempt nonprofit based in Kentucky. Our AI analysis gives it a Mission Score of 92/100. It has 14 years of IRS 990 filings on record. Total revenue: $400K. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Bob Russell Ministries Inc spend its money?
Bob Russell Ministries Inc directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Bob Russell Ministries Inc tax-deductible?
Bob Russell Ministries Inc is registered as a tax-exempt nonprofit (EIN: 204963036). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Bob Russell Ministries Inc CEO make?
Bob Russell Ministries Inc's highest-compensated officer earns $258,700 annually. The organization reported $400K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Bob Russell Ministries Inc's spending goes to programs?
Bob Russell Ministries Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Bob Russell Ministries Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Bob Russell Ministries Inc is above average for NTEE category X21 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Bob Russell Ministries Inc located?
Bob Russell Ministries Inc is headquartered in Louisville, Kentucky and files with the IRS under EIN 204963036. It is classified under NTEE code X21.
How many years of IRS 990 filings does Bob Russell Ministries Inc have?
Bob Russell Ministries Inc has 14 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 $400K in total revenue.
Is Bob Russell Ministries Inc. financially stable?
Yes, Bob Russell Ministries Inc. appears financially stable. Its assets consistently exceed liabilities, and while revenue has fluctuated, expenses have generally been managed to maintain a positive net asset position. For example, in 2023, assets were $475,897 against liabilities of $7,347.
Does Bob Russell Ministries Inc. pay its executives?
No, according to the IRS 990 filings, Bob Russell Ministries Inc. reported 0% officer compensation for all periods from 2014 to 2023.
How has Bob Russell Ministries Inc.'s revenue trended over time?
Bob Russell Ministries Inc.'s revenue has shown significant fluctuations over the past decade, peaking at $782,909 in 2016 and dipping to $258,700 in 2019, before recovering to $303,975 in 2023.
What is the organization's asset-to-liability ratio?
The organization generally maintains a very strong asset-to-liability ratio. For instance, in 2023, assets were $475,897 while liabilities were only $7,347, indicating a highly solvent position.
Filing History
IRS 990 filing history for Bob Russell Ministries Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Bob Russell Ministries Inc's revenue has declined by 39.7%, moving from $504K to $304K. Total assets increased by 225.2% over the same period, from $146K to $476K. Total functional expenses fell by 48.1%, from $583K to $303K. In its most recent filing year (2023), Bob Russell Ministries Inc reported a surplus of $1K, with revenue exceeding expenses. The organization holds $7K in liabilities against $476K in assets (debt-to-asset ratio: 1.5%), resulting in net assets of $469K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $304K | $303K | $476K | $7K | — | — |
| 2022 | $361K | $248K | $496K | $29K | — | View 990 |
| 2021 | $450K | $454K | $359K | $5K | — | View 990 |
| 2020 | $289K | $255K | $362K | $4K | — | View 990 |
| 2019 | $259K | $267K | $325K | $1K | — | View 990 |
| 2018 | $475K | $553K | $334K | $1K | — | View 990 |
| 2017 | $755K | $753K | $399K | $3K | — | View 990 |
| 2016 | $783K | $674K | $392K | $0 | — | View 990 |
| 2015 | $732K | $810K | $282K | $0 | — | View 990 |
| 2014 | $674K | $715K | $360K | $0 | — | View 990 |
| 2013 | $681K | $622K | $406K | $5K | — | View 990 |
| 2012 | $606K | $713K | $342K | $0 | — | View 990 |
| 2011 | $799K | $497K | $448K | $0 | — | View 990 |
| 2010 | $504K | $583K | $146K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $304K, expenses of $303K, and assets of $476K (revenue -15.8% year-over-year).
- 2022: Revenue of $361K, expenses of $248K, and assets of $496K (revenue -19.7% year-over-year).
- 2021: Revenue of $450K, expenses of $454K, and assets of $359K (revenue +55.7% year-over-year).
- 2020: Revenue of $289K, expenses of $255K, and assets of $362K (revenue +11.7% year-over-year).
- 2019: Revenue of $259K, expenses of $267K, and assets of $325K (revenue -45.5% year-over-year).
- 2018: Revenue of $475K, expenses of $553K, and assets of $334K (revenue -37.1% year-over-year).
- 2017: Revenue of $755K, expenses of $753K, and assets of $399K (revenue -3.5% year-over-year).
- 2016: Revenue of $783K, expenses of $674K, and assets of $392K (revenue +6.9% year-over-year).
- 2015: Revenue of $732K, expenses of $810K, and assets of $282K (revenue +8.7% year-over-year).
- 2014: Revenue of $674K, expenses of $715K, and assets of $360K (revenue -1.0% year-over-year).
- 2013: Revenue of $681K, expenses of $622K, and assets of $406K (revenue +12.3% year-over-year).
- 2012: Revenue of $606K, expenses of $713K, and assets of $342K (revenue -24.1% year-over-year).
- 2011: Revenue of $799K, expenses of $497K, and assets of $448K (revenue +58.4% year-over-year).
- 2010: Revenue of $504K, expenses of $583K, and assets of $146K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bob Russell Ministries Inc:
Data Sources and Methodology
This transparency report for Bob Russell 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.