Cabot Apostolic Ministries
Cabot Apostolic Ministries shows asset growth but recent operating deficits, with no reported officer compensation.
EIN: 205145390 · Cabot, AR · NTEE: X21 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $151K |
| Total Expenses | $135K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $1.2 |
| Net Assets | $1.3M |
| Transparency Score | 85/100 |
Is Cabot Apostolic Ministries Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Cabot Apostolic Ministries directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Cabot Apostolic Ministries
Cabot Apostolic Ministries (EIN: 205145390) is a nonprofit organization based in Cabot, AR, classified under NTEE code X21. The organization reported total revenue of $151K and total assets of $1.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cabot Apostolic Ministries's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Cabot Apostolic Ministries is a small nonprofit that has been operating for 8 years, with 7 years of IRS 990 filings on record (2017–2023). Revenue has grown at a compound annual rate of 13.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $118K |
| Total Expenses | $135K |
| Surplus / Deficit | $-17,514 |
| Total Assets | $1.3M |
| Net Assets | $1.3M |
| Operating Margin | -14.9% |
| Months of Reserves | 114.2 months |
Financial Health Grade: B
In 2023, Cabot Apostolic Ministries reported a deficit of $18K with expenses exceeding revenue, holds 114.2 months of operating reserves (strong position).
Financial Trends
Over 7 years of filings (2017–2023), Cabot Apostolic Ministries's revenue has grown at a compound annual growth rate (CAGR) of 13.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -22.1% | -26.3% | +0.8% |
| 2022 | -61.5% | -28.6% | -4.5% |
| 2021 | +177.0% | +135.9% | +9.7% |
| 2020 | -39.9% | +19.5% | +2.8% |
| 2019 | +92.4% | +46.8% | +13.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1270 |
| IRS Ruling Date | 2018 |
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 Cabot Apostolic Ministries with a Mission Score of 85 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Cabot Apostolic Ministries allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $18K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, which is exceptionally low for an organization with assets exceeding $1.2 million and annual revenues over $100,000, indicating a high degree of volunteer leadership or very modest compensation not categorized as officer pay.
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 Cabot Apostolic Ministries's IRS 990 filings:
- Expenses exceeded revenue in 2022 ($183,299 vs $150,969) and 2023 ($135,105 vs $117,591), indicating potential reliance on reserves or unsustainable spending patterns.
Strengths
The following positive indicators were identified for Cabot Apostolic Ministries:
- Consistent asset growth from $1,000,958 in 2017 to $1,286,187 in 2023.
- Zero reported officer compensation across all filings, indicating highly efficient leadership spending.
- No reported liabilities across all filings, demonstrating a debt-free financial position.
- Consistent filing of IRS 990s, indicating strong transparency.
Frequently Asked Questions about Cabot Apostolic Ministries
Is Cabot Apostolic Ministries a legitimate charity?
Based on AI analysis of IRS 990 filings, Cabot Apostolic Ministries (EIN: 205145390) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Cabot Apostolic Ministries spend its money?
Cabot Apostolic Ministries directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Cabot Apostolic Ministries tax-deductible?
Cabot Apostolic Ministries is registered as a tax-exempt nonprofit (EIN: 205145390). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Cabot Apostolic Ministries CEO make?
Cabot Apostolic Ministries's highest-compensated officer earns $1.2 annually. The organization reported $151K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Cabot Apostolic Ministries's spending goes to programs?
Cabot Apostolic Ministries directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Cabot Apostolic Ministries compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Cabot Apostolic Ministries 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 Cabot Apostolic Ministries located?
Cabot Apostolic Ministries is headquartered in Cabot, Arkansas and files with the IRS under EIN 205145390. It is classified under NTEE code X21.
How many years of IRS 990 filings does Cabot Apostolic Ministries have?
Cabot Apostolic Ministries has 7 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 $151K in total revenue.
Is Cabot Apostolic Ministries a good charity?
Based on the available data, Cabot Apostolic Ministries appears to be a financially transparent organization with a strong commitment to its mission, evidenced by 0% officer compensation and consistent asset growth. However, recent operating deficits (expenses exceeding revenue in 2022 and 2023) warrant closer examination of their long-term financial sustainability.
How has the organization's revenue trended over time?
Revenue has fluctuated significantly, with a peak of $391,795 in 2021, but has generally been in the range of $117,000 to $150,000 in recent years (2022 and 2023).
What is the organization's financial stability?
The organization has a strong asset base, growing from $1,000,958 in 2017 to $1,286,187 in 2023, and consistently reports $0 in liabilities, indicating good financial stability. However, recent operating deficits could impact long-term stability if not addressed.
Filing History
IRS 990 filing history for Cabot Apostolic Ministries showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2017–2023), Cabot Apostolic Ministries's revenue has grown by 113.4%, moving from $55K to $118K. Total assets increased by 28.5% over the same period, from $1.0M to $1.3M. Total functional expenses rose by 106.5%, from $65K to $135K. In its most recent filing year (2023), Cabot Apostolic Ministries reported a deficit of $18K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $118K | $135K | $1.3M | $0 | — | — |
| 2022 | $151K | $183K | $1.3M | $0 | — | — |
| 2021 | $392K | $257K | $1.3M | $0 | — | View 990 |
| 2020 | $141K | $109K | $1.2M | $0 | — | — |
| 2019 | $235K | $91K | $1.2M | $0 | — | View 990 |
| 2018 | $122K | $62K | $1.0M | $0 | — | View 990 |
| 2017 | $55K | $65K | $1.0M | $0 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $118K, expenses of $135K, and assets of $1.3M (revenue -22.1% year-over-year).
- 2022: Revenue of $151K, expenses of $183K, and assets of $1.3M (revenue -61.5% year-over-year).
- 2021: Revenue of $392K, expenses of $257K, and assets of $1.3M (revenue +177.0% year-over-year).
- 2020: Revenue of $141K, expenses of $109K, and assets of $1.2M (revenue -39.9% year-over-year).
- 2019: Revenue of $235K, expenses of $91K, and assets of $1.2M (revenue +92.4% year-over-year).
- 2018: Revenue of $122K, expenses of $62K, and assets of $1.0M (revenue +121.9% year-over-year).
- 2017: Revenue of $55K, expenses of $65K, and assets of $1.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Cabot Apostolic Ministries:
Data Sources and Methodology
This transparency report for Cabot Apostolic Ministries 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.