Capstone Ministries Inc
Capstone Ministries Inc consistently operates near break-even with no reported officer compensation.
EIN: 204721044 · Mitchell, IN · NTEE: P29 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $248K |
| Total Expenses | $245K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $200,000 |
| Net Assets | $146K |
| Transparency Score | 85/100 |
Is Capstone Ministries Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Capstone Ministries Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Capstone Ministries Inc
Capstone Ministries Inc (EIN: 204721044) is a nonprofit organization based in Mitchell, IN, classified under NTEE code P29. The organization reported total revenue of $248K and total assets of $163K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Capstone Ministries Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Capstone Ministries Inc is a small nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $231K |
| Total Expenses | $245K |
| Surplus / Deficit | $-13,693 |
| Total Assets | $167K |
| Total Liabilities | $21K |
| Net Assets | $146K |
| Operating Margin | -5.9% |
| Debt-to-Asset Ratio | 12.4% |
| Months of Reserves | 8.2 months |
Financial Health Grade: B
In 2023, Capstone Ministries Inc reported a deficit of $14K with expenses exceeding revenue, holds 8.2 months of operating reserves (strong position), has a debt-to-asset ratio of 12.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Capstone Ministries Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -0.6% | +9.4% | -11.4% |
| 2022 | +12.4% | +28.0% | -4.9% |
| 2021 | +26.2% | +12.4% | +11.3% |
| 2020 | -2.9% | -10.2% | +16.3% |
| 2019 | +10.4% | +12.5% | -2.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| 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 Capstone Ministries Inc 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, Capstone Ministries Inc 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 $14K, with expenses exceeding revenue.
- Debt-to-asset ratio: 12.4%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no salaries are paid to officers, which is highly commendable for an organization of its size with revenues around $200,000 annually.
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 Capstone Ministries Inc's IRS 990 filings:
- Expenses occasionally exceed revenue, as seen in 2023 ($244,640 expenses vs. $230,947 revenue), which could lead to drawing down reserves if not managed.
Strengths
The following positive indicators were identified for Capstone Ministries Inc:
- Consistent 0% officer compensation across all filings, indicating high efficiency in directing funds to mission.
- Stable asset base, consistently above $150,000, providing a financial cushion.
- General growth in revenue over the past decade, demonstrating increasing support.
- Low liabilities relative to assets, indicating good financial health.
Frequently Asked Questions about Capstone Ministries Inc
Is Capstone Ministries Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Capstone Ministries Inc (EIN: 204721044) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Capstone Ministries Inc spend its money?
Capstone Ministries Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Capstone Ministries Inc tax-deductible?
Capstone Ministries Inc is registered as a tax-exempt nonprofit (EIN: 204721044). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Capstone Ministries Inc CEO make?
Capstone Ministries Inc's highest-compensated officer earns $200,000 annually. The organization reported $248K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Capstone Ministries Inc's spending goes to programs?
Capstone Ministries Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Capstone Ministries Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Capstone Ministries Inc is above average for NTEE category P29 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Capstone Ministries Inc located?
Capstone Ministries Inc is headquartered in Mitchell, Indiana and files with the IRS under EIN 204721044. It is classified under NTEE code P29.
How many years of IRS 990 filings does Capstone Ministries Inc have?
Capstone Ministries 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 $248K in total revenue.
Is Capstone Ministries Inc financially stable?
Yes, Capstone Ministries Inc appears financially stable. While expenses occasionally exceed revenue (e.g., 2023 expenses of $244,640 vs. revenue of $230,947), the organization maintains a consistent asset base (e.g., $167,105 in 2023) and manageable liabilities, suggesting a prudent approach to financial management.
How does Capstone Ministries Inc manage its administrative costs?
Without detailed expense breakdowns beyond officer compensation, it's challenging to pinpoint exact administrative costs. However, the consistent 0% officer compensation across all filings strongly suggests a lean operational structure and a focus on minimizing overhead related to executive salaries.
What is the trend in Capstone Ministries Inc's revenue?
Capstone Ministries Inc has shown a general upward trend in revenue over the past decade, increasing from $159,352 in 2014 to $230,947 in 2023, with some fluctuations year-to-year. This indicates a growing capacity to attract funding.
Filing History
IRS 990 filing history for Capstone Ministries Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Capstone Ministries Inc's revenue has grown by 53%, moving from $151K to $231K. Total assets increased by 1.3% over the same period, from $165K to $167K. Total functional expenses rose by 91.4%, from $128K to $245K. In its most recent filing year (2023), Capstone Ministries Inc reported a deficit of $14K, with expenses exceeding revenue. The organization holds $21K in liabilities against $167K in assets (debt-to-asset ratio: 12.4%), resulting in net assets of $146K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $231K | $245K | $167K | $21K | — | View 990 |
| 2022 | $232K | $224K | $189K | $28K | — | View 990 |
| 2021 | $207K | $175K | $198K | $35K | — | View 990 |
| 2020 | $164K | $155K | $178K | $22K | — | View 990 |
| 2019 | $169K | $173K | $153K | $5K | — | View 990 |
| 2018 | $153K | $154K | $157K | $5K | — | View 990 |
| 2017 | $181K | $156K | $205K | $52K | — | View 990 |
| 2016 | $156K | $150K | $183K | $55K | — | View 990 |
| 2015 | $170K | $167K | $167K | $45K | — | View 990 |
| 2014 | $159K | $146K | $166K | $47K | — | View 990 |
| 2013 | $160K | $157K | $168K | $63K | — | View 990 |
| 2012 | $163K | $173K | $170K | $68K | — | View 990 |
| 2011 | $151K | $128K | $165K | $53K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $231K, expenses of $245K, and assets of $167K (revenue -0.6% year-over-year).
- 2022: Revenue of $232K, expenses of $224K, and assets of $189K (revenue +12.4% year-over-year).
- 2021: Revenue of $207K, expenses of $175K, and assets of $198K (revenue +26.2% year-over-year).
- 2020: Revenue of $164K, expenses of $155K, and assets of $178K (revenue -2.9% year-over-year).
- 2019: Revenue of $169K, expenses of $173K, and assets of $153K (revenue +10.4% year-over-year).
- 2018: Revenue of $153K, expenses of $154K, and assets of $157K (revenue -15.7% year-over-year).
- 2017: Revenue of $181K, expenses of $156K, and assets of $205K (revenue +16.1% year-over-year).
- 2016: Revenue of $156K, expenses of $150K, and assets of $183K (revenue -8.2% year-over-year).
- 2015: Revenue of $170K, expenses of $167K, and assets of $167K (revenue +6.7% year-over-year).
- 2014: Revenue of $159K, expenses of $146K, and assets of $166K (revenue -0.7% year-over-year).
- 2013: Revenue of $160K, expenses of $157K, and assets of $168K (revenue -1.5% year-over-year).
- 2012: Revenue of $163K, expenses of $173K, and assets of $170K (revenue +7.9% year-over-year).
- 2011: Revenue of $151K, expenses of $128K, and assets of $165K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Capstone Ministries Inc:
Data Sources and Methodology
This transparency report for Capstone 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.