Caribbean Resource Ministries
EIN: 640871594 · Brandon, MS · NTEE: Q33
| Metric | Value |
|---|---|
| Total Revenue | $102K |
| Total Expenses | $92K |
Is Caribbean Resource Ministries Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Caribbean Resource Ministries
Caribbean Resource Ministries (EIN: 640871594) is a nonprofit organization based in Brandon, MS, classified under NTEE code Q33. The organization reported total revenue of $102K and total assets of $9K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Caribbean Resource Ministries's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Caribbean Resource Ministries is a small nonprofit that has been operating for 12 years, with 8 years of IRS 990 filings on record (2016–2023). Revenue has grown at a compound annual rate of -0.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $73K |
| Total Expenses | $92K |
| Surplus / Deficit | $-19,231 |
| Total Assets | $-19,231 |
| Net Assets | $-19,231 |
| Operating Margin | -26.4% |
| Months of Reserves | -2.5 months |
Financial Health Grade: C
In 2023, Caribbean Resource Ministries reported a deficit of $19K with expenses exceeding revenue, holds -2.5 months of operating reserves (limited).
Financial Trends
Over 8 years of filings (2016–2023), Caribbean Resource Ministries's revenue has grown at a compound annual growth rate (CAGR) of -0.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +34.7% | +364.7% | — |
| 2022 | -3.2% | -67.8% | — |
| 2021 | -8.6% | +60.5% | -112.6% |
| 2020 | -17.2% | -38.1% | +280.3% |
| 2019 | -3.5% | -10.1% | +1187400.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Caribbean Resource Ministries 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 Caribbean Resource Ministries 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 $19K, with expenses exceeding revenue.
Frequently Asked Questions about Caribbean Resource Ministries
Is Caribbean Resource Ministries a legitimate charity?
Based on AI analysis of IRS 990 filings, Caribbean Resource Ministries (EIN: 640871594) insufficient data. 0 red flags identified, 0 strengths noted.
How does Caribbean Resource Ministries spend its money?
Detailed spending breakdown data is not yet available for Caribbean Resource Ministries. Check back for updated IRS 990 analysis.
Are donations to Caribbean Resource Ministries tax-deductible?
Caribbean Resource Ministries is registered as a tax-exempt nonprofit (EIN: 640871594). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Caribbean Resource Ministries located?
Caribbean Resource Ministries is headquartered in Brandon, Mississippi and files with the IRS under EIN 640871594. It is classified under NTEE code Q33.
How many years of IRS 990 filings does Caribbean Resource Ministries have?
Caribbean Resource Ministries has 8 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 $102K in total revenue.
Filing History
IRS 990 filing history for Caribbean Resource Ministries showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2016–2023), Caribbean Resource Ministries's revenue has declined by 0.1%, moving from $73K to $73K. Total assets decreased by 256.2% over the same period, from $12K to $-19,231. Total functional expenses rose by 17.4%, from $78K to $92K. In its most recent filing year (2023), Caribbean Resource Ministries reported a deficit of $19K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $73K | $92K | $-19,231 | $0 | — | — |
| 2022 | $54K | $20K | $-3,459 | $0 | — | — |
| 2021 | $56K | $62K | $-5,708 | $0 | — | View 990 |
| 2020 | $61K | $38K | $45K | $0 | — | — |
| 2019 | $74K | $62K | $12K | $2K | — | View 990 |
| 2018 | $77K | $69K | $1 | $0 | — | View 990 |
| 2017 | $111K | $113K | $4K | $0 | — | View 990 |
| 2016 | $73K | $78K | $12K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $73K, expenses of $92K, and assets of $-19,231 (revenue +34.7% year-over-year).
- 2022: Revenue of $54K, expenses of $20K, and assets of $-3,459 (revenue -3.2% year-over-year).
- 2021: Revenue of $56K, expenses of $62K, and assets of $-5,708 (revenue -8.6% year-over-year).
- 2020: Revenue of $61K, expenses of $38K, and assets of $45K (revenue -17.2% year-over-year).
- 2019: Revenue of $74K, expenses of $62K, and assets of $12K (revenue -3.5% year-over-year).
- 2018: Revenue of $77K, expenses of $69K, and assets of $1 (revenue -30.8% year-over-year).
- 2017: Revenue of $111K, expenses of $113K, and assets of $4K (revenue +51.5% year-over-year).
- 2016: Revenue of $73K, expenses of $78K, and assets of $12K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Caribbean Resource Ministries:
Data Sources and Methodology
This transparency report for Caribbean Resource 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.