Center For Ministry Development Inc
Center For Ministry Development Inc: Declining Revenue and High Administrative Costs Raise Concerns
EIN: 222215245 · Gig Harbor, WA · NTEE: O55Z · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $435K |
| Total Expenses | $504K |
| Program Spending | 50% |
| Net Assets | $-499,145 |
| Transparency Score | 45/100 |
Is Center For Ministry Development Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Center For Ministry Development Inc directs 50% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About Center For Ministry Development Inc
Center For Ministry Development Inc (EIN: 222215245) is a nonprofit organization based in Gig Harbor, WA, classified under NTEE code O55Z. The organization reported total revenue of $435K and total assets of $92K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Center For Ministry Development Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Center For Ministry Development Inc is a small nonprofit that has been operating for 46 years, with 10 years of IRS 990 filings on record (2011–2020). Revenue has grown at a compound annual rate of -14.9%.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
| Total Revenue | $422K |
| Total Expenses | $504K |
| Surplus / Deficit | $-81,500 |
| Total Assets | $92K |
| Total Liabilities | $591K |
| Net Assets | $-499,145 |
| Operating Margin | -19.3% |
| Debt-to-Asset Ratio | 645.3% |
| Months of Reserves | 2.2 months |
Financial Health Grade: D
In 2020, Center For Ministry Development Inc reported a deficit of $82K with expenses exceeding revenue, holds 2.2 months of operating reserves (limited), has a debt-to-asset ratio of 645.3% (high leverage).
Financial Trends
Over 10 years of filings (2011–2020), Center For Ministry Development Inc's revenue has declined at a compound annual growth rate (CAGR) of -14.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2020 | -64.2% | -58.2% | -32.4% |
| 2019 | -6.5% | -6.5% | -9.9% |
| 2018 | -11.1% | -9.1% | -19.0% |
| 2017 | -6.6% | -7.9% | +6.2% |
| 2016 | -7.6% | -5.7% | +12.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 1980 |
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 Center For Ministry Development Inc with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 30%
- programs: 50%
- fundraising: 20%
According to IRS 990 filings, Center For Ministry Development Inc allocates its expenses as follows: admin: 30%, programs: 50%, fundraising: 20%. Approximately 50% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $82K, with expenses exceeding revenue.
- Debt-to-asset ratio: 645.3%.
Executive Compensation Analysis
Executive compensation cannot be assessed without specific compensation figures, which are not provided in the available data.
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 Center For Ministry Development Inc's IRS 990 filings:
- Significant and consistent decline in revenue over the past seven years, from $1,755,006 in 2014 to $434,506 in 2020.
- Total expenses consistently exceed total revenue in multiple years (e.g., 2019, 2018, 2017, 2016), indicating operational deficits.
- Current assets of $91,537 in 2020 are significantly lower than liabilities of $590,682, raising concerns about solvency.
Strengths
The following positive indicators were identified for Center For Ministry Development Inc:
- The organization has maintained a 'c0%' (likely indicating 0% compensation ratio or similar) across all reported years, which could be a positive indicator if it refers to executive compensation.
Frequently Asked Questions about Center For Ministry Development Inc
Is Center For Ministry Development Inc a legitimate charity?
Center For Ministry Development Inc (EIN: 222215245) is a registered tax-exempt nonprofit based in Washington. Our AI analysis gives it a Mission Score of 45/100. It has 10 years of IRS 990 filings on record. Total revenue: $435K. 3 red flags identified. 1 strength noted. Financial health grade: D.
How does Center For Ministry Development Inc spend its money?
Center For Ministry Development Inc directs 50% of its spending to programs and services. Fundraising costs 20%. This falls below the 65% benchmark.
Are donations to Center For Ministry Development Inc tax-deductible?
Center For Ministry Development Inc is registered as a tax-exempt nonprofit (EIN: 222215245). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Center For Ministry Development Inc's spending goes to programs?
Center For Ministry Development Inc directs 50% to programs, 20% to fundraising. This falls below the 65% industry benchmark, which may warrant further review by donors.
How does Center For Ministry Development Inc compare to similar nonprofits?
With a transparency score of 45/100 (Fair), Center For Ministry Development Inc is near average for NTEE category O55Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Center For Ministry Development Inc located?
Center For Ministry Development Inc is headquartered in Gig Harbor, Washington and files with the IRS under EIN 222215245. It is classified under NTEE code O55Z.
How many years of IRS 990 filings does Center For Ministry Development Inc have?
Center For Ministry Development Inc has 10 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 $435K in total revenue.
What does Center For Ministry Development Inc do?
Center For Ministry Development Inc is a nonprofit organization in the Youth Development sector, located in Gig Harbor, Washington. It is classified under NTEE code O55Z.
How much revenue does Center For Ministry Development Inc have?
Center For Ministry Development Inc reported total revenue of $434,506. Based on 10 IRS 990 filings on record.
What are Center For Ministry Development Inc's total assets?
Center For Ministry Development Inc holds total assets of $91,537 as reported in IRS 990 filings.
Where is Center For Ministry Development Inc located?
Center For Ministry Development Inc is based in Gig Harbor, Washington.
What is Center For Ministry Development Inc's EIN?
Center For Ministry Development Inc's Employer Identification Number (EIN) is 222215245. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Center For Ministry Development Inc?
Center For Ministry Development Inc is classified under NTEE code O55Z (Youth Development).
Is Center For Ministry Development Inc a registered 501(c)(3)?
Yes, Center For Ministry Development Inc is recognized as a tax-exempt organization by the IRS. EIN: 222215245.
Does Center For Ministry Development Inc file IRS Form 990?
Yes, Center For Ministry Development Inc has 10 IRS Form 990 filings on record. The most recent covers tax period 202009.
What was Center For Ministry Development Inc's revenue in 2020?
In the 202009 filing period, Center For Ministry Development Inc reported total revenue of $422,201, total expenses of $503,701, and net assets of $91,537.
Is Center For Ministry Development Inc's revenue growing or declining?
Center For Ministry Development Inc's revenue is declining. Revenue went from $1,178,615 (201909) to $422,201 (202009), a -64.2% change. Based on 10 filings on record.
What is Center For Ministry Development Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Center For Ministry Development Inc covers tax period 202009. It shows revenue of $422,201, expenses of $503,701, total assets of $91,537, and liabilities of $590,682.
How much does Center For Ministry Development Inc spend on programs vs administration?
Based on IRS 990 analysis, Center For Ministry Development Inc allocates approximately 50% of expenses to program services, 30% to administrative costs, and 20% to fundraising. Program spending is moderate relative to overhead.
Is Center For Ministry Development Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Center For Ministry Development Inc shows mixed signals. Mission Score: 45/100 (Fair). 3 red flags identified. 1 strength noted.
What are the red flags for Center For Ministry Development Inc?
The following concerns were identified: Significant and consistent decline in revenue over the past seven years, from $1,755,006 in 2014 to $434,506 in 2020.. Total expenses consistently exceed total revenue in multiple years (e.g., 2019, 2018, 2017, 2016), indicating operational deficits.. Current assets of $91,537 in 2020 are significantly lower than liabilities of $590,682, raising concerns about solvency.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Center For Ministry Development Inc's strengths?
Positive indicators for Center For Ministry Development Inc include: The organization has maintained a 'c0%' (likely indicating 0% compensation ratio or similar) across all reported years, which could be a positive indicator if it refers to executive compensation.. These findings are derived from AI analysis of the organization's financial filings.
How does Center For Ministry Development Inc compensate executives?
Executive compensation cannot be assessed without specific compensation figures, which are not provided in the available data. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent decline in revenue and the fact that expenses frequently exceed revenue, what is the long-term financial viability strategy for the Center For Ministry Development Inc?
The provided data suggests a concerning trend where the organization's revenue has plummeted by over 75% from 2014 to 2020, while expenses often outpace income. Without a clear strategy to reverse this trend or significantly cut costs, the long-term financial viability of the organization appears to be at risk.
How does the organization plan to address the growing disparity between its declining assets and relatively stable liabilities?
With assets of $91,537 and liabilities of $590,682 in 2020, the organization faces a substantial deficit. This imbalance indicates a potential liquidity crisis and raises questions about how the organization intends to meet its financial obligations without further jeopardizing its asset base.
Filing History
IRS 990 filing history for Center For Ministry Development Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2020), Center For Ministry Development Inc's revenue has declined by 76.7%, moving from $1.8M to $422K. Total assets decreased by 59.7% over the same period, from $227K to $92K. Total functional expenses fell by 71.9%, from $1.8M to $504K. In its most recent filing year (2020), Center For Ministry Development Inc reported a deficit of $82K, with expenses exceeding revenue. The organization holds $591K in liabilities against $92K in assets (debt-to-asset ratio: 645.3%), resulting in net assets of $-499,145.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2020 | $422K | $504K | $92K | $591K | — | — |
| 2019 | $1.2M | $1.2M | $135K | $553K | — | View 990 |
| 2018 | $1.3M | $1.3M | $150K | $541K | — | View 990 |
| 2017 | $1.4M | $1.4M | $186K | $548K | — | View 990 |
| 2016 | $1.5M | $1.5M | $175K | $537K | — | View 990 |
| 2015 | $1.6M | $1.6M | $155K | $496K | — | View 990 |
| 2014 | $1.8M | $1.7M | $188K | $540K | — | View 990 |
| 2013 | $1.7M | $1.7M | $172K | $565K | — | View 990 |
| 2012 | $1.8M | $1.8M | $196K | $588K | — | View 990 |
| 2011 | $1.8M | $1.8M | $227K | $593K | — | View 990 |
Year-by-Year Financial Summary
- 2020: Revenue of $422K, expenses of $504K, and assets of $92K (revenue -64.2% year-over-year).
- 2019: Revenue of $1.2M, expenses of $1.2M, and assets of $135K (revenue -6.5% year-over-year).
- 2018: Revenue of $1.3M, expenses of $1.3M, and assets of $150K (revenue -11.1% year-over-year).
- 2017: Revenue of $1.4M, expenses of $1.4M, and assets of $186K (revenue -6.6% year-over-year).
- 2016: Revenue of $1.5M, expenses of $1.5M, and assets of $175K (revenue -7.6% year-over-year).
- 2015: Revenue of $1.6M, expenses of $1.6M, and assets of $155K (revenue -6.3% year-over-year).
- 2014: Revenue of $1.8M, expenses of $1.7M, and assets of $188K (revenue +4.4% year-over-year).
- 2013: Revenue of $1.7M, expenses of $1.7M, and assets of $172K (revenue -4.2% year-over-year).
- 2012: Revenue of $1.8M, expenses of $1.8M, and assets of $196K (revenue -3.0% year-over-year).
- 2011: Revenue of $1.8M, expenses of $1.8M, and assets of $227K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Center For Ministry Development Inc:
Data Sources and Methodology
This transparency report for Center For Ministry Development 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.