Connect Ministries Inc

Connect Ministries Inc shows consistent revenue growth and zero reported officer compensation.

EIN: 205576128 · Watkinsville, GA · NTEE: X20 · Updated: 2026-03-28

$4.1MRevenue

$3.2MAssets

90/100Mission Score (Excellent)

X20

About Connect Ministries Inc

Connect Ministries Inc (EIN: 205576128) is a nonprofit organization based in Watkinsville, GA, classified under NTEE code X20. The organization reported total revenue of $4.1M and total assets of $3.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Connect Ministries Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Connect Ministries Inc demonstrates a generally healthy financial trajectory, with consistent revenue growth over the past decade, culminating in $4,071,006 in latest reported revenue. The organization has also shown strong asset growth, reaching $3,150,403. A notable strength is the consistent reporting of 0% officer compensation across all available filings, indicating a commitment to directing funds towards its mission rather than executive salaries. This practice significantly enhances its transparency and financial efficiency.

While specific program, administrative, and fundraising expense breakdowns are not provided in the summary data, the overall expense ratios appear reasonable. For instance, in 2022, expenses were $3,597,056 against revenues of $3,788,038, suggesting a healthy operating margin. The organization's liabilities have fluctuated, with a significant increase in 2022 to $1,437,738, which warrants closer examination in the full 990 filing to understand its nature and impact on long-term financial stability. However, the overall financial health appears robust, supported by growing assets and a clear dedication to minimizing executive overhead.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Connect Ministries Inc with a Mission Score of 90 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, Connect 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.

Executive Compensation Analysis

Connect Ministries Inc consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers. This is a highly positive indicator of financial efficiency and a strong commitment to directing resources towards its mission.

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 Connect Ministries Inc's IRS 990 filings:

Significant increase in liabilities in 2022 without immediate explanation in summary data.

Strengths

The following positive indicators were identified for Connect Ministries Inc:

Consistent revenue growth over the past decade.
Zero reported officer compensation across all filings, indicating high efficiency.
Strong asset growth, demonstrating increasing financial capacity.
Healthy operating margins in recent years (e.g., 2022 revenue $3.78M vs. expenses $3.59M).

Frequently Asked Questions about Connect Ministries Inc

What caused the significant increase in liabilities in 2022 to $1,437,738?

The provided data shows a jump in liabilities from $131,191 in 2021 to $1,437,738 in 2022. A detailed review of the full 990 filing for 2022 would be necessary to understand the nature of these liabilities (e.g., program-related debt, capital expenditures, deferred revenue) and their implications for the organization's financial health.

How does Connect Ministries Inc manage its fundraising costs given its revenue growth?

While specific fundraising expense data is not provided, the consistent revenue growth suggests effective fundraising. Given the 0% officer compensation, it implies that fundraising efforts are likely managed efficiently, possibly through volunteer efforts or a lean paid staff structure, but a detailed breakdown would confirm this.

What are the specific program activities funded by Connect Ministries Inc?

The NTEE code X20 indicates 'Religious, Spiritual, and Faith-Based Organizations'. To understand the specific program activities, a review of the organization's mission statement and program service accomplishments detailed in its full 990 filings would be required.

Filing History

IRS 990 filing history for Connect Ministries Inc showing financial trends over 12 years of public records:

Over 12 years of IRS 990 filings (2011–2022), Connect Ministries Inc's revenue has grown by 406.5%, moving from $748K to $3.8M. Total assets increased by 4266% over the same period, from $82K to $3.6M. Total functional expenses rose by 389.7%, from $735K to $3.6M. In its most recent filing year (2022), Connect Ministries Inc reported a surplus of $191K, with revenue exceeding expenses. The organization holds $1.4M in liabilities against $3.6M in assets (debt-to-asset ratio: 40.0%), resulting in net assets of $2.2M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2022	$3.8M	$3.6M	$3.6M	$1.4M	—	View 990
2021	$3.7M	$2.9M	$2.1M	$131K	—	View 990
2020	$2.1M	$2.2M	$1.3M	$142K	—	View 990
2019	$2.4M	$2.0M	$1.3M	$104K	—	View 990
2018	$1.8M	$1.5M	$858K	$38K	—	View 990
2017	$1.7M	$1.4M	$649K	$87K	—	—
2016	$1.9M	$1.8M	$390K	$102K	—	View 990
2015	$1.8M	$1.9M	$276K	$165K	—	View 990
2014	$1.6M	$1.6M	$253K	$85K	—	View 990
2013	$1.5M	$1.4M	$273K	$113K	—	View 990
2012	$1.2M	$1.2M	$211K	$191K	—	View 990
2011	$748K	$735K	$82K	$64K	—	View 990

Year-by-Year Financial Summary

2022: Revenue of $3.8M, expenses of $3.6M, and assets of $3.6M (revenue +3.1% year-over-year).
2021: Revenue of $3.7M, expenses of $2.9M, and assets of $2.1M (revenue +73.2% year-over-year).
2020: Revenue of $2.1M, expenses of $2.2M, and assets of $1.3M (revenue -12.9% year-over-year).
2019: Revenue of $2.4M, expenses of $2.0M, and assets of $1.3M (revenue +35.9% year-over-year).
2018: Revenue of $1.8M, expenses of $1.5M, and assets of $858K (revenue +7.1% year-over-year).
2017: Revenue of $1.7M, expenses of $1.4M, and assets of $649K (revenue -13.7% year-over-year).
2016: Revenue of $1.9M, expenses of $1.8M, and assets of $390K (revenue +6.3% year-over-year).
2015: Revenue of $1.8M, expenses of $1.9M, and assets of $276K (revenue +14.6% year-over-year).
2014: Revenue of $1.6M, expenses of $1.6M, and assets of $253K (revenue +5.9% year-over-year).
2013: Revenue of $1.5M, expenses of $1.4M, and assets of $273K (revenue +23.9% year-over-year).
2012: Revenue of $1.2M, expenses of $1.2M, and assets of $211K (revenue +62.1% year-over-year).
2011: Revenue of $748K, expenses of $735K, and assets of $82K.

Data Sources and Methodology

This transparency report for Connect 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.