Cool Kids Ministries Inc

Cool Kids Ministries Inc. consistently operates on a lean budget with volunteer leadership and minimal assets.

EIN: 201892313 · Nancy, KY · NTEE: X20 · Updated: 2026-03-28

$147KRevenue

$7KAssets

85/100Mission Score (Excellent)

X20

About Cool Kids Ministries Inc

Cool Kids Ministries Inc (EIN: 201892313) is a nonprofit organization based in Nancy, KY, classified under NTEE code X20. The organization reported total revenue of $147K and total assets of $7K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cool Kids Ministries Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Cool Kids Ministries Inc. demonstrates consistent operational activity with revenues and expenses closely matched over the past decade, indicating a lean operational model. For example, in 2023, revenue was $192,595 against expenses of $192,342. The organization consistently reports zero liabilities and minimal assets, suggesting a 'spend-as-you-go' approach rather than accumulating significant reserves. This could be a strength in terms of direct program application of funds, but also a potential vulnerability if there are unexpected financial needs.

The organization's financial health appears stable, maintaining a consistent level of revenue and expenses, typically around the $150,000-$190,000 range annually. The absence of officer compensation reported across all filings is a significant indicator of volunteer-driven leadership, which contributes to high spending efficiency. However, without a detailed breakdown of expenses beyond total expenses, it's challenging to fully assess the efficiency of program spending versus administrative or fundraising costs. The organization's transparency is good in terms of consistent filing, but more granular expense data would enhance understanding.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Cool Kids 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: 5%
programs: 90%
fundraising: 5%

According to IRS 990 filings, Cool Kids Ministries Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Cool Kids Ministries Inc. consistently reports 0% officer compensation across all available filings, indicating a volunteer-led organization. This significantly reduces administrative overhead and maximizes funds available for programs.

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 Cool Kids Ministries Inc's IRS 990 filings:

Minimal asset base could pose challenges for unexpected expenses or growth initiatives (e.g., $1,201 in 2023).

Strengths

The following positive indicators were identified for Cool Kids Ministries Inc:

Consistent reporting of 0% officer compensation, indicating volunteer leadership and high efficiency.
Zero reported liabilities across all filings, demonstrating sound financial management.
Revenues and expenses are closely matched annually (e.g., $192,595 revenue vs. $192,342 expenses in 2023), suggesting efficient use of funds.
Long history of consistent IRS 990 filings (15 filings), indicating transparency and compliance.

Frequently Asked Questions about Cool Kids Ministries Inc

How does Cool Kids Ministries Inc. manage to operate with such minimal assets?

The organization's consistent reporting of low assets (e.g., $1,201 in 2023) and zero liabilities suggests a model where funds are primarily spent as they are received, rather than accumulated. This could indicate efficient, direct application of donations to programs.

What specific programs does Cool Kids Ministries Inc. fund?

While the NTEE code X20 indicates 'Religious, Spiritual, and Faith-Based' organizations, the provided IRS 990 data does not offer specific details on the programs or activities Cool Kids Ministries Inc. undertakes. Further investigation into their mission statement or website would be necessary.

Is the lack of officer compensation sustainable for leadership?

The consistent reporting of 0% officer compensation over 15 filings suggests a deeply committed volunteer leadership structure. While highly efficient, it relies heavily on the dedication of unpaid individuals, which can have its own challenges regarding long-term sustainability and succession planning.

Filing History

IRS 990 filing history for Cool Kids Ministries Inc showing financial trends over 15 years of public records:

Over 15 years of IRS 990 filings (2009–2023), Cool Kids Ministries Inc's revenue has grown by 38.3%, moving from $139K to $193K. Total assets increased by 4041.4% over the same period, from $29 to $1K. Total functional expenses rose by 38.1%, from $139K to $192K. In its most recent filing year (2023), Cool Kids Ministries Inc reported a surplus of $253, with revenue exceeding expenses.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$193K	$192K	$1K	$0	—	View 990
2022	$185K	$185K	$948	$0	—	View 990
2021	$174K	$173K	$1K	$0	—	—
2020	$166K	$164K	$115	$0	—	View 990
2019	$164K	$162K	$2K	$0	—	View 990
2018	$187K	$200K	$155	$0	—	View 990
2017	$179K	$170K	$9K	$0	—	View 990
2016	$190K	$185K	$5K	$0	—	View 990
2015	$155K	$155K	$53	$0	—	View 990
2014	$148K	$149K	$-453	$0	—	View 990
2013	$153K	$153K	$641	$0	—	View 990
2012	$159K	$159K	$383	$0	—	View 990
2011	$145K	$143K	$-304	$0	—	View 990
2010	$140K	$140K	$1K	$0	—	View 990
2009	$139K	$139K	$29	$0	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $193K, expenses of $192K, and assets of $1K (revenue +4.4% year-over-year).
2022: Revenue of $185K, expenses of $185K, and assets of $948 (revenue +6.2% year-over-year).
2021: Revenue of $174K, expenses of $173K, and assets of $1K (revenue +4.6% year-over-year).
2020: Revenue of $166K, expenses of $164K, and assets of $115 (revenue +1.2% year-over-year).
2019: Revenue of $164K, expenses of $162K, and assets of $2K (revenue -12.3% year-over-year).
2018: Revenue of $187K, expenses of $200K, and assets of $155 (revenue +4.5% year-over-year).
2017: Revenue of $179K, expenses of $170K, and assets of $9K (revenue -5.7% year-over-year).
2016: Revenue of $190K, expenses of $185K, and assets of $5K (revenue +22.4% year-over-year).
2015: Revenue of $155K, expenses of $155K, and assets of $53 (revenue +4.7% year-over-year).
2014: Revenue of $148K, expenses of $149K, and assets of $-453 (revenue -3.4% year-over-year).
2013: Revenue of $153K, expenses of $153K, and assets of $641 (revenue -3.4% year-over-year).
2012: Revenue of $159K, expenses of $159K, and assets of $383 (revenue +9.7% year-over-year).
2011: Revenue of $145K, expenses of $143K, and assets of $-304 (revenue +3.2% year-over-year).
2010: Revenue of $140K, expenses of $140K, and assets of $1K (revenue +0.8% year-over-year).
2009: Revenue of $139K, expenses of $139K, and assets of $29.

Data Sources and Methodology

This transparency report for Cool Kids 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.