Corelink Ministries
EIN: 233084195 · Wilmington, DE · NTEE: X21
| Metric | Value |
|---|---|
| Total Revenue | $387K |
| Total Expenses | $308K |
| Net Assets | $186K |
Is Corelink Ministries Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Corelink Ministries
Corelink Ministries (EIN: 233084195) is a nonprofit organization based in Wilmington, DE, classified under NTEE code X21. The organization reported total revenue of $387K and total assets of $145K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Corelink Ministries's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Corelink Ministries is a small nonprofit that has been operating for 25 years, with 11 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 29.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $107K |
| Total Expenses | $308K |
| Surplus / Deficit | $-200,852 |
| Total Assets | $186K |
| Total Liabilities | $1 |
| Net Assets | $186K |
| Operating Margin | -187.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 7.2 months |
Financial Health Grade: B
In 2023, Corelink Ministries reported a deficit of $201K with expenses exceeding revenue, holds 7.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 11 years of filings (2010–2023), Corelink Ministries's revenue has grown at a compound annual growth rate (CAGR) of 29.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +90.9% | +15.8% | -51.9% |
| 2022 | +211.7% | +120.4% | -35.2% |
| 2021 | +9553.5% | +7.2% | -14.7% |
| 2020 | -93.5% | +168.4% | -19.6% |
| 2019 | -90.1% | +43.7% | +86963000.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2700 |
| IRS Ruling Date | 2001 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Corelink 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 Corelink 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 $201K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Corelink Ministries
Is Corelink Ministries a legitimate charity?
Based on AI analysis of IRS 990 filings, Corelink Ministries (EIN: 233084195) insufficient data. 0 red flags identified, 0 strengths noted.
How does Corelink Ministries spend its money?
Detailed spending breakdown data is not yet available for Corelink Ministries. Check back for updated IRS 990 analysis.
Are donations to Corelink Ministries tax-deductible?
Corelink Ministries is registered as a tax-exempt nonprofit (EIN: 233084195). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Corelink Ministries located?
Corelink Ministries is headquartered in Wilmington, Delaware and files with the IRS under EIN 233084195. It is classified under NTEE code X21.
How many years of IRS 990 filings does Corelink Ministries have?
Corelink Ministries has 11 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 $387K in total revenue.
Filing History
IRS 990 filing history for Corelink Ministries showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2010–2023), Corelink Ministries's revenue has grown by 2788.8%, moving from $4K to $107K. Total assets increased by 18591200% over the same period, from $1 to $186K. Total functional expenses rose by 8189.5%, from $4K to $308K. In its most recent filing year (2023), Corelink Ministries reported a deficit of $201K, with expenses exceeding revenue. The organization holds $1 in liabilities against $186K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $186K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $107K | $308K | $186K | $1 | — | View 990 |
| 2022 | $56K | $266K | $387K | $1 | — | View 990 |
| 2021 | $18K | $121K | $597K | $1 | — | View 990 |
| 2020 | $187 | $113K | $700K | $1 | — | View 990 |
| 2019 | $3K | $42K | $870K | $1 | — | View 990 |
| 2015 | $29K | $29K | $1 | $1 | — | View 990 |
| 2014 | $37K | $37K | $1 | $0 | — | View 990 |
| 2013 | $20K | $20K | $1 | $0 | — | View 990 |
| 2012 | $42K | $42K | $1 | $0 | — | View 990 |
| 2011 | $9K | $9K | $1 | $0 | — | View 990 |
| 2010 | $4K | $4K | $1 | $0 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $107K, expenses of $308K, and assets of $186K (revenue +90.9% year-over-year).
- 2022: Revenue of $56K, expenses of $266K, and assets of $387K (revenue +211.7% year-over-year).
- 2021: Revenue of $18K, expenses of $121K, and assets of $597K (revenue +9553.5% year-over-year).
- 2020: Revenue of $187, expenses of $113K, and assets of $700K (revenue -93.5% year-over-year).
- 2019: Revenue of $3K, expenses of $42K, and assets of $870K (revenue -90.1% year-over-year).
- 2015: Revenue of $29K, expenses of $29K, and assets of $1 (revenue -20.9% year-over-year).
- 2014: Revenue of $37K, expenses of $37K, and assets of $1 (revenue +83.8% year-over-year).
- 2013: Revenue of $20K, expenses of $20K, and assets of $1 (revenue -51.7% year-over-year).
- 2012: Revenue of $42K, expenses of $42K, and assets of $1 (revenue +358.8% year-over-year).
- 2011: Revenue of $9K, expenses of $9K, and assets of $1 (revenue +144.7% year-over-year).
- 2010: Revenue of $4K, expenses of $4K, and assets of $1.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Corelink Ministries:
Data Sources and Methodology
This transparency report for Corelink 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.