Dare For More Ministries Inc
Dare For More Ministries Inc shows strong revenue growth and zero executive compensation over a decade.
EIN: 205648351 · East Ridge, TN · NTEE: X20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.6M |
| Total Expenses | $996K |
| Program Spending | 90% |
| Net Assets | $652K |
| Transparency Score | 95/100 |
Is Dare For More Ministries Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Dare For More Ministries Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Dare For More Ministries Inc
Dare For More Ministries Inc (EIN: 205648351) is a nonprofit organization based in East Ridge, TN, classified under NTEE code X20. The organization reported total revenue of $1.6M and total assets of $827K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Dare For More Ministries Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Dare For More Ministries Inc is a mid-size nonprofit that has been operating for 18 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 23.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.1M |
| Total Expenses | $996K |
| Surplus / Deficit | +$112K |
| Total Assets | $694K |
| Total Liabilities | $42K |
| Net Assets | $652K |
| Operating Margin | 10.1% |
| Debt-to-Asset Ratio | 6.0% |
| Months of Reserves | 8.4 months |
Financial Health Grade: A
In 2023, Dare For More Ministries Inc reported a surplus of $112K with revenue exceeding expenses, holds 8.4 months of operating reserves (strong position), has a debt-to-asset ratio of 6.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Dare For More Ministries Inc's revenue has grown at a compound annual growth rate (CAGR) of 23.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +50.2% | +139.1% | +25.8% |
| 2022 | +209.6% | +99.1% | +142.8% |
| 2021 | +43.5% | +24.3% | -2.3% |
| 2020 | -28.5% | -29.3% | +17.9% |
| 2019 | +4.3% | +3.8% | -3.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7100 |
| IRS Ruling Date | 2008 |
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 Dare For More Ministries Inc with a Mission Score of 95 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Dare For More Ministries Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $112K, with revenue exceeding expenses.
- Debt-to-asset ratio: 6.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all 13 available filings, indicating that no salaries or benefits are paid to officers, which is highly unusual for an organization of its size and growth, and suggests a volunteer-led or very lean leadership structure.
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 Dare For More Ministries Inc's IRS 990 filings:
- Lack of detailed spending breakdown (program, admin, fundraising) in provided data makes precise efficiency analysis challenging.
Strengths
The following positive indicators were identified for Dare For More Ministries Inc:
- Consistent and significant revenue growth over the past decade, from $74,629 in 2014 to $1,107,987 in 2023.
- Zero officer compensation reported across all 13 filings, indicating a strong commitment to directing funds to mission.
- Healthy asset-to-liability ratio, with $693,553 in assets against $41,600 in liabilities in 2023, demonstrating strong financial health.
- Consistent surplus of revenue over expenses in most recent years (e.g., $1,107,987 revenue vs. $996,487 expenses in 2023).
- Long history of IRS 990 filings (13 filings), indicating transparency and compliance.
Frequently Asked Questions about Dare For More Ministries Inc
Is Dare For More Ministries Inc a legitimate charity?
Dare For More Ministries Inc (EIN: 205648351) is a registered tax-exempt nonprofit based in Tennessee. Our AI analysis gives it a Mission Score of 95/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.6M. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does Dare For More Ministries Inc spend its money?
Dare For More Ministries Inc directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Dare For More Ministries Inc tax-deductible?
Dare For More Ministries Inc is registered as a tax-exempt nonprofit (EIN: 205648351). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Dare For More Ministries Inc's spending goes to programs?
Dare For More Ministries Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Dare For More Ministries Inc compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Dare For More Ministries Inc is above average for NTEE category X20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Dare For More Ministries Inc located?
Dare For More Ministries Inc is headquartered in East Ridge, Tennessee and files with the IRS under EIN 205648351. It is classified under NTEE code X20.
How many years of IRS 990 filings does Dare For More Ministries Inc have?
Dare For More Ministries Inc has 13 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 $1.6M in total revenue.
Is Dare For More Ministries Inc a good charity?
Based on the provided financial data, Dare For More Ministries Inc appears to be a very good charity. It demonstrates strong financial growth, maintains healthy assets relative to liabilities, and notably reports 0% officer compensation across all filings, suggesting a high dedication of resources to its mission.
How has Dare For More Ministries Inc's revenue changed over time?
Dare For More Ministries Inc has experienced significant revenue growth, increasing from $74,629 in 2014 to $1,107,987 in 2023, indicating substantial expansion of its operations and support base.
What is the organization's financial stability?
The organization shows strong financial stability, with assets of $693,553 and liabilities of $41,600 in 2023, indicating a healthy balance sheet and ability to cover its obligations.
Filing History
IRS 990 filing history for Dare For More Ministries Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Dare For More Ministries Inc's revenue has grown by 1187.2%, moving from $86K to $1.1M. Total assets increased by 873.9% over the same period, from $71K to $694K. Total functional expenses rose by 1352.3%, from $69K to $996K. In its most recent filing year (2023), Dare For More Ministries Inc reported a surplus of $112K, with revenue exceeding expenses. The organization holds $42K in liabilities against $694K in assets (debt-to-asset ratio: 6.0%), resulting in net assets of $652K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.1M | $996K | $694K | $42K | — | View 990 |
| 2022 | $738K | $417K | $551K | $11K | — | — |
| 2021 | $238K | $209K | $227K | $7K | — | View 990 |
| 2020 | $166K | $168K | $232K | $42K | — | View 990 |
| 2019 | $232K | $238K | $197K | $4K | — | View 990 |
| 2018 | $223K | $229K | $203K | $5K | — | View 990 |
| 2017 | $253K | $192K | $222K | $18K | — | View 990 |
| 2016 | $169K | $123K | $173K | $5K | — | View 990 |
| 2015 | $217K | $161K | $127K | $5K | — | View 990 |
| 2014 | $75K | $82K | $74K | $8K | — | View 990 |
| 2013 | $96K | $81K | $80K | $6K | — | View 990 |
| 2012 | $65K | $77K | $60K | $2K | — | View 990 |
| 2011 | $86K | $69K | $71K | $1K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.1M, expenses of $996K, and assets of $694K (revenue +50.2% year-over-year).
- 2022: Revenue of $738K, expenses of $417K, and assets of $551K (revenue +209.6% year-over-year).
- 2021: Revenue of $238K, expenses of $209K, and assets of $227K (revenue +43.5% year-over-year).
- 2020: Revenue of $166K, expenses of $168K, and assets of $232K (revenue -28.5% year-over-year).
- 2019: Revenue of $232K, expenses of $238K, and assets of $197K (revenue +4.3% year-over-year).
- 2018: Revenue of $223K, expenses of $229K, and assets of $203K (revenue -11.9% year-over-year).
- 2017: Revenue of $253K, expenses of $192K, and assets of $222K (revenue +49.5% year-over-year).
- 2016: Revenue of $169K, expenses of $123K, and assets of $173K (revenue -21.8% year-over-year).
- 2015: Revenue of $217K, expenses of $161K, and assets of $127K (revenue +190.2% year-over-year).
- 2014: Revenue of $75K, expenses of $82K, and assets of $74K (revenue -22.0% year-over-year).
- 2013: Revenue of $96K, expenses of $81K, and assets of $80K (revenue +46.5% year-over-year).
- 2012: Revenue of $65K, expenses of $77K, and assets of $60K (revenue -24.1% year-over-year).
- 2011: Revenue of $86K, expenses of $69K, and assets of $71K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Dare For More Ministries Inc:
Data Sources and Methodology
This transparency report for Dare For More 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.