David Bibey Ministries Inc
EIN: 561744298 · Carthage, NC · NTEE: X21Z
Is David Bibey Ministries Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About David Bibey Ministries Inc
David Bibey Ministries Inc (EIN: 561744298) is a nonprofit organization based in Carthage, NC, classified under NTEE code X21Z. The organization reported total revenue of $201K and total assets of $18K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of David Bibey Ministries Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
David Bibey Ministries Inc is a small nonprofit that has been operating for 34 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -1.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $213K |
| Total Expenses | $217K |
| Surplus / Deficit | $-3,545 |
| Total Assets | $22K |
| Total Liabilities | $2K |
| Net Assets | $20K |
| Operating Margin | -1.7% |
| Debt-to-Asset Ratio | 7.0% |
| Months of Reserves | 1.2 months |
Financial Health Grade: C
In 2023, David Bibey Ministries Inc reported a deficit of $4K with expenses exceeding revenue, holds 1.2 months of operating reserves (limited), has a debt-to-asset ratio of 7.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), David Bibey Ministries Inc's revenue has declined at a compound annual growth rate (CAGR) of -1.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.0% | +2.1% | -12.7% |
| 2022 | -12.7% | -7.4% | -17.6% |
| 2021 | -14.1% | -13.6% | +30.5% |
| 2020 | -9.4% | -11.3% | -1.7% |
| 2019 | +3.2% | +2.8% | +30.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 1992 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for David Bibey Ministries Inc 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 David Bibey Ministries Inc 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 $4K, with expenses exceeding revenue.
- Debt-to-asset ratio: 7.0%.
Frequently Asked Questions about David Bibey Ministries Inc
Is David Bibey Ministries Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, David Bibey Ministries Inc (EIN: 561744298) insufficient data. 0 red flags identified, 0 strengths noted.
How does David Bibey Ministries Inc spend its money?
Detailed spending breakdown data is not yet available for David Bibey Ministries Inc. Check back for updated IRS 990 analysis.
Are donations to David Bibey Ministries Inc tax-deductible?
David Bibey Ministries Inc is registered as a tax-exempt nonprofit (EIN: 561744298). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for David Bibey Ministries Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), David Bibey Ministries Inc's revenue has declined by 12.2%, moving from $243K to $213K. Total assets increased by 4.7% over the same period, from $21K to $22K. Total functional expenses fell by 12.5%, from $247K to $217K. In its most recent filing year (2023), David Bibey Ministries Inc reported a deficit of $4K, with expenses exceeding revenue. The organization holds $2K in liabilities against $22K in assets (debt-to-asset ratio: 7.0%), resulting in net assets of $20K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $213K | $217K | $22K | $2K | — | View 990 |
| 2022 | $207K | $212K | $25K | $1K | — | — |
| 2021 | $237K | $229K | $30K | $1K | — | — |
| 2020 | $276K | $265K | $23K | $2K | — | View 990 |
| 2019 | $304K | $299K | $24K | $13K | — | View 990 |
| 2018 | $295K | $291K | $18K | $13K | — | View 990 |
| 2017 | $305K | $310K | $22K | $21K | — | View 990 |
| 2016 | $336K | $393K | $33K | $26K | — | View 990 |
| 2015 | $342K | $300K | $67K | $2K | — | View 990 |
| 2014 | $248K | $247K | $24K | $2K | — | View 990 |
| 2013 | $252K | $243K | $23K | $2K | — | View 990 |
| 2012 | $255K | $243K | $24K | $12K | — | View 990 |
| 2011 | $243K | $247K | $21K | $21K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $213K, expenses of $217K, and assets of $22K (revenue +3.0% year-over-year).
- 2022: Revenue of $207K, expenses of $212K, and assets of $25K (revenue -12.7% year-over-year).
- 2021: Revenue of $237K, expenses of $229K, and assets of $30K (revenue -14.1% year-over-year).
- 2020: Revenue of $276K, expenses of $265K, and assets of $23K (revenue -9.4% year-over-year).
- 2019: Revenue of $304K, expenses of $299K, and assets of $24K (revenue +3.2% year-over-year).
- 2018: Revenue of $295K, expenses of $291K, and assets of $18K (revenue -3.2% year-over-year).
- 2017: Revenue of $305K, expenses of $310K, and assets of $22K (revenue -9.2% year-over-year).
- 2016: Revenue of $336K, expenses of $393K, and assets of $33K (revenue -2.0% year-over-year).
- 2015: Revenue of $342K, expenses of $300K, and assets of $67K (revenue +37.8% year-over-year).
- 2014: Revenue of $248K, expenses of $247K, and assets of $24K (revenue -1.4% year-over-year).
- 2013: Revenue of $252K, expenses of $243K, and assets of $23K (revenue -1.4% year-over-year).
- 2012: Revenue of $255K, expenses of $243K, and assets of $24K (revenue +5.2% year-over-year).
- 2011: Revenue of $243K, expenses of $247K, and assets of $21K.
Data Sources and Methodology
This transparency report for David Bibey 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.