Doxology Inc
Doxology Inc. maintains stable finances with no reported officer compensation, experiencing a minor deficit in the latest year after a strong surplus.
EIN: 205095486 · Brookfield, WI · NTEE: V23 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $368K |
| Total Expenses | $607K |
| Program Spending | 80% |
| Net Assets | $1.2M |
| Transparency Score | 85/100 |
Is Doxology Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Doxology Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Doxology Inc
Doxology Inc (EIN: 205095486) is a nonprofit organization based in Brookfield, WI, classified under NTEE code V23. The organization reported total revenue of $368K and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Doxology Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Doxology Inc is a small nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $588K |
| Total Expenses | $607K |
| Surplus / Deficit | $-19,247 |
| Total Assets | $1.3M |
| Total Liabilities | $83K |
| Net Assets | $1.2M |
| Operating Margin | -3.3% |
| Debt-to-Asset Ratio | 6.6% |
| Months of Reserves | 24.9 months |
Financial Health Grade: B
In 2023, Doxology Inc reported a deficit of $19K with expenses exceeding revenue, holds 24.9 months of operating reserves (strong position), has a debt-to-asset ratio of 6.6% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Doxology Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -45.0% | -15.5% | -1.2% |
| 2022 | +37.4% | +10.7% | +37.0% |
| 2021 | +39.9% | +64.3% | +10.5% |
| 2020 | +23.4% | -7.2% | +32.1% |
| 2019 | -14.1% | -0.5% | +5.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2700 |
| IRS Ruling Date | 2006 |
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 Doxology 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Doxology Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 deficit of $19K, with expenses exceeding revenue.
- Debt-to-asset ratio: 6.6%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that officers either serve on a volunteer basis or their compensation falls below IRS reporting thresholds, which is a positive sign for donor confidence relative to the organization's size.
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 Doxology Inc's IRS 990 filings:
- Expenses slightly exceeded revenue in the most recent filing (202312), resulting in a minor operating deficit for that period.
Strengths
The following positive indicators were identified for Doxology Inc:
- Consistent reporting of 0% officer compensation across all filings, indicating efficient use of funds.
- Healthy asset-to-liability ratio, with assets consistently much higher than liabilities.
- General growth in revenue and assets over the past decade, demonstrating increasing capacity.
- Strong surplus in 202212 ($1,070,007 revenue vs. $718,651 expenses) provides financial resilience.
Frequently Asked Questions about Doxology Inc
Is Doxology Inc a legitimate charity?
Doxology Inc (EIN: 205095486) is a registered tax-exempt nonprofit based in Wisconsin. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $368K. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does Doxology Inc spend its money?
Doxology Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Doxology Inc tax-deductible?
Doxology Inc is registered as a tax-exempt nonprofit (EIN: 205095486). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Doxology Inc's spending goes to programs?
Doxology Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Doxology Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Doxology Inc is above average for NTEE category V23 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Doxology Inc located?
Doxology Inc is headquartered in Brookfield, Wisconsin and files with the IRS under EIN 205095486. It is classified under NTEE code V23.
How many years of IRS 990 filings does Doxology Inc have?
Doxology 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 $368K in total revenue.
Is Doxology Inc. a good charity?
Based on the available financial data, Doxology Inc. appears to be a well-managed charity. It consistently maintains a healthy asset-to-liability ratio, and the reported 0% officer compensation across all filings is a strong indicator of efficient use of funds and a commitment to its mission.
How has Doxology Inc.'s revenue trended over time?
Doxology Inc.'s revenue has shown a general upward trend over the past decade, from $381,661 in 2014 to $588,085 in 2023, with a peak of $1,070,007 in 2022. This indicates a growing capacity to attract funding.
What is the organization's financial stability?
The organization demonstrates good financial stability. Its assets have consistently grown, reaching $1,260,360 in 2023, significantly exceeding liabilities of $82,581. This strong asset base provides a buffer against financial fluctuations.
Filing History
IRS 990 filing history for Doxology Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Doxology Inc's revenue has grown by 27.5%, moving from $461K to $588K. Total assets increased by 161.1% over the same period, from $483K to $1.3M. Total functional expenses rose by 183.9%, from $214K to $607K. In its most recent filing year (2023), Doxology Inc reported a deficit of $19K, with expenses exceeding revenue. The organization holds $83K in liabilities against $1.3M in assets (debt-to-asset ratio: 6.6%), resulting in net assets of $1.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $588K | $607K | $1.3M | $83K | — | — |
| 2022 | $1.1M | $719K | $1.3M | $79K | — | View 990 |
| 2021 | $779K | $649K | $932K | $86K | — | View 990 |
| 2020 | $556K | $395K | $843K | $126K | — | View 990 |
| 2019 | $451K | $426K | $638K | $82K | — | View 990 |
| 2018 | $525K | $428K | $605K | $74K | — | View 990 |
| 2017 | $487K | $487K | $493K | $59K | — | View 990 |
| 2016 | $489K | $485K | $492K | $57K | — | View 990 |
| 2015 | $535K | $439K | $493K | $62K | — | View 990 |
| 2014 | $382K | $402K | $375K | $41K | — | View 990 |
| 2013 | $367K | $414K | $367K | $0 | — | View 990 |
| 2012 | $384K | $349K | $414K | $0 | — | View 990 |
| 2011 | $461K | $214K | $483K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $588K, expenses of $607K, and assets of $1.3M (revenue -45.0% year-over-year).
- 2022: Revenue of $1.1M, expenses of $719K, and assets of $1.3M (revenue +37.4% year-over-year).
- 2021: Revenue of $779K, expenses of $649K, and assets of $932K (revenue +39.9% year-over-year).
- 2020: Revenue of $556K, expenses of $395K, and assets of $843K (revenue +23.4% year-over-year).
- 2019: Revenue of $451K, expenses of $426K, and assets of $638K (revenue -14.1% year-over-year).
- 2018: Revenue of $525K, expenses of $428K, and assets of $605K (revenue +7.8% year-over-year).
- 2017: Revenue of $487K, expenses of $487K, and assets of $493K (revenue -0.4% year-over-year).
- 2016: Revenue of $489K, expenses of $485K, and assets of $492K (revenue -8.7% year-over-year).
- 2015: Revenue of $535K, expenses of $439K, and assets of $493K (revenue +40.3% year-over-year).
- 2014: Revenue of $382K, expenses of $402K, and assets of $375K (revenue +4.0% year-over-year).
- 2013: Revenue of $367K, expenses of $414K, and assets of $367K (revenue -4.3% year-over-year).
- 2012: Revenue of $384K, expenses of $349K, and assets of $414K (revenue -16.8% year-over-year).
- 2011: Revenue of $461K, expenses of $214K, and assets of $483K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Doxology Inc:
Data Sources and Methodology
This transparency report for Doxology 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.