Drawing Near To God Inc
Drawing Near To God Inc maintains stable finances with zero reported officer compensation and growing assets.
EIN: 134210412 · Mt Pleasant, SC · NTEE: X21 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $267K |
| Total Expenses | $169K |
| Program Spending | 85% |
| Net Assets | $127K |
| Transparency Score | 90/100 |
Is Drawing Near To God Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Drawing Near To God Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Drawing Near To God Inc
Drawing Near To God Inc (EIN: 134210412) is a nonprofit organization based in Mt Pleasant, SC, classified under NTEE code X21. The organization reported total revenue of $267K and total assets of $199K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Drawing Near To God Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Drawing Near To God Inc is a small nonprofit that has been operating for 23 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 3.6%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $140K |
| Total Expenses | $169K |
| Surplus / Deficit | $-29,190 |
| Total Assets | $127K |
| Net Assets | $127K |
| Operating Margin | -20.9% |
| Months of Reserves | 9.0 months |
Financial Health Grade: B
In 2024, Drawing Near To God Inc reported a deficit of $29K with expenses exceeding revenue, holds 9.0 months of operating reserves (strong position).
Financial Trends
Over 14 years of filings (2011–2024), Drawing Near To God Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -36.8% | -0.3% | -18.7% |
| 2023 | +11.8% | +3.0% | +49.4% |
| 2022 | +6.6% | +18.8% | +31.8% |
| 2021 | +26.4% | -34.0% | +147.1% |
| 2020 | -31.3% | +9.5% | -57.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2003 |
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 Drawing Near To God Inc with a Mission Score of 90 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Drawing Near To God Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $29K, with expenses exceeding revenue.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization of its size and suggests either a fully volunteer-led executive team or compensation structured in a way that is not reported as officer compensation on the 990, indicating a strong commitment to directing funds towards its mission.
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 Drawing Near To God Inc's IRS 990 filings:
- Occasional years with expenses exceeding revenue, such as in 2024 ($168,905 expenses vs. $139,715 revenue), which could lead to drawing down reserves if not balanced by future surpluses.
Strengths
The following positive indicators were identified for Drawing Near To God Inc:
- Consistent 0% officer compensation reported across all filings, indicating a strong commitment to mission and efficient use of funds.
- Growing asset base, increasing from $32,159 in 2020 to $127,301 in 2024, demonstrating financial health and stability.
- Minimal to zero reported liabilities in most recent filings, indicating a low debt burden and strong financial management.
- Long filing history (14 filings), suggesting sustained operations and consistent compliance.
Frequently Asked Questions about Drawing Near To God Inc
Is Drawing Near To God Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Drawing Near To God Inc (EIN: 134210412) some concerns. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
How does Drawing Near To God Inc spend its money?
Drawing Near To God Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Drawing Near To God Inc tax-deductible?
Drawing Near To God Inc is registered as a tax-exempt nonprofit (EIN: 134210412). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Drawing Near To God Inc's spending goes to programs?
Drawing Near To God Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Drawing Near To God Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Drawing Near To God Inc is above average for NTEE category X21 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Drawing Near To God Inc located?
Drawing Near To God Inc is headquartered in Mt Pleasant, South Carolina and files with the IRS under EIN 134210412. It is classified under NTEE code X21.
How many years of IRS 990 filings does Drawing Near To God Inc have?
Drawing Near To God Inc has 14 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 $267K in total revenue.
Is Drawing Near To God Inc a good charity?
Based on the available financial data, Drawing Near To God Inc appears to be a well-managed charity. It consistently reports 0% officer compensation, has growing assets (from $32,159 in 2020 to $127,301 in 2024), and generally keeps liabilities at zero, indicating strong financial health and a focus on its mission.
How does Drawing Near To God Inc manage its expenses relative to revenue?
The organization generally manages its expenses in line with its revenue. While there are occasional years where expenses slightly exceed revenue (e.g., 2024 with $168,905 expenses vs. $139,715 revenue), these are often balanced by years with surpluses (e.g., 2023 with $221,123 revenue vs. $169,402 expenses), demonstrating a sustainable financial approach.
What is the trend in Drawing Near To God Inc's assets?
Drawing Near To God Inc has shown a positive trend in asset growth over the past five years, increasing from $32,159 in 2020 to $127,301 in 2024, indicating a healthy accumulation of resources and financial stability.
Filing History
IRS 990 filing history for Drawing Near To God Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Drawing Near To God Inc's revenue has grown by 59.1%, moving from $88K to $140K. Total assets increased by 146.6% over the same period, from $52K to $127K. Total functional expenses rose by 98.9%, from $85K to $169K. In its most recent filing year (2024), Drawing Near To God Inc reported a deficit of $29K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $140K | $169K | $127K | $0 | — | — |
| 2023 | $221K | $169K | $156K | $0 | — | View 990 |
| 2022 | $198K | $164K | $105K | $0 | — | View 990 |
| 2021 | $186K | $138K | $79K | $20K | — | View 990 |
| 2020 | $147K | $209K | $32K | $20K | — | View 990 |
| 2019 | $214K | $191K | $75K | $0 | — | View 990 |
| 2018 | $206K | $199K | $53K | $0 | — | View 990 |
| 2017 | $138K | $158K | $45K | $0 | — | View 990 |
| 2016 | $198K | $184K | $62K | $0 | — | View 990 |
| 2015 | $167K | $161K | $59K | $6K | — | View 990 |
| 2014 | $145K | $141K | $53K | $6K | — | View 990 |
| 2013 | $183K | $181K | $46K | $3K | — | View 990 |
| 2012 | $133K | $143K | $42K | $0 | — | View 990 |
| 2011 | $88K | $85K | $52K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $140K, expenses of $169K, and assets of $127K (revenue -36.8% year-over-year).
- 2023: Revenue of $221K, expenses of $169K, and assets of $156K (revenue +11.8% year-over-year).
- 2022: Revenue of $198K, expenses of $164K, and assets of $105K (revenue +6.6% year-over-year).
- 2021: Revenue of $186K, expenses of $138K, and assets of $79K (revenue +26.4% year-over-year).
- 2020: Revenue of $147K, expenses of $209K, and assets of $32K (revenue -31.3% year-over-year).
- 2019: Revenue of $214K, expenses of $191K, and assets of $75K (revenue +3.6% year-over-year).
- 2018: Revenue of $206K, expenses of $199K, and assets of $53K (revenue +49.9% year-over-year).
- 2017: Revenue of $138K, expenses of $158K, and assets of $45K (revenue -30.6% year-over-year).
- 2016: Revenue of $198K, expenses of $184K, and assets of $62K (revenue +18.8% year-over-year).
- 2015: Revenue of $167K, expenses of $161K, and assets of $59K (revenue +15.4% year-over-year).
- 2014: Revenue of $145K, expenses of $141K, and assets of $53K (revenue -20.8% year-over-year).
- 2013: Revenue of $183K, expenses of $181K, and assets of $46K (revenue +37.4% year-over-year).
- 2012: Revenue of $133K, expenses of $143K, and assets of $42K (revenue +51.5% year-over-year).
- 2011: Revenue of $88K, expenses of $85K, and assets of $52K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Drawing Near To God Inc:
Data Sources and Methodology
This transparency report for Drawing Near To God 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.