Elpis Ministries Inc
EIN: 50613083 · Des Moines, IA
| Metric | Value |
|---|---|
| Total Expenses | $214K |
| Net Assets | $51K |
Is Elpis 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 Elpis Ministries Inc
Elpis Ministries Inc (EIN: 50613083) is a nonprofit organization based in Des Moines, IA. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Elpis Ministries Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Elpis Ministries Inc is a small nonprofit, with 5 years of IRS 990 filings on record (2010–2014). Revenue has grown at a compound annual rate of -3.9%.
Key Financial Metrics (2014)
From the most recent IRS 990 filing on record:
| Total Revenue | $211K |
| Total Expenses | $214K |
| Surplus / Deficit | $-3,487 |
| Total Assets | $376K |
| Total Liabilities | $324K |
| Net Assets | $51K |
| Operating Margin | -1.7% |
| Debt-to-Asset Ratio | 86.3% |
| Months of Reserves | 21.1 months |
Financial Health Grade: C
In 2014, Elpis Ministries Inc reported a deficit of $3K with expenses exceeding revenue, holds 21.1 months of operating reserves (strong position), has a debt-to-asset ratio of 86.3% (high leverage).
Financial Trends
Over 5 years of filings (2010–2014), Elpis Ministries Inc's revenue has declined at a compound annual growth rate (CAGR) of -3.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2014 | -55.8% | -52.6% | +445.7% |
| 2013 | +198.2% | +244.9% | +128.7% |
| 2012 | +110.7% | +61.1% | +2361.2% |
| 2011 | -69.2% | -66.6% | -81.0% |
AI Analysis Pending
AI enrichment for Elpis 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 Elpis 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 (2014)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $3K, with expenses exceeding revenue.
- Debt-to-asset ratio: 86.3%.
Frequently Asked Questions about Elpis Ministries Inc
Is Elpis Ministries Inc a legitimate charity?
Elpis Ministries Inc (EIN: 50613083) is a registered tax-exempt nonprofit based in Iowa. It has 5 years of IRS 990 filings on record. No red flags identified. Financial health grade: C.
How does Elpis Ministries Inc spend its money?
Elpis Ministries Inc reported its financials in IRS 990 filings. 5 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Elpis Ministries Inc tax-deductible?
Elpis Ministries Inc is registered as a tax-exempt nonprofit (EIN: 50613083). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Elpis Ministries Inc located?
Elpis Ministries Inc is headquartered in Des Moines, Iowa and files with the IRS under EIN 50613083.
How many years of IRS 990 filings does Elpis Ministries Inc have?
Elpis Ministries Inc has 5 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
Filing History
IRS 990 filing history for Elpis Ministries Inc showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2010–2014), Elpis Ministries Inc's revenue has declined by 14.5%, moving from $246K to $211K. Total assets increased by 5732.9% over the same period, from $6K to $376K. Total functional expenses fell by 11.9%, from $243K to $214K. In its most recent filing year (2014), Elpis Ministries Inc reported a deficit of $3K, with expenses exceeding revenue. The organization holds $324K in liabilities against $376K in assets (debt-to-asset ratio: 86.3%), resulting in net assets of $51K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2014 | $211K | $214K | $376K | $324K | — | View 990 |
| 2013 | $477K | $452K | $69K | $14K | — | View 990 |
| 2012 | $160K | $131K | $30K | $0 | — | View 990 |
| 2011 | $76K | $81K | $1K | $0 | — | View 990 |
| 2010 | $246K | $243K | $6K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2014: Revenue of $211K, expenses of $214K, and assets of $376K (revenue -55.8% year-over-year).
- 2013: Revenue of $477K, expenses of $452K, and assets of $69K (revenue +198.2% year-over-year).
- 2012: Revenue of $160K, expenses of $131K, and assets of $30K (revenue +110.7% year-over-year).
- 2011: Revenue of $76K, expenses of $81K, and assets of $1K (revenue -69.2% year-over-year).
- 2010: Revenue of $246K, expenses of $243K, and assets of $6K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Elpis Ministries Inc:
Data Sources and Methodology
This transparency report for Elpis 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.