Energize Ministries Inc
EIN: 270472317 · Winston Salem, NC · NTEE: X20
| Metric | Value |
|---|---|
| Total Revenue | $556K |
| Total Expenses | $334K |
| Net Assets | $797K |
Is Energize 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 Energize Ministries Inc
Energize Ministries Inc (EIN: 270472317) is a nonprofit organization based in Winston Salem, NC, classified under NTEE code X20. The organization reported total revenue of $556K and total assets of $1.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Energize Ministries Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Energize Ministries Inc is a small nonprofit that has been operating for 16 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 24.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $495K |
| Total Expenses | $334K |
| Surplus / Deficit | +$162K |
| Total Assets | $1.6M |
| Total Liabilities | $800K |
| Net Assets | $797K |
| Operating Margin | 32.6% |
| Debt-to-Asset Ratio | 50.1% |
| Months of Reserves | 57.4 months |
Financial Health Grade: A
In 2023, Energize Ministries Inc reported a surplus of $162K with revenue exceeding expenses, holds 57.4 months of operating reserves (strong position), has a debt-to-asset ratio of 50.1% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Energize Ministries Inc's revenue has grown at a compound annual growth rate (CAGR) of 24.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -15.4% | +21.0% | -2.4% |
| 2022 | +35.9% | +8.3% | +5.0% |
| 2021 | +144.2% | +15.8% | +929.1% |
| 2020 | -54.2% | -15.8% | -24.4% |
| 2019 | +69.3% | +25.3% | +176.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 2010 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Energize 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 Energize 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 surplus of $162K, with revenue exceeding expenses.
- Debt-to-asset ratio: 50.1%.
Frequently Asked Questions about Energize Ministries Inc
Is Energize Ministries Inc a legitimate charity?
Energize Ministries Inc (EIN: 270472317) is a registered tax-exempt nonprofit based in North Carolina. It has 13 years of IRS 990 filings on record. Total revenue: $556K. No red flags identified. Financial health grade: A.
How does Energize Ministries Inc spend its money?
Energize Ministries Inc reported $556K in total revenue in IRS 990 filings. 13 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Energize Ministries Inc tax-deductible?
Energize Ministries Inc is registered as a tax-exempt nonprofit (EIN: 270472317). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Energize Ministries Inc located?
Energize Ministries Inc is headquartered in Winston Salem, North Carolina and files with the IRS under EIN 270472317. It is classified under NTEE code X20.
How many years of IRS 990 filings does Energize Ministries Inc have?
Energize 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 $556K in total revenue.
Filing History
IRS 990 filing history for Energize Ministries Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Energize Ministries Inc's revenue has grown by 1290.3%, moving from $36K to $495K. Total assets increased by 193689.2% over the same period, from $824 to $1.6M. Total functional expenses rose by 745%, from $40K to $334K. In its most recent filing year (2023), Energize Ministries Inc reported a surplus of $162K, with revenue exceeding expenses. The organization holds $800K in liabilities against $1.6M in assets (debt-to-asset ratio: 50.1%), resulting in net assets of $797K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $495K | $334K | $1.6M | $800K | — | View 990 |
| 2022 | $586K | $276K | $1.6M | $1.0M | — | View 990 |
| 2021 | $431K | $255K | $1.6M | $1.2M | — | View 990 |
| 2020 | $177K | $220K | $151K | $2K | — | View 990 |
| 2019 | $385K | $261K | $200K | $8K | — | View 990 |
| 2018 | $228K | $208K | $72K | $4K | — | View 990 |
| 2017 | $224K | $189K | $53K | $4K | — | — |
| 2016 | $215K | $210K | $38K | $23K | — | View 990 |
| 2015 | $142K | $130K | $46K | $37K | — | View 990 |
| 2014 | $110K | $115K | $1K | $4K | — | View 990 |
| 2013 | $85K | $84K | $7K | $4K | — | View 990 |
| 2012 | $58K | $53K | $3K | $1K | — | View 990 |
| 2011 | $36K | $40K | $824 | $4K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $495K, expenses of $334K, and assets of $1.6M (revenue -15.4% year-over-year).
- 2022: Revenue of $586K, expenses of $276K, and assets of $1.6M (revenue +35.9% year-over-year).
- 2021: Revenue of $431K, expenses of $255K, and assets of $1.6M (revenue +144.2% year-over-year).
- 2020: Revenue of $177K, expenses of $220K, and assets of $151K (revenue -54.2% year-over-year).
- 2019: Revenue of $385K, expenses of $261K, and assets of $200K (revenue +69.3% year-over-year).
- 2018: Revenue of $228K, expenses of $208K, and assets of $72K (revenue +1.4% year-over-year).
- 2017: Revenue of $224K, expenses of $189K, and assets of $53K (revenue +4.6% year-over-year).
- 2016: Revenue of $215K, expenses of $210K, and assets of $38K (revenue +51.0% year-over-year).
- 2015: Revenue of $142K, expenses of $130K, and assets of $46K (revenue +29.7% year-over-year).
- 2014: Revenue of $110K, expenses of $115K, and assets of $1K (revenue +29.0% year-over-year).
- 2013: Revenue of $85K, expenses of $84K, and assets of $7K (revenue +46.4% year-over-year).
- 2012: Revenue of $58K, expenses of $53K, and assets of $3K (revenue +63.0% year-over-year).
- 2011: Revenue of $36K, expenses of $40K, and assets of $824.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Energize Ministries Inc:
Data Sources and Methodology
This transparency report for Energize 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.