Everlasting Way Ministries Inc
Everlasting Way Ministries Inc. faces significant financial decline with decreasing revenue and assets over recent years.
EIN: 201060707 · Sandpoint, ID · NTEE: X20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $8K |
| Total Expenses | $11K |
| Program Spending | 85% |
| Net Assets | $11K |
| Transparency Score | 65/100 |
Is Everlasting Way Ministries Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Everlasting Way Ministries Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Everlasting Way Ministries Inc
Everlasting Way Ministries Inc (EIN: 201060707) is a nonprofit organization based in Sandpoint, ID, classified under NTEE code X20. The organization reported total revenue of $8K and total assets of $5K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Everlasting Way Ministries Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Everlasting Way Ministries Inc is a micro nonprofit that has been operating for 14 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -2.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $14K |
| Total Expenses | $11K |
| Surplus / Deficit | +$3K |
| Total Assets | $11K |
| Net Assets | $11K |
| Operating Margin | 22.5% |
| Months of Reserves | 12.0 months |
Financial Health Grade: A
In 2023, Everlasting Way Ministries Inc reported a surplus of $3K with revenue exceeding expenses, holds 12.0 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Everlasting Way Ministries Inc's revenue has declined at a compound annual growth rate (CAGR) of -2.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +65.2% | +143.1% | +41.1% |
| 2022 | -17.9% | -78.5% | +109.6% |
| 2021 | -36.6% | -27.1% | -74.1% |
| 2020 | -59.8% | -45.6% | -46.4% |
| 2019 | +25.6% | +24.9% | -31.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2012 |
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 Everlasting Way Ministries Inc with a Mission Score of 65 out of 100 (Good). 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, Everlasting Way Ministries 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $3K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that the organization is likely run by volunteers. This practice helps to minimize administrative overhead and maximize the proportion of funds available for programmatic activities, especially for an organization of its size with declining revenue.
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 Everlasting Way Ministries Inc's IRS 990 filings:
- Significant decline in revenue from $78,577 in 2017 to $13,724 in 2023.
- Consistent decline in assets from $46,946 in 2017 to $10,607 in 2023.
- Expenses frequently exceeding revenue in recent years (e.g., 2021, 2020), indicating potential operational deficits.
Strengths
The following positive indicators were identified for Everlasting Way Ministries Inc:
- Consistent reporting of 0% officer compensation, indicating volunteer leadership and low administrative overhead.
- Zero reported liabilities across all available filings, demonstrating fiscal prudence.
- Consistent filing of IRS Form 990s, indicating adherence to basic transparency requirements.
Frequently Asked Questions about Everlasting Way Ministries Inc
Is Everlasting Way Ministries Inc a legitimate charity?
Everlasting Way Ministries Inc (EIN: 201060707) is a registered tax-exempt nonprofit based in Idaho. Our AI analysis gives it a Mission Score of 65/100. It has 13 years of IRS 990 filings on record. Total revenue: $8K. 3 red flags identified. 3 strengths noted. Financial health grade: A.
How does Everlasting Way Ministries Inc spend its money?
Everlasting Way Ministries Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Everlasting Way Ministries Inc tax-deductible?
Everlasting Way Ministries Inc is registered as a tax-exempt nonprofit (EIN: 201060707). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Everlasting Way Ministries Inc's spending goes to programs?
Everlasting Way Ministries Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Everlasting Way Ministries Inc compare to similar nonprofits?
With a transparency score of 65/100 (Good), Everlasting Way Ministries Inc is above average for NTEE category X20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Everlasting Way Ministries Inc located?
Everlasting Way Ministries Inc is headquartered in Sandpoint, Idaho and files with the IRS under EIN 201060707. It is classified under NTEE code X20.
How many years of IRS 990 filings does Everlasting Way Ministries Inc have?
Everlasting Way 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 $8K in total revenue.
Is Everlasting Way Ministries Inc. financially stable?
Based on the declining revenue and assets from $78,577 in revenue and $46,946 in assets in 2017 to $13,724 in revenue and $10,607 in assets in 2023, the organization shows signs of financial instability and a shrinking operational scale.
How does Everlasting Way Ministries Inc. manage its expenses relative to its income?
In several recent periods, such as 2021 ($20,364 expenses vs. $10,119 revenue) and 2020 ($27,950 expenses vs. $15,969 revenue), the organization's expenses have exceeded its revenue, suggesting it may be operating at a deficit or utilizing prior year reserves.
What is the trend in the organization's assets?
The organization's assets have shown a significant downward trend, decreasing from a high of $46,946 in 2017 to $10,607 in 2023, indicating a reduction in its financial reserves and capacity.
Filing History
IRS 990 filing history for Everlasting Way Ministries Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Everlasting Way Ministries Inc's revenue has declined by 26%, moving from $19K to $14K. Total assets increased by 603.4% over the same period, from $2K to $11K. Total functional expenses fell by 37.6%, from $17K to $11K. In its most recent filing year (2023), Everlasting Way Ministries Inc reported a surplus of $3K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $14K | $11K | $11K | $0 | — | — |
| 2022 | $8K | $4K | $8K | $0 | — | View 990 |
| 2021 | $10K | $20K | $4K | $0 | — | — |
| 2020 | $16K | $28K | $14K | $0 | — | View 990 |
| 2019 | $40K | $51K | $26K | $0 | — | View 990 |
| 2018 | $32K | $41K | $37K | $0 | — | View 990 |
| 2017 | $79K | $69K | $47K | $0 | — | View 990 |
| 2016 | $64K | $50K | $38K | $0 | — | View 990 |
| 2015 | $45K | $22K | $23K | $0 | — | View 990 |
| 2014 | $16K | $16K | $262 | $0 | — | View 990 |
| 2013 | $26K | $30K | $703 | $0 | — | View 990 |
| 2012 | $18K | $15K | $5K | $0 | — | View 990 |
| 2011 | $19K | $17K | $2K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $14K, expenses of $11K, and assets of $11K (revenue +65.2% year-over-year).
- 2022: Revenue of $8K, expenses of $4K, and assets of $8K (revenue -17.9% year-over-year).
- 2021: Revenue of $10K, expenses of $20K, and assets of $4K (revenue -36.6% year-over-year).
- 2020: Revenue of $16K, expenses of $28K, and assets of $14K (revenue -59.8% year-over-year).
- 2019: Revenue of $40K, expenses of $51K, and assets of $26K (revenue +25.6% year-over-year).
- 2018: Revenue of $32K, expenses of $41K, and assets of $37K (revenue -59.8% year-over-year).
- 2017: Revenue of $79K, expenses of $69K, and assets of $47K (revenue +22.7% year-over-year).
- 2016: Revenue of $64K, expenses of $50K, and assets of $38K (revenue +41.7% year-over-year).
- 2015: Revenue of $45K, expenses of $22K, and assets of $23K (revenue +186.4% year-over-year).
- 2014: Revenue of $16K, expenses of $16K, and assets of $262 (revenue -40.1% year-over-year).
- 2013: Revenue of $26K, expenses of $30K, and assets of $703 (revenue +44.8% year-over-year).
- 2012: Revenue of $18K, expenses of $15K, and assets of $5K (revenue -2.0% year-over-year).
- 2011: Revenue of $19K, expenses of $17K, and assets of $2K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Everlasting Way Ministries Inc:
Data Sources and Methodology
This transparency report for Everlasting Way 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.