Faith Outreach Ministries Of The Grand Strand
EIN: 823645227 · Murrells Inlt, SC · NTEE: P20
| Metric | Value |
|---|---|
| Total Revenue | $37K |
| Total Expenses | $55K |
| Net Assets | $24K |
Is Faith Outreach Ministries Of The Grand Strand Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Faith Outreach Ministries Of The Grand Strand
Faith Outreach Ministries Of The Grand Strand (EIN: 823645227) is a nonprofit organization based in Murrells Inlt, SC, classified under NTEE code P20. The organization reported total revenue of $37K and total assets of $6K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Faith Outreach Ministries Of The Grand Strand's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Faith Outreach Ministries Of The Grand Strand is a micro nonprofit that has been operating for 8 years, with 2 years of IRS 990 filings on record (2021–2022). Revenue has grown at a compound annual rate of -54.7%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $32K |
| Total Expenses | $55K |
| Surplus / Deficit | $-23,442 |
| Total Assets | $24K |
| Net Assets | $24K |
| Operating Margin | -73.3% |
| Months of Reserves | 5.3 months |
Financial Health Grade: B
In 2022, Faith Outreach Ministries Of The Grand Strand reported a deficit of $23K with expenses exceeding revenue, holds 5.3 months of operating reserves (adequate).
Financial Trends
Over 2 years of filings (2021–2022), Faith Outreach Ministries Of The Grand Strand's revenue has declined at a compound annual growth rate (CAGR) of -54.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -54.7% | +22.2% | -49.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2018 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Faith Outreach Ministries Of The Grand Strand 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 Faith Outreach Ministries Of The Grand Strand 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 (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $23K, with expenses exceeding revenue.
Frequently Asked Questions about Faith Outreach Ministries Of The Grand Strand
Is Faith Outreach Ministries Of The Grand Strand a legitimate charity?
Based on AI analysis of IRS 990 filings, Faith Outreach Ministries Of The Grand Strand (EIN: 823645227) insufficient data. 0 red flags identified, 0 strengths noted.
How does Faith Outreach Ministries Of The Grand Strand spend its money?
Detailed spending breakdown data is not yet available for Faith Outreach Ministries Of The Grand Strand. Check back for updated IRS 990 analysis.
Are donations to Faith Outreach Ministries Of The Grand Strand tax-deductible?
Faith Outreach Ministries Of The Grand Strand is registered as a tax-exempt nonprofit (EIN: 823645227). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Faith Outreach Ministries Of The Grand Strand located?
Faith Outreach Ministries Of The Grand Strand is headquartered in Murrells Inlt, South Carolina and files with the IRS under EIN 823645227. It is classified under NTEE code P20.
How many years of IRS 990 filings does Faith Outreach Ministries Of The Grand Strand have?
Faith Outreach Ministries Of The Grand Strand has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $37K in total revenue.
Filing History
IRS 990 filing history for Faith Outreach Ministries Of The Grand Strand showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2021–2022), Faith Outreach Ministries Of The Grand Strand's revenue has declined by 54.7%, moving from $71K to $32K. Total assets decreased by 49% over the same period, from $48K to $24K. Total functional expenses rose by 22.2%, from $45K to $55K. In its most recent filing year (2022), Faith Outreach Ministries Of The Grand Strand reported a deficit of $23K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $32K | $55K | $24K | $0 | — | View 990 |
| 2021 | $71K | $45K | $48K | $0 | — | — |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Faith Outreach Ministries Of The Grand Strand:
Data Sources and Methodology
This transparency report for Faith Outreach Ministries Of The Grand Strand 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.