Faith Walk Community Of The Mid South
Faith Walk Community Of The Mid South consistently operates with zero officer compensation and no liabilities, maintaining stable financial health.
EIN: 201507587 · Bartlett, TN · NTEE: B99 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $132K |
| Total Expenses | $91K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $100,000. |
| Net Assets | $55K |
| Transparency Score | 90/100 |
Is Faith Walk Community Of The Mid South Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Faith Walk Community Of The Mid South directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Faith Walk Community Of The Mid South
Faith Walk Community Of The Mid South (EIN: 201507587) is a nonprofit organization based in Bartlett, TN, classified under NTEE code B99. The organization reported total revenue of $132K and total assets of $87K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Faith Walk Community Of The Mid South's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Faith Walk Community Of The Mid South is a small nonprofit that has been operating for 12 years, with 9 years of IRS 990 filings on record (2015–2023). Revenue has grown at a compound annual rate of 4.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $98K |
| Total Expenses | $91K |
| Surplus / Deficit | +$7K |
| Total Assets | $55K |
| Net Assets | $55K |
| Operating Margin | 6.9% |
| Months of Reserves | 7.2 months |
Financial Health Grade: A
In 2023, Faith Walk Community Of The Mid South reported a surplus of $7K with revenue exceeding expenses, holds 7.2 months of operating reserves (strong position).
Financial Trends
Over 9 years of filings (2015–2023), Faith Walk Community Of The Mid South's revenue has grown at a compound annual growth rate (CAGR) of 4.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -4.3% | +27.2% | +14.1% |
| 2022 | +2197.6% | +701.0% | +174.1% |
| 2021 | -84.5% | -57.0% | -20.3% |
| 2020 | -58.0% | -72.2% | +56.6% |
| 2019 | -8.6% | -6.0% | -30.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 2014 |
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 Faith Walk Community Of The Mid South 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: 90%
- fundraising: 0%
According to IRS 990 filings, Faith Walk Community Of The Mid South allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 $7K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is reported as 0% across all nine available filings, indicating that the organization's officers are not compensated, or their compensation is not reported in this category, which is highly favorable for a nonprofit of its size with revenues around $100,000.
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.
Strengths
The following positive indicators were identified for Faith Walk Community Of The Mid South:
- Consistent 0% officer compensation reported across all filings, maximizing funds for mission.
- Zero liabilities reported in all available filings, indicating strong financial management and no debt.
- Stable and growing asset base, reaching $54,976 in 2023.
- Consistent filing of IRS Form 990s, demonstrating transparency and compliance.
- Revenues consistently exceeding expenses in recent years (e.g., $97,801 revenue vs. $91,016 expenses in 2023).
Frequently Asked Questions about Faith Walk Community Of The Mid South
Is Faith Walk Community Of The Mid South a legitimate charity?
Faith Walk Community Of The Mid South (EIN: 201507587) is a registered tax-exempt nonprofit based in Tennessee. Our AI analysis gives it a Mission Score of 90/100. It has 9 years of IRS 990 filings on record. Total revenue: $132K. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Faith Walk Community Of The Mid South spend its money?
Faith Walk Community Of The Mid South directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Faith Walk Community Of The Mid South tax-deductible?
Faith Walk Community Of The Mid South is registered as a tax-exempt nonprofit (EIN: 201507587). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Faith Walk Community Of The Mid South CEO make?
Faith Walk Community Of The Mid South's highest-compensated officer earns $100,000. annually. The organization reported $132K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Faith Walk Community Of The Mid South compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Faith Walk Community Of The Mid South is above average for NTEE category B99 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Faith Walk Community Of The Mid South located?
Faith Walk Community Of The Mid South is headquartered in Bartlett, Tennessee and files with the IRS under EIN 201507587. It is classified under NTEE code B99.
How many years of IRS 990 filings does Faith Walk Community Of The Mid South have?
Faith Walk Community Of The Mid South has 9 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 $132K in total revenue.
Is Faith Walk Community Of The Mid South a good charity?
Based on the provided IRS 990 data, Faith Walk Community Of The Mid South appears to be a good charity. It consistently reports 0% officer compensation, has zero liabilities, and maintains stable revenues and growing assets, all of which are positive indicators of financial health and mission focus.
How does Faith Walk Community Of The Mid South manage its finances?
The organization manages its finances prudently, consistently operating without liabilities and showing a positive net asset growth. For example, in 2023, assets grew to $54,976 from $48,191 in 2022, while maintaining zero liabilities.
What is the trend in Faith Walk Community Of The Mid South's revenue?
After a dip in 2021 ($4,447), the organization's revenue has rebounded strongly, reaching $102,176 in 2022 and $97,801 in 2023, indicating a return to and stabilization of its funding base.
Filing History
IRS 990 filing history for Faith Walk Community Of The Mid South showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2015–2023), Faith Walk Community Of The Mid South's revenue has grown by 44.1%, moving from $68K to $98K. Total assets increased by 330.9% over the same period, from $13K to $55K. Total functional expenses rose by 39.6%, from $65K to $91K. In its most recent filing year (2023), Faith Walk Community Of The Mid South reported a surplus of $7K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $98K | $91K | $55K | $0 | — | View 990 |
| 2022 | $102K | $72K | $48K | $0 | — | View 990 |
| 2021 | $4K | $9K | $18K | $0 | — | View 990 |
| 2020 | $29K | $21K | $22K | $0 | — | View 990 |
| 2019 | $68K | $75K | $14K | $0 | — | View 990 |
| 2018 | $75K | $80K | $20K | $0 | — | View 990 |
| 2017 | $84K | $73K | $25K | $0 | — | View 990 |
| 2016 | $76K | $75K | $14K | $0 | — | View 990 |
| 2015 | $68K | $65K | $13K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $98K, expenses of $91K, and assets of $55K (revenue -4.3% year-over-year).
- 2022: Revenue of $102K, expenses of $72K, and assets of $48K (revenue +2197.6% year-over-year).
- 2021: Revenue of $4K, expenses of $9K, and assets of $18K (revenue -84.5% year-over-year).
- 2020: Revenue of $29K, expenses of $21K, and assets of $22K (revenue -58.0% year-over-year).
- 2019: Revenue of $68K, expenses of $75K, and assets of $14K (revenue -8.6% year-over-year).
- 2018: Revenue of $75K, expenses of $80K, and assets of $20K (revenue -11.0% year-over-year).
- 2017: Revenue of $84K, expenses of $73K, and assets of $25K (revenue +11.0% year-over-year).
- 2016: Revenue of $76K, expenses of $75K, and assets of $14K (revenue +11.7% year-over-year).
- 2015: Revenue of $68K, expenses of $65K, and assets of $13K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Faith Walk Community Of The Mid South:
Data Sources and Methodology
This transparency report for Faith Walk Community Of The Mid South 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.