Firm Foundation Ministries Inc
EIN: 462541961 · Shawnee, KS · NTEE: X21
| Metric | Value |
|---|---|
| Total Revenue | $302K |
| Total Expenses | $182K |
| Net Assets | $382K |
Is Firm Foundation 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 Firm Foundation Ministries Inc
Firm Foundation Ministries Inc (EIN: 462541961) is a nonprofit organization based in Shawnee, KS, classified under NTEE code X21. The organization reported total revenue of $302K and total assets of $518K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Firm Foundation Ministries Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Firm Foundation Ministries Inc is a small nonprofit that has been operating for 9 years, with 8 years of IRS 990 filings on record (2016–2023). Revenue has grown at a compound annual rate of 27.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $223K |
| Total Expenses | $182K |
| Surplus / Deficit | +$40K |
| Total Assets | $557K |
| Total Liabilities | $175K |
| Net Assets | $382K |
| Operating Margin | 18.1% |
| Debt-to-Asset Ratio | 31.4% |
| Months of Reserves | 36.6 months |
Financial Health Grade: A
In 2023, Firm Foundation Ministries Inc reported a surplus of $40K with revenue exceeding expenses, holds 36.6 months of operating reserves (strong position), has a debt-to-asset ratio of 31.4% (moderate leverage).
Financial Trends
Over 8 years of filings (2016–2023), Firm Foundation Ministries Inc's revenue has grown at a compound annual growth rate (CAGR) of 27.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +11.0% | -23.6% | +8.6% |
| 2022 | -22.8% | +0.7% | +0.7% |
| 2021 | +82.2% | +43.8% | +7.0% |
| 2020 | -64.0% | +59.4% | -0.3% |
| 2019 | +215.6% | -12.6% | +179.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 2017 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Firm Foundation 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 Firm Foundation 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 $40K, with revenue exceeding expenses.
- Debt-to-asset ratio: 31.4%.
Frequently Asked Questions about Firm Foundation Ministries Inc
Is Firm Foundation Ministries Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Firm Foundation Ministries Inc (EIN: 462541961) insufficient data. 0 red flags identified, 0 strengths noted.
How does Firm Foundation Ministries Inc spend its money?
Detailed spending breakdown data is not yet available for Firm Foundation Ministries Inc. Check back for updated IRS 990 analysis.
Are donations to Firm Foundation Ministries Inc tax-deductible?
Firm Foundation Ministries Inc is registered as a tax-exempt nonprofit (EIN: 462541961). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Firm Foundation Ministries Inc located?
Firm Foundation Ministries Inc is headquartered in Shawnee, Kansas and files with the IRS under EIN 462541961. It is classified under NTEE code X21.
How many years of IRS 990 filings does Firm Foundation Ministries Inc have?
Firm Foundation Ministries Inc has 8 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 $302K in total revenue.
Filing History
IRS 990 filing history for Firm Foundation Ministries Inc showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2016–2023), Firm Foundation Ministries Inc's revenue has grown by 434.9%, moving from $42K to $223K. Total assets increased by 336.2% over the same period, from $128K to $557K. Total functional expenses rose by 496.3%, from $31K to $182K. In its most recent filing year (2023), Firm Foundation Ministries Inc reported a surplus of $40K, with revenue exceeding expenses. The organization holds $175K in liabilities against $557K in assets (debt-to-asset ratio: 31.4%), resulting in net assets of $382K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $223K | $182K | $557K | $175K | — | — |
| 2022 | $201K | $239K | $513K | $171K | — | View 990 |
| 2021 | $260K | $237K | $509K | $129K | — | View 990 |
| 2020 | $143K | $165K | $475K | $118K | — | — |
| 2019 | $396K | $103K | $477K | $98K | — | View 990 |
| 2018 | $126K | $118K | $170K | $84K | — | View 990 |
| 2017 | $54K | $57K | $123K | $44K | — | View 990 |
| 2016 | $42K | $31K | $128K | $45K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $223K, expenses of $182K, and assets of $557K (revenue +11.0% year-over-year).
- 2022: Revenue of $201K, expenses of $239K, and assets of $513K (revenue -22.8% year-over-year).
- 2021: Revenue of $260K, expenses of $237K, and assets of $509K (revenue +82.2% year-over-year).
- 2020: Revenue of $143K, expenses of $165K, and assets of $475K (revenue -64.0% year-over-year).
- 2019: Revenue of $396K, expenses of $103K, and assets of $477K (revenue +215.6% year-over-year).
- 2018: Revenue of $126K, expenses of $118K, and assets of $170K (revenue +132.7% year-over-year).
- 2017: Revenue of $54K, expenses of $57K, and assets of $123K (revenue +29.6% year-over-year).
- 2016: Revenue of $42K, expenses of $31K, and assets of $128K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Firm Foundation Ministries Inc:
Data Sources and Methodology
This transparency report for Firm Foundation 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.