Foundation House Ministries
EIN: 455083727 · Cleveland, TN · NTEE: P45
| Metric | Value |
|---|---|
| Total Revenue | $392K |
| Total Expenses | $277K |
| Net Assets | $-54,735 |
Is Foundation House Ministries Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Foundation House Ministries
Foundation House Ministries (EIN: 455083727) is a nonprofit organization based in Cleveland, TN, classified under NTEE code P45. The organization reported total revenue of $392K and total assets of $222K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Foundation House Ministries's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Foundation House Ministries is a small nonprofit that has been operating for 13 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 47.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $265K |
| Total Expenses | $277K |
| Surplus / Deficit | $-12,471 |
| Total Assets | $231K |
| Total Liabilities | $285K |
| Net Assets | $-54,735 |
| Operating Margin | -4.7% |
| Debt-to-Asset Ratio | 123.7% |
| Months of Reserves | 10.0 months |
Financial Health Grade: C
In 2023, Foundation House Ministries reported a deficit of $12K with expenses exceeding revenue, holds 10.0 months of operating reserves (strong position), has a debt-to-asset ratio of 123.7% (high leverage).
Financial Trends
Over 12 years of filings (2012–2023), Foundation House Ministries's revenue has grown at a compound annual growth rate (CAGR) of 47.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -3.8% | -12.3% | -2.7% |
| 2022 | +17.9% | +14.4% | -2.6% |
| 2021 | +14.5% | +31.0% | -8.4% |
| 2020 | +1.8% | +4.6% | -0.5% |
| 2019 | +11.3% | +33.8% | +793.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2013 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Foundation House Ministries 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 Foundation House Ministries 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 deficit of $12K, with expenses exceeding revenue.
- Debt-to-asset ratio: 123.7%.
Frequently Asked Questions about Foundation House Ministries
Is Foundation House Ministries a legitimate charity?
Foundation House Ministries (EIN: 455083727) is a registered tax-exempt nonprofit based in Tennessee. It has 12 years of IRS 990 filings on record. Total revenue: $392K. No red flags identified. Financial health grade: C.
How does Foundation House Ministries spend its money?
Foundation House Ministries reported $392K in total revenue in IRS 990 filings. 12 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Foundation House Ministries tax-deductible?
Foundation House Ministries is registered as a tax-exempt nonprofit (EIN: 455083727). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Foundation House Ministries located?
Foundation House Ministries is headquartered in Cleveland, Tennessee and files with the IRS under EIN 455083727. It is classified under NTEE code P45.
How many years of IRS 990 filings does Foundation House Ministries have?
Foundation House Ministries has 12 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 $392K in total revenue.
Filing History
IRS 990 filing history for Foundation House Ministries showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Foundation House Ministries's revenue has grown by 7090.1%, moving from $4K to $265K. Total assets increased by 16903.4% over the same period, from $1K to $231K. Total functional expenses rose by 11813.8%, from $2K to $277K. In its most recent filing year (2023), Foundation House Ministries reported a deficit of $12K, with expenses exceeding revenue. The organization holds $285K in liabilities against $231K in assets (debt-to-asset ratio: 123.7%), resulting in net assets of $-54,735.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $265K | $277K | $231K | $285K | — | — |
| 2022 | $275K | $316K | $237K | $279K | — | View 990 |
| 2021 | $234K | $277K | $243K | $271K | — | View 990 |
| 2020 | $204K | $211K | $266K | $250K | — | — |
| 2019 | $200K | $202K | $267K | $244K | — | View 990 |
| 2018 | $180K | $151K | $30K | $6K | — | View 990 |
| 2017 | $112K | $119K | $683 | $6K | — | View 990 |
| 2016 | $106K | $111K | $3K | $1K | — | View 990 |
| 2015 | $61K | $75K | $9K | $3K | — | View 990 |
| 2014 | $41K | $38K | $20K | $0 | — | View 990 |
| 2013 | $40K | $24K | $18K | $0 | — | View 990 |
| 2012 | $4K | $2K | $1K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $265K, expenses of $277K, and assets of $231K (revenue -3.8% year-over-year).
- 2022: Revenue of $275K, expenses of $316K, and assets of $237K (revenue +17.9% year-over-year).
- 2021: Revenue of $234K, expenses of $277K, and assets of $243K (revenue +14.5% year-over-year).
- 2020: Revenue of $204K, expenses of $211K, and assets of $266K (revenue +1.8% year-over-year).
- 2019: Revenue of $200K, expenses of $202K, and assets of $267K (revenue +11.3% year-over-year).
- 2018: Revenue of $180K, expenses of $151K, and assets of $30K (revenue +61.4% year-over-year).
- 2017: Revenue of $112K, expenses of $119K, and assets of $683 (revenue +5.0% year-over-year).
- 2016: Revenue of $106K, expenses of $111K, and assets of $3K (revenue +74.1% year-over-year).
- 2015: Revenue of $61K, expenses of $75K, and assets of $9K (revenue +49.3% year-over-year).
- 2014: Revenue of $41K, expenses of $38K, and assets of $20K (revenue +1.1% year-over-year).
- 2013: Revenue of $40K, expenses of $24K, and assets of $18K (revenue +997.6% year-over-year).
- 2012: Revenue of $4K, expenses of $2K, and assets of $1K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Foundation House Ministries:
Data Sources and Methodology
This transparency report for Foundation House Ministries 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.