Fountain Of Life Ministries Inc
EIN: 474824735 · Wichita, KS · NTEE: P40
| Metric | Value |
|---|---|
| Total Revenue | $39K |
| Total Expenses | $60K |
| Net Assets | $-2,790 |
Is Fountain Of Life 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 Fountain Of Life Ministries Inc
Fountain Of Life Ministries Inc (EIN: 474824735) is a nonprofit organization based in Wichita, KS, classified under NTEE code P40. The organization reported total revenue of $39K and total assets of $84K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Fountain Of Life Ministries Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Fountain Of Life Ministries Inc is a micro nonprofit that has been operating for 11 years, with 7 years of IRS 990 filings on record (2015–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $62K |
| Total Expenses | $60K |
| Surplus / Deficit | +$2K |
| Total Assets | $8K |
| Total Liabilities | $11K |
| Net Assets | $-2,790 |
| Operating Margin | 3.7% |
| Debt-to-Asset Ratio | 134.4% |
| Months of Reserves | 1.6 months |
Financial Health Grade: B
In 2023, Fountain Of Life Ministries Inc reported a surplus of $2K with revenue exceeding expenses, holds 1.6 months of operating reserves (limited), has a debt-to-asset ratio of 134.4% (high leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +767.5% | +768.2% | +50.1% |
| 2021 | -55.3% | -57.7% | -49.1% |
| 2020 | +1891.9% | +205.8% | +1061200.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2015 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Fountain Of Life 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 Fountain Of Life 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 $2K, with revenue exceeding expenses.
- Debt-to-asset ratio: 134.4%.
Frequently Asked Questions about Fountain Of Life Ministries Inc
Is Fountain Of Life Ministries Inc a legitimate charity?
Fountain Of Life Ministries Inc (EIN: 474824735) is a registered tax-exempt nonprofit based in Kansas. It has 7 years of IRS 990 filings on record. Total revenue: $39K. No red flags identified. Financial health grade: B.
How does Fountain Of Life Ministries Inc spend its money?
Fountain Of Life Ministries Inc reported $39K in total revenue in IRS 990 filings. 7 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Fountain Of Life Ministries Inc tax-deductible?
Fountain Of Life Ministries Inc is registered as a tax-exempt nonprofit (EIN: 474824735). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Fountain Of Life Ministries Inc located?
Fountain Of Life Ministries Inc is headquartered in Wichita, Kansas and files with the IRS under EIN 474824735. It is classified under NTEE code P40.
How many years of IRS 990 filings does Fountain Of Life Ministries Inc have?
Fountain Of Life Ministries Inc has 7 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 $39K in total revenue.
Filing History
IRS 990 filing history for Fountain Of Life Ministries Inc showing financial trends over 7 years of public records:
Total functional expenses rose by 2519.9%, from $2K to $60K. In its most recent filing year (2023), Fountain Of Life Ministries Inc reported a surplus of $2K, with revenue exceeding expenses. The organization holds $11K in liabilities against $8K in assets (debt-to-asset ratio: 134.4%), resulting in net assets of $-2,790.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $62K | $60K | $8K | $11K | — | View 990 |
| 2021 | $7K | $7K | $5K | $11K | — | View 990 |
| 2020 | $16K | $16K | $11K | $11K | — | — |
| 2019 | $800 | $5K | $1 | $0 | — | — |
| 2017 | $0 | $0 | $1 | $0 | — | — |
| 2016 | $0 | $0 | $1 | $0 | — | View 990 |
| 2015 | $0 | $2K | $0 | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $62K, expenses of $60K, and assets of $8K (revenue +767.5% year-over-year).
- 2021: Revenue of $7K, expenses of $7K, and assets of $5K (revenue -55.3% year-over-year).
- 2020: Revenue of $16K, expenses of $16K, and assets of $11K (revenue +1891.9% year-over-year).
- 2019: Revenue of $800, expenses of $5K, and assets of $1.
- 2017: Revenue of $0, expenses of $0, and assets of $1.
- 2016: Revenue of $0, expenses of $0, and assets of $1.
- 2015: Revenue of $0, expenses of $2K, and assets of $0.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Fountain Of Life Ministries Inc:
Data Sources and Methodology
This transparency report for Fountain Of Life 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.