Gap Lake Ministries Inc
EIN: 270349594 · Dothan, AL · NTEE: X21
| Metric | Value |
|---|---|
| Total Revenue | $38K |
| Total Expenses | $57K |
| Net Assets | $563K |
Is Gap Lake 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 Gap Lake Ministries Inc
Gap Lake Ministries Inc (EIN: 270349594) is a nonprofit organization based in Dothan, AL, classified under NTEE code X21. The organization reported total revenue of $38K and total assets of $559K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Gap Lake Ministries Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Gap Lake Ministries Inc is a micro nonprofit that has been operating for 17 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -1.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $48K |
| Total Expenses | $57K |
| Surplus / Deficit | $-9,252 |
| Total Assets | $563K |
| Net Assets | $563K |
| Operating Margin | -19.3% |
| Months of Reserves | 118.2 months |
Financial Health Grade: B
In 2023, Gap Lake Ministries Inc reported a deficit of $9K with expenses exceeding revenue, holds 118.2 months of operating reserves (strong position).
Financial Trends
Over 12 years of filings (2011–2023), Gap Lake Ministries Inc's revenue has declined at a compound annual growth rate (CAGR) of -1.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -45.8% | -43.2% | -1.6% |
| 2022 | -21.5% | +2.3% | -2.1% |
| 2021 | +19.0% | +11.9% | +2.5% |
| 2020 | -45.8% | +81.9% | -1.4% |
| 2019 | -4.2% | +59.7% | +26.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2009 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Gap Lake 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 Gap Lake 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 deficit of $9K, with expenses exceeding revenue.
Frequently Asked Questions about Gap Lake Ministries Inc
Is Gap Lake Ministries Inc a legitimate charity?
Gap Lake Ministries Inc (EIN: 270349594) is a registered tax-exempt nonprofit based in Alabama. It has 12 years of IRS 990 filings on record. Total revenue: $38K. No red flags identified. Financial health grade: B.
How does Gap Lake Ministries Inc spend its money?
Gap Lake Ministries Inc reported $38K 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 Gap Lake Ministries Inc tax-deductible?
Gap Lake Ministries Inc is registered as a tax-exempt nonprofit (EIN: 270349594). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Gap Lake Ministries Inc located?
Gap Lake Ministries Inc is headquartered in Dothan, Alabama and files with the IRS under EIN 270349594. It is classified under NTEE code X21.
How many years of IRS 990 filings does Gap Lake Ministries Inc have?
Gap Lake Ministries Inc 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 $38K in total revenue.
Filing History
IRS 990 filing history for Gap Lake Ministries Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Gap Lake Ministries Inc's revenue has declined by 18.5%, moving from $59K to $48K. Total assets increased by 115.2% over the same period, from $261K to $563K. Total functional expenses rose by 16.8%, from $49K to $57K. In its most recent filing year (2023), Gap Lake Ministries Inc reported a deficit of $9K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $48K | $57K | $563K | $0 | — | — |
| 2022 | $88K | $100K | $572K | $0 | — | View 990 |
| 2021 | $112K | $98K | $584K | $0 | — | — |
| 2020 | $94K | $88K | $570K | $0 | — | — |
| 2019 | $174K | $48K | $578K | $15K | — | View 990 |
| 2018 | $182K | $30K | $458K | $20K | — | View 990 |
| 2017 | $41K | $28K | $312K | $26K | — | — |
| 2015 | $21K | $17K | $273K | $0 | — | View 990 |
| 2014 | $100K | $94K | $269K | $0 | — | View 990 |
| 2013 | $11K | $13K | $265K | $0 | — | View 990 |
| 2012 | $17K | $9K | $269K | $0 | — | View 990 |
| 2011 | $59K | $49K | $261K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $48K, expenses of $57K, and assets of $563K (revenue -45.8% year-over-year).
- 2022: Revenue of $88K, expenses of $100K, and assets of $572K (revenue -21.5% year-over-year).
- 2021: Revenue of $112K, expenses of $98K, and assets of $584K (revenue +19.0% year-over-year).
- 2020: Revenue of $94K, expenses of $88K, and assets of $570K (revenue -45.8% year-over-year).
- 2019: Revenue of $174K, expenses of $48K, and assets of $578K (revenue -4.2% year-over-year).
- 2018: Revenue of $182K, expenses of $30K, and assets of $458K (revenue +339.2% year-over-year).
- 2017: Revenue of $41K, expenses of $28K, and assets of $312K (revenue +96.9% year-over-year).
- 2015: Revenue of $21K, expenses of $17K, and assets of $273K (revenue -79.0% year-over-year).
- 2014: Revenue of $100K, expenses of $94K, and assets of $269K (revenue +814.5% year-over-year).
- 2013: Revenue of $11K, expenses of $13K, and assets of $265K (revenue -36.0% year-over-year).
- 2012: Revenue of $17K, expenses of $9K, and assets of $269K (revenue -70.9% year-over-year).
- 2011: Revenue of $59K, expenses of $49K, and assets of $261K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Gap Lake Ministries Inc:
Data Sources and Methodology
This transparency report for Gap Lake 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.