Gathering Ministries
EIN: 814676580 · Bingham Lake, MN · NTEE: X20
| Metric | Value |
|---|---|
| Total Revenue | $310K |
| Total Expenses | $215K |
| Net Assets | $814K |
Is Gathering Ministries Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Gathering Ministries
Gathering Ministries (EIN: 814676580) is a nonprofit organization based in Bingham Lake, MN, classified under NTEE code X20. The organization reported total revenue of $310K and total assets of $958K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Gathering Ministries's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Gathering Ministries is a small nonprofit that has been operating for 8 years, with 7 years of IRS 990 filings on record (2017–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $230K |
| Total Expenses | $215K |
| Surplus / Deficit | +$15K |
| Total Assets | $1.0M |
| Total Liabilities | $195K |
| Net Assets | $814K |
| Operating Margin | 6.6% |
| Debt-to-Asset Ratio | 19.3% |
| Months of Reserves | 56.3 months |
Financial Health Grade: A
In 2023, Gathering Ministries reported a surplus of $15K with revenue exceeding expenses, holds 56.3 months of operating reserves (strong position), has a debt-to-asset ratio of 19.3% (very low leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -13.1% | +0.1% | -6.7% |
| 2022 | -22.9% | -18.9% | -6.4% |
| 2021 | +30.1% | +14.0% | +1.0% |
| 2020 | -20.9% | +3.3% | -5.1% |
| 2019 | -17.4% | +170.7% | +21.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 2018 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Gathering 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 Gathering 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 surplus of $15K, with revenue exceeding expenses.
- Debt-to-asset ratio: 19.3%.
Frequently Asked Questions about Gathering Ministries
Is Gathering Ministries a legitimate charity?
Gathering Ministries (EIN: 814676580) is a registered tax-exempt nonprofit based in Minnesota. It has 7 years of IRS 990 filings on record. Total revenue: $310K. No red flags identified. Financial health grade: A.
How does Gathering Ministries spend its money?
Gathering Ministries reported $310K 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 Gathering Ministries tax-deductible?
Gathering Ministries is registered as a tax-exempt nonprofit (EIN: 814676580). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Gathering Ministries located?
Gathering Ministries is headquartered in Bingham Lake, Minnesota and files with the IRS under EIN 814676580. It is classified under NTEE code X20.
How many years of IRS 990 filings does Gathering Ministries have?
Gathering Ministries 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 $310K in total revenue.
Filing History
IRS 990 filing history for Gathering Ministries showing financial trends over 7 years of public records:
Total assets increased by 376.5% over the same period, from $212K to $1.0M. Total functional expenses rose by 242%, from $63K to $215K. In its most recent filing year (2023), Gathering Ministries reported a surplus of $15K, with revenue exceeding expenses. The organization holds $195K in liabilities against $1.0M in assets (debt-to-asset ratio: 19.3%), resulting in net assets of $814K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $230K | $215K | $1.0M | $195K | — | View 990 |
| 2022 | $265K | $215K | $1.1M | $279K | — | View 990 |
| 2021 | $343K | $265K | $1.2M | $404K | — | View 990 |
| 2020 | $264K | $232K | $1.1M | $471K | — | — |
| 2019 | $334K | $225K | $1.2M | $565K | — | View 990 |
| 2018 | $404K | $83K | $994K | $461K | — | View 990 |
| 2017 | $0 | $63K | $212K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $230K, expenses of $215K, and assets of $1.0M (revenue -13.1% year-over-year).
- 2022: Revenue of $265K, expenses of $215K, and assets of $1.1M (revenue -22.9% year-over-year).
- 2021: Revenue of $343K, expenses of $265K, and assets of $1.2M (revenue +30.1% year-over-year).
- 2020: Revenue of $264K, expenses of $232K, and assets of $1.1M (revenue -20.9% year-over-year).
- 2019: Revenue of $334K, expenses of $225K, and assets of $1.2M (revenue -17.4% year-over-year).
- 2018: Revenue of $404K, expenses of $83K, and assets of $994K.
- 2017: Revenue of $0, expenses of $63K, and assets of $212K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Gathering Ministries:
Data Sources and Methodology
This transparency report for Gathering 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.