Global Ministries Foundation
EIN: 562378045 · Cordova, TN · NTEE: X122
| Metric | Value |
|---|---|
| Total Revenue | $278.0M |
| Total Expenses | $12.9M |
| Net Assets | $2.9M |
Is Global Ministries Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Global Ministries Foundation
Global Ministries Foundation (EIN: 562378045) is a nonprofit organization based in Cordova, TN, classified under NTEE code X122. The organization reported total revenue of $278.0M and total assets of $5.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Global Ministries Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Global Ministries Foundation is a major nonprofit that has been operating for 23 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -11.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.1M |
| Total Expenses | $12.9M |
| Surplus / Deficit | $-11,737,265 |
| Total Assets | $5.2M |
| Total Liabilities | $2.3M |
| Net Assets | $2.9M |
| Operating Margin | -1036.4% |
| Debt-to-Asset Ratio | 43.8% |
| Months of Reserves | 4.9 months |
Financial Health Grade: B
In 2023, Global Ministries Foundation reported a deficit of $11.7M with expenses exceeding revenue, holds 4.9 months of operating reserves (adequate), has a debt-to-asset ratio of 43.8% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Global Ministries Foundation's revenue has declined at a compound annual growth rate (CAGR) of -11.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -75.5% | +27.2% | -66.8% |
| 2022 | -20.1% | +177.5% | -24.1% |
| 2021 | +18.5% | +8.3% | +19.6% |
| 2020 | +66.7% | +5.1% | -1.4% |
| 2019 | -73.4% | -3.3% | -2.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1700 |
| IRS Ruling Date | 2003 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Global Ministries Foundation 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 Global Ministries Foundation 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 $11.7M, with expenses exceeding revenue.
- Debt-to-asset ratio: 43.8%.
Frequently Asked Questions about Global Ministries Foundation
Is Global Ministries Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Global Ministries Foundation (EIN: 562378045) insufficient data. 0 red flags identified, 0 strengths noted.
How does Global Ministries Foundation spend its money?
Detailed spending breakdown data is not yet available for Global Ministries Foundation. Check back for updated IRS 990 analysis.
Are donations to Global Ministries Foundation tax-deductible?
Global Ministries Foundation is registered as a tax-exempt nonprofit (EIN: 562378045). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Global Ministries Foundation located?
Global Ministries Foundation is headquartered in Cordova, Tennessee and files with the IRS under EIN 562378045. It is classified under NTEE code X122.
How many years of IRS 990 filings does Global Ministries Foundation have?
Global Ministries Foundation has 13 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 $278.0M in total revenue.
Filing History
IRS 990 filing history for Global Ministries Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Global Ministries Foundation's revenue has declined by 75.8%, moving from $4.7M to $1.1M. Total assets increased by 45.4% over the same period, from $3.6M to $5.2M. Total functional expenses rose by 314.8%, from $3.1M to $12.9M. In its most recent filing year (2023), Global Ministries Foundation reported a deficit of $11.7M, with expenses exceeding revenue. The organization holds $2.3M in liabilities against $5.2M in assets (debt-to-asset ratio: 43.8%), resulting in net assets of $2.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.1M | $12.9M | $5.2M | $2.3M | — | — |
| 2022 | $4.6M | $10.1M | $15.8M | $1.1M | — | View 990 |
| 2021 | $5.8M | $3.6M | $20.8M | $455K | — | View 990 |
| 2020 | $4.9M | $3.4M | $17.4M | $390K | — | View 990 |
| 2019 | $2.9M | $3.2M | $17.6M | $534K | — | View 990 |
| 2018 | $11.0M | $3.3M | $18.1M | $759K | — | View 990 |
| 2017 | $8.4M | $3.0M | $10.8M | $1.1M | — | — |
| 2016 | $3.0M | $7.7M | $4.4M | $97K | — | View 990 |
| 2015 | $-657,373 | $4.2M | $13.3M | $4.3M | — | View 990 |
| 2014 | $8.8M | $3.3M | $12.5M | $4.1M | — | View 990 |
| 2013 | $6.1M | $3.1M | $7.7M | $1.8M | — | View 990 |
| 2012 | $6.3M | $2.7M | $6.9M | $2.1M | — | View 990 |
| 2011 | $4.7M | $3.1M | $3.6M | $2.4M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.1M, expenses of $12.9M, and assets of $5.2M (revenue -75.5% year-over-year).
- 2022: Revenue of $4.6M, expenses of $10.1M, and assets of $15.8M (revenue -20.1% year-over-year).
- 2021: Revenue of $5.8M, expenses of $3.6M, and assets of $20.8M (revenue +18.5% year-over-year).
- 2020: Revenue of $4.9M, expenses of $3.4M, and assets of $17.4M (revenue +66.7% year-over-year).
- 2019: Revenue of $2.9M, expenses of $3.2M, and assets of $17.6M (revenue -73.4% year-over-year).
- 2018: Revenue of $11.0M, expenses of $3.3M, and assets of $18.1M (revenue +31.9% year-over-year).
- 2017: Revenue of $8.4M, expenses of $3.0M, and assets of $10.8M (revenue +176.1% year-over-year).
- 2016: Revenue of $3.0M, expenses of $7.7M, and assets of $4.4M.
- 2015: Revenue of $-657,373, expenses of $4.2M, and assets of $13.3M (revenue -107.5% year-over-year).
- 2014: Revenue of $8.8M, expenses of $3.3M, and assets of $12.5M (revenue +43.1% year-over-year).
- 2013: Revenue of $6.1M, expenses of $3.1M, and assets of $7.7M (revenue -3.5% year-over-year).
- 2012: Revenue of $6.3M, expenses of $2.7M, and assets of $6.9M (revenue +35.4% year-over-year).
- 2011: Revenue of $4.7M, expenses of $3.1M, and assets of $3.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Global Ministries Foundation:
Data Sources and Methodology
This transparency report for Global Ministries Foundation 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.