Glorias House Ministries Inc
EIN: 824607464 · Lerona, WV · NTEE: P73
| Metric | Value |
|---|---|
| Total Revenue | $35K |
| Total Expenses | $19K |
| Net Assets | $163K |
Is Glorias House 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 Glorias House Ministries Inc
Glorias House Ministries Inc (EIN: 824607464) is a nonprofit organization based in Lerona, WV, classified under NTEE code P73. The organization reported total revenue of $35K and total assets of $209K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Glorias House Ministries Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Glorias House Ministries Inc is a micro nonprofit that has been operating for 8 years, with 3 years of IRS 990 filings on record (2018–2020). Revenue has grown at a compound annual rate of 8.5%.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
| Total Revenue | $25K |
| Total Expenses | $19K |
| Surplus / Deficit | +$5K |
| Total Assets | $209K |
| Total Liabilities | $47K |
| Net Assets | $163K |
| Operating Margin | 21.9% |
| Debt-to-Asset Ratio | 22.4% |
| Months of Reserves | 129.0 months |
Financial Health Grade: A
In 2020, Glorias House Ministries Inc reported a surplus of $5K with revenue exceeding expenses, holds 129.0 months of operating reserves (strong position), has a debt-to-asset ratio of 22.4% (moderate leverage).
Financial Trends
Over 3 years of filings (2018–2020), Glorias House Ministries Inc's revenue has grown at a compound annual growth rate (CAGR) of 8.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2020 | -23.4% | +42.1% | +11.6% |
| 2019 | +53.5% | +133.5% | +8.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2018 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Glorias House 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 Glorias House 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 (2020)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $5K, with revenue exceeding expenses.
- Debt-to-asset ratio: 22.4%.
Frequently Asked Questions about Glorias House Ministries Inc
Is Glorias House Ministries Inc a legitimate charity?
Glorias House Ministries Inc (EIN: 824607464) is a registered tax-exempt nonprofit based in West Virginia. It has 3 years of IRS 990 filings on record. Total revenue: $35K. No red flags identified. Financial health grade: A.
How does Glorias House Ministries Inc spend its money?
Glorias House Ministries Inc reported $35K in total revenue in IRS 990 filings. 3 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Glorias House Ministries Inc tax-deductible?
Glorias House Ministries Inc is registered as a tax-exempt nonprofit (EIN: 824607464). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Glorias House Ministries Inc located?
Glorias House Ministries Inc is headquartered in Lerona, West Virginia and files with the IRS under EIN 824607464. It is classified under NTEE code P73.
How many years of IRS 990 filings does Glorias House Ministries Inc have?
Glorias House Ministries Inc has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $35K in total revenue.
Filing History
IRS 990 filing history for Glorias House Ministries Inc showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2018–2020), Glorias House Ministries Inc's revenue has grown by 17.7%, moving from $21K to $25K. Total assets increased by 21.4% over the same period, from $173K to $209K. Total functional expenses rose by 231.8%, from $6K to $19K. In its most recent filing year (2020), Glorias House Ministries Inc reported a surplus of $5K, with revenue exceeding expenses. The organization holds $47K in liabilities against $209K in assets (debt-to-asset ratio: 22.4%), resulting in net assets of $163K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2020 | $25K | $19K | $209K | $47K | — | — |
| 2019 | $33K | $14K | $188K | $31K | — | View 990 |
| 2018 | $21K | $6K | $173K | $34K | — | View 990 |
Year-by-Year Financial Summary
- 2020: Revenue of $25K, expenses of $19K, and assets of $209K (revenue -23.4% year-over-year).
- 2019: Revenue of $33K, expenses of $14K, and assets of $188K (revenue +53.5% year-over-year).
- 2018: Revenue of $21K, expenses of $6K, and assets of $173K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Glorias House Ministries Inc:
Data Sources and Methodology
This transparency report for Glorias House 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.