Golden Ministries Inc
Golden Ministries Inc. operates on a lean budget with minimal assets and no reported officer compensation.
EIN: 202095505 · Cullman, AL · NTEE: X21 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $170K |
| Total Expenses | $126K |
| Program Spending | 80% |
| Net Assets | $4K |
| Transparency Score | 70/100 |
Is Golden Ministries Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Golden Ministries Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Golden Ministries Inc
Golden Ministries Inc (EIN: 202095505) is a nonprofit organization based in Cullman, AL, classified under NTEE code X21. The organization reported total revenue of $170K and total assets of $2K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Golden Ministries Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Golden Ministries Inc is a small nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 5.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $130K |
| Total Expenses | $126K |
| Surplus / Deficit | +$4K |
| Total Assets | $4K |
| Net Assets | $4K |
| Operating Margin | 2.8% |
| Months of Reserves | 0.3 months |
Financial Health Grade: A
In 2023, Golden Ministries Inc reported a surplus of $4K with revenue exceeding expenses, holds 0.3 months of operating reserves (limited).
Financial Trends
Over 13 years of filings (2010–2023), Golden Ministries Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -11.7% | -0.9% | -93.0% |
| 2022 | +1.9% | +5.6% | +59.6% |
| 2021 | -22.4% | -32.2% | +250.4% |
| 2020 | +9.7% | +2.7% | +508.7% |
| 2019 | +37.4% | +40.6% | -71.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Golden Ministries Inc with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Golden Ministries Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $4K, with revenue exceeding expenses.
Executive Compensation Analysis
Golden Ministries Inc. consistently reports 0% officer compensation across all available filings, indicating that no officers receive salaries or other compensation, which is highly favorable for donor perception and suggests a volunteer-driven leadership model.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Golden Ministries Inc's IRS 990 filings:
- Consistently very low asset base (e.g., $3,673 in 2023, $1,754 currently) indicates minimal financial reserves and potential vulnerability.
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided data limits comprehensive spending efficiency analysis.
Strengths
The following positive indicators were identified for Golden Ministries Inc:
- Consistent reporting of 0% officer compensation across all filings, indicating a volunteer-driven leadership or highly efficient executive cost management.
- No reported liabilities in any filing, suggesting sound financial management regarding debt.
- Consistent filing of IRS 990s over 13 periods demonstrates good transparency and compliance.
Frequently Asked Questions about Golden Ministries Inc
Is Golden Ministries Inc a legitimate charity?
Golden Ministries Inc (EIN: 202095505) is a registered tax-exempt nonprofit based in Alabama. Our AI analysis gives it a Mission Score of 70/100. It has 13 years of IRS 990 filings on record. Total revenue: $170K. 2 red flags identified. 3 strengths noted. Financial health grade: A.
How does Golden Ministries Inc spend its money?
Golden Ministries Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Golden Ministries Inc tax-deductible?
Golden Ministries Inc is registered as a tax-exempt nonprofit (EIN: 202095505). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Golden Ministries Inc's spending goes to programs?
Golden Ministries Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Golden Ministries Inc compare to similar nonprofits?
With a transparency score of 70/100 (Good), Golden Ministries Inc is above average for NTEE category X21 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Golden Ministries Inc located?
Golden Ministries Inc is headquartered in Cullman, Alabama and files with the IRS under EIN 202095505. It is classified under NTEE code X21.
How many years of IRS 990 filings does Golden Ministries Inc have?
Golden Ministries Inc 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 $170K in total revenue.
Is Golden Ministries Inc. financially stable?
The organization's financial stability appears limited, as its assets are consistently very low (e.g., $3,673 in 2023, $1,754 currently), suggesting minimal reserves to cover unexpected costs or sustain operations during revenue fluctuations.
How does Golden Ministries Inc. allocate its expenses?
While specific breakdowns are not provided in the summary data, the close proximity of revenues and expenses in most years (e.g., 2023: $129,687 revenue vs. $126,014 expenses) suggests that most funds are expended annually. Without detailed expense categories, a precise allocation is difficult to determine, but the lack of officer compensation implies a focus on non-executive costs.
Does Golden Ministries Inc. pay its executives?
No, Golden Ministries Inc. consistently reports 0% officer compensation in all available IRS 990 filings, indicating that its officers do not receive salaries or other forms of compensation from the organization.
Filing History
IRS 990 filing history for Golden Ministries Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2010–2023), Golden Ministries Inc's revenue has grown by 92.8%, moving from $67K to $130K. Total assets decreased by 69.6% over the same period, from $12K to $4K. Total functional expenses rose by 99.9%, from $63K to $126K. In its most recent filing year (2023), Golden Ministries Inc reported a surplus of $4K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $130K | $126K | $4K | $0 | — | — |
| 2022 | $147K | $127K | $53K | $0 | — | View 990 |
| 2021 | $144K | $120K | $33K | $0 | — | View 990 |
| 2020 | $186K | $178K | $9K | $0 | — | — |
| 2019 | $169K | $173K | $2K | $0 | — | View 990 |
| 2018 | $123K | $123K | $5K | $0 | — | View 990 |
| 2017 | $141K | $143K | $5K | $0 | — | View 990 |
| 2015 | $152K | $151K | $8K | $0 | — | View 990 |
| 2014 | $106K | $105K | $6K | $0 | — | View 990 |
| 2013 | $67K | $72K | $5K | $0 | — | View 990 |
| 2012 | $102K | $100K | $11K | $0 | — | View 990 |
| 2011 | $51K | $54K | $9K | $0 | — | View 990 |
| 2010 | $67K | $63K | $12K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $130K, expenses of $126K, and assets of $4K (revenue -11.7% year-over-year).
- 2022: Revenue of $147K, expenses of $127K, and assets of $53K (revenue +1.9% year-over-year).
- 2021: Revenue of $144K, expenses of $120K, and assets of $33K (revenue -22.4% year-over-year).
- 2020: Revenue of $186K, expenses of $178K, and assets of $9K (revenue +9.7% year-over-year).
- 2019: Revenue of $169K, expenses of $173K, and assets of $2K (revenue +37.4% year-over-year).
- 2018: Revenue of $123K, expenses of $123K, and assets of $5K (revenue -12.7% year-over-year).
- 2017: Revenue of $141K, expenses of $143K, and assets of $5K (revenue -7.4% year-over-year).
- 2015: Revenue of $152K, expenses of $151K, and assets of $8K (revenue +43.5% year-over-year).
- 2014: Revenue of $106K, expenses of $105K, and assets of $6K (revenue +59.3% year-over-year).
- 2013: Revenue of $67K, expenses of $72K, and assets of $5K (revenue -34.4% year-over-year).
- 2012: Revenue of $102K, expenses of $100K, and assets of $11K (revenue +100.9% year-over-year).
- 2011: Revenue of $51K, expenses of $54K, and assets of $9K (revenue -24.8% year-over-year).
- 2010: Revenue of $67K, expenses of $63K, and assets of $12K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Golden Ministries Inc:
Data Sources and Methodology
This transparency report for Golden 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.