Good Steward Ministries Inc
Good Steward Ministries Inc shows consistent financial growth and zero reported officer compensation over a decade.
EIN: 201446959 · Marshville, NC · NTEE: X20 · Updated: 2026-03-28
Is Good Steward Ministries Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Good Steward Ministries Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Good Steward Ministries Inc
Good Steward Ministries Inc (EIN: 201446959) is a nonprofit organization based in Marshville, NC, classified under NTEE code X20. The organization reported total revenue of $1.2M and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Good Steward Ministries Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Good Steward Ministries Inc is a mid-size nonprofit that has been operating for 21 years, with 10 years of IRS 990 filings on record (2014–2023). Revenue has grown at a compound annual rate of 41.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.1M |
| Total Expenses | $1.1M |
| Surplus / Deficit | +$13K |
| Total Assets | $844K |
| Total Liabilities | $171K |
| Net Assets | $673K |
| Operating Margin | 1.2% |
| Debt-to-Asset Ratio | 20.3% |
| Months of Reserves | 9.1 months |
Financial Health Grade: A
In 2023, Good Steward Ministries Inc reported a surplus of $13K with revenue exceeding expenses, holds 9.1 months of operating reserves (strong position), has a debt-to-asset ratio of 20.3% (moderate leverage).
Financial Trends
Over 10 years of filings (2014–2023), Good Steward Ministries Inc's revenue has grown at a compound annual growth rate (CAGR) of 41.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +17.9% | +33.2% | +18.6% |
| 2022 | +8.5% | +1.3% | +12.2% |
| 2021 | +49.4% | +97.1% | +5.2% |
| 2020 | +64.4% | +28.2% | +66.8% |
| 2019 | -8.5% | -2.0% | +9.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7100 |
| IRS Ruling Date | 2005 |
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 Good Steward Ministries Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Good Steward Ministries Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% 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 $13K, with revenue exceeding expenses.
- Debt-to-asset ratio: 20.3%.
Executive Compensation Analysis
Good Steward Ministries Inc consistently reports 0% officer compensation across all 10 available filings, indicating that its leadership either serves on a volunteer basis or is compensated through other means not classified as officer compensation, which is highly unusual for an organization of its size with over $1 million in annual revenue.
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 Good Steward Ministries Inc's IRS 990 filings:
- Lack of detailed functional expense breakdown (program, admin, fundraising) in provided data makes precise efficiency assessment difficult.
- Consistent 0% officer compensation for an organization with over $1 million in revenue is unusual and might warrant further inquiry into how leadership is supported or compensated, if at all.
Strengths
The following positive indicators were identified for Good Steward Ministries Inc:
- Consistent and significant revenue growth over a decade, from $50,536 in 2014 to $1,123,537 in 2023.
- Strong asset growth, from $11,369 in 2014 to $844,479 in 2023, indicating financial stability and resource accumulation.
- Low liabilities relative to assets, suggesting good financial health.
- Consistent reporting of 0% officer compensation, implying a high dedication of funds to mission-related activities.
- Operational efficiency, with expenses generally kept below or very close to revenue, resulting in surpluses.
Frequently Asked Questions about Good Steward Ministries Inc
Is Good Steward Ministries Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Good Steward Ministries Inc (EIN: 201446959) some concerns. Mission Score: 85/100. 2 red flags identified, 5 strengths noted.
How does Good Steward Ministries Inc spend its money?
Good Steward Ministries Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Good Steward Ministries Inc tax-deductible?
Good Steward Ministries Inc is registered as a tax-exempt nonprofit (EIN: 201446959). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Good Steward Ministries Inc a good charity?
Based on the provided financial data, Good Steward Ministries Inc appears to be a financially healthy and growing organization with a strong track record of increasing revenue and assets. The consistent reporting of 0% officer compensation is a notable positive, suggesting a high dedication of resources to its mission. However, without detailed functional expense breakdowns, it's difficult to definitively assess the exact proportion of spending on programs versus administrative or fundraising costs.
How has Good Steward Ministries Inc's revenue grown over time?
Good Steward Ministries Inc has experienced significant revenue growth, increasing from $50,536 in 2014 to $1,123,537 in 2023, representing over a 2,100% increase in annual revenue over a decade.
What is the organization's asset growth like?
The organization's assets have grown substantially, from $11,369 in 2014 to $844,479 in 2023, demonstrating effective financial management and accumulation of resources.
What is the significance of 0% officer compensation?
The consistent reporting of 0% officer compensation across all filings is highly significant. It suggests that the organization's top leadership is either entirely volunteer-based or compensated in a way not categorized as officer compensation on the 990, which can indicate a strong commitment to directing funds towards the mission rather than executive salaries.
Filing History
IRS 990 filing history for Good Steward Ministries Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2014–2023), Good Steward Ministries Inc's revenue has grown by 2123.2%, moving from $51K to $1.1M. Total assets increased by 7327.9% over the same period, from $11K to $844K. Total functional expenses rose by 1731.5%, from $61K to $1.1M. In its most recent filing year (2023), Good Steward Ministries Inc reported a surplus of $13K, with revenue exceeding expenses. The organization holds $171K in liabilities against $844K in assets (debt-to-asset ratio: 20.3%), resulting in net assets of $673K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.1M | $1.1M | $844K | $171K | — | View 990 |
| 2022 | $953K | $834K | $712K | $52K | — | View 990 |
| 2021 | $878K | $823K | $634K | $94K | — | View 990 |
| 2020 | $588K | $418K | $603K | $117K | — | View 990 |
| 2019 | $357K | $326K | $362K | $42K | — | View 990 |
| 2018 | $391K | $332K | $331K | $38K | — | View 990 |
| 2017 | $579K | $335K | $282K | $47K | — | View 990 |
| 2016 | $219K | $226K | $31K | $40K | — | View 990 |
| 2015 | $88K | $85K | $7K | $10K | — | View 990 |
| 2014 | $51K | $61K | $11K | $18K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.1M, expenses of $1.1M, and assets of $844K (revenue +17.9% year-over-year).
- 2022: Revenue of $953K, expenses of $834K, and assets of $712K (revenue +8.5% year-over-year).
- 2021: Revenue of $878K, expenses of $823K, and assets of $634K (revenue +49.4% year-over-year).
- 2020: Revenue of $588K, expenses of $418K, and assets of $603K (revenue +64.4% year-over-year).
- 2019: Revenue of $357K, expenses of $326K, and assets of $362K (revenue -8.5% year-over-year).
- 2018: Revenue of $391K, expenses of $332K, and assets of $331K (revenue -32.6% year-over-year).
- 2017: Revenue of $579K, expenses of $335K, and assets of $282K (revenue +164.2% year-over-year).
- 2016: Revenue of $219K, expenses of $226K, and assets of $31K (revenue +148.4% year-over-year).
- 2015: Revenue of $88K, expenses of $85K, and assets of $7K (revenue +74.7% year-over-year).
- 2014: Revenue of $51K, expenses of $61K, and assets of $11K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Good Steward Ministries Inc:
Data Sources and Methodology
This transparency report for Good Steward 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.