H10 Ministries
EIN: 264634988 · Phoenix, AZ · NTEE: P50
| Metric | Value |
|---|---|
| Total Revenue | $403K |
| Total Expenses | $180K |
| Net Assets | $76K |
Is H10 Ministries Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About H10 Ministries
H10 Ministries (EIN: 264634988) is a nonprofit organization based in Phoenix, AZ, classified under NTEE code P50. The organization reported total revenue of $403K and total assets of $632K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of H10 Ministries's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
H10 Ministries is a small nonprofit that has been operating for 10 years, with 7 years of IRS 990 filings on record (2017–2023). Revenue has grown at a compound annual rate of 17.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $231K |
| Total Expenses | $180K |
| Surplus / Deficit | +$50K |
| Total Assets | $638K |
| Total Liabilities | $562K |
| Net Assets | $76K |
| Operating Margin | 21.8% |
| Debt-to-Asset Ratio | 88.1% |
| Months of Reserves | 42.5 months |
Financial Health Grade: A
In 2023, H10 Ministries reported a surplus of $50K with revenue exceeding expenses, holds 42.5 months of operating reserves (strong position), has a debt-to-asset ratio of 88.1% (high leverage).
Financial Trends
Over 7 years of filings (2017–2023), H10 Ministries's revenue has grown at a compound annual growth rate (CAGR) of 17.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +5.3% | -20.4% | +1268.1% |
| 2022 | +9.6% | +25.9% | +42.9% |
| 2021 | +52.6% | +43.9% | +152.5% |
| 2020 | +12.6% | -1.7% | +75.7% |
| 2019 | +46.5% | +116.3% | -61.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1270 |
| IRS Ruling Date | 2016 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for H10 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 H10 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 $50K, with revenue exceeding expenses.
- Debt-to-asset ratio: 88.1%.
Frequently Asked Questions about H10 Ministries
Is H10 Ministries a legitimate charity?
Based on AI analysis of IRS 990 filings, H10 Ministries (EIN: 264634988) insufficient data. 0 red flags identified, 0 strengths noted.
How does H10 Ministries spend its money?
Detailed spending breakdown data is not yet available for H10 Ministries. Check back for updated IRS 990 analysis.
Are donations to H10 Ministries tax-deductible?
H10 Ministries is registered as a tax-exempt nonprofit (EIN: 264634988). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is H10 Ministries located?
H10 Ministries is headquartered in Phoenix, Arizona and files with the IRS under EIN 264634988. It is classified under NTEE code P50.
How many years of IRS 990 filings does H10 Ministries have?
H10 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 $403K in total revenue.
Filing History
IRS 990 filing history for H10 Ministries showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2017–2023), H10 Ministries's revenue has grown by 157.1%, moving from $90K to $231K. Total assets increased by 18854.7% over the same period, from $3K to $638K. Total functional expenses rose by 80.4%, from $100K to $180K. In its most recent filing year (2023), H10 Ministries reported a surplus of $50K, with revenue exceeding expenses. The organization holds $562K in liabilities against $638K in assets (debt-to-asset ratio: 88.1%), resulting in net assets of $76K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $231K | $180K | $638K | $562K | — | View 990 |
| 2022 | $219K | $227K | $47K | $21K | — | View 990 |
| 2021 | $200K | $180K | $33K | $0 | — | View 990 |
| 2020 | $131K | $125K | $13K | $5 | — | View 990 |
| 2019 | $116K | $127K | $7K | $249 | — | View 990 |
| 2018 | $79K | $59K | $19K | $420 | — | View 990 |
| 2017 | $90K | $100K | $3K | $5K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $231K, expenses of $180K, and assets of $638K (revenue +5.3% year-over-year).
- 2022: Revenue of $219K, expenses of $227K, and assets of $47K (revenue +9.6% year-over-year).
- 2021: Revenue of $200K, expenses of $180K, and assets of $33K (revenue +52.6% year-over-year).
- 2020: Revenue of $131K, expenses of $125K, and assets of $13K (revenue +12.6% year-over-year).
- 2019: Revenue of $116K, expenses of $127K, and assets of $7K (revenue +46.5% year-over-year).
- 2018: Revenue of $79K, expenses of $59K, and assets of $19K (revenue -11.6% year-over-year).
- 2017: Revenue of $90K, expenses of $100K, and assets of $3K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for H10 Ministries:
Data Sources and Methodology
This transparency report for H10 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.