Heaven Sent Ministries Incorporated
EIN: 550755905 · Princeton, WV · NTEE: X20
| Metric | Value |
|---|---|
| Total Revenue | $450K |
| Total Expenses | $680K |
| Net Assets | $700K |
Is Heaven Sent Ministries Incorporated Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Heaven Sent Ministries Incorporated
Heaven Sent Ministries Incorporated (EIN: 550755905) is a nonprofit organization based in Princeton, WV, classified under NTEE code X20. The organization reported total revenue of $450K and total assets of $678K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Heaven Sent Ministries Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Heaven Sent Ministries Incorporated is a small nonprofit that has been operating for 28 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of -1.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $591K |
| Total Expenses | $680K |
| Surplus / Deficit | $-88,898 |
| Total Assets | $720K |
| Total Liabilities | $20K |
| Net Assets | $700K |
| Operating Margin | -15.0% |
| Debt-to-Asset Ratio | 2.8% |
| Months of Reserves | 12.7 months |
Financial Health Grade: B
In 2023, Heaven Sent Ministries Incorporated reported a deficit of $89K with expenses exceeding revenue, holds 12.7 months of operating reserves (strong position), has a debt-to-asset ratio of 2.8% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Heaven Sent Ministries Incorporated's revenue has declined at a compound annual growth rate (CAGR) of -1.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -39.5% | -13.6% | -11.6% |
| 2022 | +111.8% | +64.7% | +29.7% |
| 2021 | -8.9% | -3.5% | -2.0% |
| 2020 | +18.4% | +0.6% | +3.2% |
| 2019 | -7.2% | -8.2% | -10.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 1998 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Heaven Sent Ministries Incorporated 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 Heaven Sent Ministries Incorporated 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 $89K, with expenses exceeding revenue.
- Debt-to-asset ratio: 2.8%.
Frequently Asked Questions about Heaven Sent Ministries Incorporated
Is Heaven Sent Ministries Incorporated a legitimate charity?
Heaven Sent Ministries Incorporated (EIN: 550755905) is a registered tax-exempt nonprofit based in West Virginia. It has 14 years of IRS 990 filings on record. Total revenue: $450K. No red flags identified. Financial health grade: B.
How does Heaven Sent Ministries Incorporated spend its money?
Heaven Sent Ministries Incorporated reported $450K in total revenue in IRS 990 filings. 14 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Heaven Sent Ministries Incorporated tax-deductible?
Heaven Sent Ministries Incorporated is registered as a tax-exempt nonprofit (EIN: 550755905). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Heaven Sent Ministries Incorporated located?
Heaven Sent Ministries Incorporated is headquartered in Princeton, West Virginia and files with the IRS under EIN 550755905. It is classified under NTEE code X20.
How many years of IRS 990 filings does Heaven Sent Ministries Incorporated have?
Heaven Sent Ministries Incorporated has 14 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 $450K in total revenue.
Filing History
IRS 990 filing history for Heaven Sent Ministries Incorporated showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Heaven Sent Ministries Incorporated's revenue has declined by 16%, moving from $704K to $591K. Total assets decreased by 9% over the same period, from $790K to $720K. Total functional expenses rose by 15%, from $591K to $680K. In its most recent filing year (2023), Heaven Sent Ministries Incorporated reported a deficit of $89K, with expenses exceeding revenue. The organization holds $20K in liabilities against $720K in assets (debt-to-asset ratio: 2.8%), resulting in net assets of $700K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $591K | $680K | $720K | $20K | — | — |
| 2022 | $977K | $787K | $814K | $25K | — | View 990 |
| 2021 | $461K | $478K | $627K | $29K | — | View 990 |
| 2020 | $506K | $495K | $640K | $25K | — | View 990 |
| 2019 | $428K | $492K | $620K | $16K | — | View 990 |
| 2018 | $461K | $536K | $695K | $26K | — | View 990 |
| 2017 | $522K | $506K | $848K | $104K | — | View 990 |
| 2016 | $513K | $533K | $778K | $49K | — | View 990 |
| 2015 | $600K | $579K | $801K | $52K | — | View 990 |
| 2014 | $574K | $595K | $742K | $13K | — | View 990 |
| 2013 | $529K | $568K | $756K | $6K | — | View 990 |
| 2012 | $592K | $540K | $796K | $8K | — | View 990 |
| 2011 | $550K | $575K | $747K | $11K | — | View 990 |
| 2010 | $704K | $591K | $790K | $30K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $591K, expenses of $680K, and assets of $720K (revenue -39.5% year-over-year).
- 2022: Revenue of $977K, expenses of $787K, and assets of $814K (revenue +111.8% year-over-year).
- 2021: Revenue of $461K, expenses of $478K, and assets of $627K (revenue -8.9% year-over-year).
- 2020: Revenue of $506K, expenses of $495K, and assets of $640K (revenue +18.4% year-over-year).
- 2019: Revenue of $428K, expenses of $492K, and assets of $620K (revenue -7.2% year-over-year).
- 2018: Revenue of $461K, expenses of $536K, and assets of $695K (revenue -11.7% year-over-year).
- 2017: Revenue of $522K, expenses of $506K, and assets of $848K (revenue +1.8% year-over-year).
- 2016: Revenue of $513K, expenses of $533K, and assets of $778K (revenue -14.6% year-over-year).
- 2015: Revenue of $600K, expenses of $579K, and assets of $801K (revenue +4.6% year-over-year).
- 2014: Revenue of $574K, expenses of $595K, and assets of $742K (revenue +8.4% year-over-year).
- 2013: Revenue of $529K, expenses of $568K, and assets of $756K (revenue -10.6% year-over-year).
- 2012: Revenue of $592K, expenses of $540K, and assets of $796K (revenue +7.7% year-over-year).
- 2011: Revenue of $550K, expenses of $575K, and assets of $747K (revenue -21.9% year-over-year).
- 2010: Revenue of $704K, expenses of $591K, and assets of $790K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Heaven Sent Ministries Incorporated:
Data Sources and Methodology
This transparency report for Heaven Sent Ministries Incorporated 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.