Higher Power Automotive Ministries Inc
EIN: 813243497 · Fargo, ND · NTEE: P50
| Metric | Value |
|---|---|
| Total Revenue | $1.1M |
| Total Expenses | $581K |
| Net Assets | $139K |
Is Higher Power Automotive 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 Higher Power Automotive Ministries Inc
Higher Power Automotive Ministries Inc (EIN: 813243497) is a nonprofit organization based in Fargo, ND, classified under NTEE code P50. The organization reported total revenue of $1.1M and total assets of $414K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Higher Power Automotive Ministries Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Higher Power Automotive Ministries Inc is a mid-size nonprofit that has been operating for 10 years, with 8 years of IRS 990 filings on record (2016–2023). Revenue has grown at a compound annual rate of 48.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $627K |
| Total Expenses | $581K |
| Surplus / Deficit | +$46K |
| Total Assets | $139K |
| Net Assets | $139K |
| Operating Margin | 7.3% |
| Months of Reserves | 2.9 months |
Financial Health Grade: A
In 2023, Higher Power Automotive Ministries Inc reported a surplus of $46K with revenue exceeding expenses, holds 2.9 months of operating reserves (limited).
Financial Trends
Over 8 years of filings (2016–2023), Higher Power Automotive Ministries Inc's revenue has grown at a compound annual growth rate (CAGR) of 48.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +9.0% | -2.0% | -4.2% |
| 2022 | +26.6% | +82.6% | -11.2% |
| 2021 | +32.2% | +32.9% | -9.1% |
| 2020 | -8.5% | -20.9% | +19.4% |
| 2019 | +51.5% | +41.2% | +163.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2016 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Higher Power Automotive 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 Higher Power Automotive 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $46K, with revenue exceeding expenses.
Frequently Asked Questions about Higher Power Automotive Ministries Inc
Is Higher Power Automotive Ministries Inc a legitimate charity?
Higher Power Automotive Ministries Inc (EIN: 813243497) is a registered tax-exempt nonprofit based in North Dakota. It has 8 years of IRS 990 filings on record. Total revenue: $1.1M. No red flags identified. Financial health grade: A.
How does Higher Power Automotive Ministries Inc spend its money?
Higher Power Automotive Ministries Inc reported $1.1M in total revenue in IRS 990 filings. 8 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Higher Power Automotive Ministries Inc tax-deductible?
Higher Power Automotive Ministries Inc is registered as a tax-exempt nonprofit (EIN: 813243497). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Higher Power Automotive Ministries Inc located?
Higher Power Automotive Ministries Inc is headquartered in Fargo, North Dakota and files with the IRS under EIN 813243497. It is classified under NTEE code P50.
How many years of IRS 990 filings does Higher Power Automotive Ministries Inc have?
Higher Power Automotive Ministries Inc has 8 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 $1.1M in total revenue.
Filing History
IRS 990 filing history for Higher Power Automotive Ministries Inc showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2016–2023), Higher Power Automotive Ministries Inc's revenue has grown by 1506.7%, moving from $39K to $627K. Total assets increased by 842.8% over the same period, from $15K to $139K. Total functional expenses rose by 2291.2%, from $24K to $581K. In its most recent filing year (2023), Higher Power Automotive Ministries Inc reported a surplus of $46K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $627K | $581K | $139K | $0 | — | View 990 |
| 2022 | $575K | $593K | $145K | $0 | — | View 990 |
| 2021 | $454K | $325K | $163K | $0 | — | — |
| 2020 | $344K | $245K | $180K | $0 | — | View 990 |
| 2019 | $375K | $309K | $150K | $0 | — | View 990 |
| 2018 | $248K | $219K | $57K | $0 | — | View 990 |
| 2017 | $188K | $174K | $28K | $0 | — | View 990 |
| 2016 | $39K | $24K | $15K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $627K, expenses of $581K, and assets of $139K (revenue +9.0% year-over-year).
- 2022: Revenue of $575K, expenses of $593K, and assets of $145K (revenue +26.6% year-over-year).
- 2021: Revenue of $454K, expenses of $325K, and assets of $163K (revenue +32.2% year-over-year).
- 2020: Revenue of $344K, expenses of $245K, and assets of $180K (revenue -8.5% year-over-year).
- 2019: Revenue of $375K, expenses of $309K, and assets of $150K (revenue +51.5% year-over-year).
- 2018: Revenue of $248K, expenses of $219K, and assets of $57K (revenue +32.1% year-over-year).
- 2017: Revenue of $188K, expenses of $174K, and assets of $28K (revenue +380.8% year-over-year).
- 2016: Revenue of $39K, expenses of $24K, and assets of $15K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Higher Power Automotive Ministries Inc:
Data Sources and Methodology
This transparency report for Higher Power Automotive 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.