Hot Springs Ministerial Association
EIN: 460428867 · Hot Springs, SD · NTEE: X20
| Metric | Value |
|---|---|
| Total Revenue | $133K |
| Total Expenses | $138K |
| Net Assets | $63K |
Is Hot Springs Ministerial Association Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Hot Springs Ministerial Association
Hot Springs Ministerial Association (EIN: 460428867) is a nonprofit organization based in Hot Springs, SD, classified under NTEE code X20. The organization reported total revenue of $133K and total assets of $288K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hot Springs Ministerial Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hot Springs Ministerial Association is a small nonprofit that has been operating for 22 years, with 2 years of IRS 990 filings on record (2022–2023). Revenue has grown at a compound annual rate of 63.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $121K |
| Total Expenses | $138K |
| Surplus / Deficit | $-16,843 |
| Total Assets | $285K |
| Total Liabilities | $222K |
| Net Assets | $63K |
| Operating Margin | -14.0% |
| Debt-to-Asset Ratio | 77.9% |
| Months of Reserves | 24.8 months |
Financial Health Grade: C
In 2023, Hot Springs Ministerial Association reported a deficit of $17K with expenses exceeding revenue, holds 24.8 months of operating reserves (strong position), has a debt-to-asset ratio of 77.9% (high leverage).
Financial Trends
Over 2 years of filings (2022–2023), Hot Springs Ministerial Association's revenue has grown at a compound annual growth rate (CAGR) of 63.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +63.4% | +55.7% | +257.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1700 |
| IRS Ruling Date | 2004 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Hot Springs Ministerial Association 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 Hot Springs Ministerial Association 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 $17K, with expenses exceeding revenue.
- Debt-to-asset ratio: 77.9%.
Frequently Asked Questions about Hot Springs Ministerial Association
Is Hot Springs Ministerial Association a legitimate charity?
Hot Springs Ministerial Association (EIN: 460428867) is a registered tax-exempt nonprofit based in South Dakota. It has 2 years of IRS 990 filings on record. Total revenue: $133K. No red flags identified. Financial health grade: C.
How does Hot Springs Ministerial Association spend its money?
Hot Springs Ministerial Association reported $133K in total revenue in IRS 990 filings. 2 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Hot Springs Ministerial Association tax-deductible?
Hot Springs Ministerial Association is registered as a tax-exempt nonprofit (EIN: 460428867). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Hot Springs Ministerial Association located?
Hot Springs Ministerial Association is headquartered in Hot Springs, South Dakota and files with the IRS under EIN 460428867. It is classified under NTEE code X20.
How many years of IRS 990 filings does Hot Springs Ministerial Association have?
Hot Springs Ministerial Association has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $133K in total revenue.
Filing History
IRS 990 filing history for Hot Springs Ministerial Association showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2022–2023), Hot Springs Ministerial Association's revenue has grown by 63.4%, moving from $74K to $121K. Total assets increased by 257.4% over the same period, from $80K to $285K. Total functional expenses rose by 55.7%, from $88K to $138K. In its most recent filing year (2023), Hot Springs Ministerial Association reported a deficit of $17K, with expenses exceeding revenue. The organization holds $222K in liabilities against $285K in assets (debt-to-asset ratio: 77.9%), resulting in net assets of $63K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $121K | $138K | $285K | $222K | — | View 990 |
| 2022 | $74K | $88K | $80K | $0 | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hot Springs Ministerial Association:
Data Sources and Methodology
This transparency report for Hot Springs Ministerial Association 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.