Iglesia Cristo Mi Redentor Ministerio Elohim Inc
Iglesia Cristo Mi Redentor Ministerio Elohim Inc maintains stable revenue and zero liabilities, with no reported officer compensation.
EIN: 203030006 · Doraville, GA · NTEE: X21 · Updated: 2026-03-28
Is Iglesia Cristo Mi Redentor Ministerio Elohim Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Iglesia Cristo Mi Redentor Ministerio Elohim Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Iglesia Cristo Mi Redentor Ministerio Elohim Inc
Iglesia Cristo Mi Redentor Ministerio Elohim Inc (EIN: 203030006) is a nonprofit organization based in Doraville, GA, classified under NTEE code X21. The organization reported total revenue of $382K and total assets of $504K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Iglesia Cristo Mi Redentor Ministerio Elohim Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Iglesia Cristo Mi Redentor Ministerio Elohim Inc is a small nonprofit that has been operating for 15 years, with 7 years of IRS 990 filings on record (2014–2023). Revenue has grown at a compound annual rate of 3.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $382K |
| Total Expenses | $231K |
| Surplus / Deficit | +$151K |
| Total Assets | $504K |
| Net Assets | $504K |
| Operating Margin | 39.5% |
| Months of Reserves | 26.2 months |
Financial Health Grade: A
In 2023, Iglesia Cristo Mi Redentor Ministerio Elohim Inc reported a surplus of $151K with revenue exceeding expenses, holds 26.2 months of operating reserves (strong position).
Financial Trends
Over 7 years of filings (2014–2023), Iglesia Cristo Mi Redentor Ministerio Elohim Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +97.2% | +4.5% | -4.9% |
| 2020 | -51.0% | -22.2% | -4.9% |
| 2019 | +0.6% | +58.5% | -34.4% |
| 2017 | +2.4% | +11.8% | +33.6% |
| 2016 | +24.6% | +5.5% | +6.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 2011 |
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 Iglesia Cristo Mi Redentor Ministerio Elohim 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Iglesia Cristo Mi Redentor Ministerio Elohim Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $151K, with revenue exceeding expenses.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries or other compensation are paid to its officers, which is highly unusual for an organization of its size and revenue, suggesting a volunteer-led leadership structure.
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 Iglesia Cristo Mi Redentor Ministerio Elohim Inc's IRS 990 filings:
- Unusually low reported expenses relative to revenue in some years (e.g., 2017: Revenue $393,157, Expenses $179,550) without clear explanation for the surplus use.
- Zero officer compensation reported across all filings, which, while positive for donors, can sometimes indicate that compensation is being paid through other means or that the organization is entirely volunteer-run at the leadership level, which might raise questions about sustainability for some.
Strengths
The following positive indicators were identified for Iglesia Cristo Mi Redentor Ministerio Elohim Inc:
- Consistent revenue generation, demonstrating financial stability.
- Zero liabilities in recent filings (2023, 2020, 2019, 2017, 2016), indicating strong financial solvency.
- No reported officer compensation, suggesting a high degree of volunteerism or dedication to mission.
- Positive net assets, growing from $516,640 in 2014 to $503,802 in 2023, despite fluctuations.
- Regular and timely IRS 990 filings, demonstrating transparency and compliance.
Frequently Asked Questions about Iglesia Cristo Mi Redentor Ministerio Elohim Inc
Is Iglesia Cristo Mi Redentor Ministerio Elohim Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Iglesia Cristo Mi Redentor Ministerio Elohim Inc (EIN: 203030006) some concerns. Mission Score: 85/100. 2 red flags identified, 5 strengths noted.
How does Iglesia Cristo Mi Redentor Ministerio Elohim Inc spend its money?
Iglesia Cristo Mi Redentor Ministerio Elohim Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Iglesia Cristo Mi Redentor Ministerio Elohim Inc tax-deductible?
Iglesia Cristo Mi Redentor Ministerio Elohim Inc is registered as a tax-exempt nonprofit (EIN: 203030006). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Iglesia Cristo Mi Redentor Ministerio Elohim Inc a good charity?
Based on the available data, the organization appears to be a financially sound and transparent entity. It consistently generates more revenue than expenses, has zero liabilities in recent years, and reports no officer compensation, which are all positive indicators.
How has the organization's financial health changed over time?
The organization has shown consistent revenue generation, generally between $300,000 and $400,000. Its assets have fluctuated but remain substantial, and it has successfully eliminated liabilities, moving from $442,659 in 2014 to $0 in recent filings, indicating improved financial health.
What is the organization's approach to executive compensation?
The organization reports 0% officer compensation in all available filings, suggesting a volunteer-based leadership or that compensation is covered by other means not reported as officer compensation on the 990.
Filing History
IRS 990 filing history for Iglesia Cristo Mi Redentor Ministerio Elohim Inc showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2014–2023), Iglesia Cristo Mi Redentor Ministerio Elohim Inc's revenue has grown by 30.6%, moving from $293K to $382K. Total assets decreased by 2.5% over the same period, from $517K to $504K. Total functional expenses rose by 5.7%, from $219K to $231K. In its most recent filing year (2023), Iglesia Cristo Mi Redentor Ministerio Elohim Inc reported a surplus of $151K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $382K | $231K | $504K | $0 | — | — |
| 2020 | $194K | $221K | $530K | $0 | — | — |
| 2019 | $395K | $285K | $557K | $0 | — | View 990 |
| 2017 | $393K | $180K | $849K | $0 | — | View 990 |
| 2016 | $384K | $161K | $636K | $0 | — | View 990 |
| 2015 | $308K | $152K | $594K | $185K | — | View 990 |
| 2014 | $293K | $219K | $517K | $443K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $382K, expenses of $231K, and assets of $504K (revenue +97.2% year-over-year).
- 2020: Revenue of $194K, expenses of $221K, and assets of $530K (revenue -51.0% year-over-year).
- 2019: Revenue of $395K, expenses of $285K, and assets of $557K (revenue +0.6% year-over-year).
- 2017: Revenue of $393K, expenses of $180K, and assets of $849K (revenue +2.4% year-over-year).
- 2016: Revenue of $384K, expenses of $161K, and assets of $636K (revenue +24.6% year-over-year).
- 2015: Revenue of $308K, expenses of $152K, and assets of $594K (revenue +5.2% year-over-year).
- 2014: Revenue of $293K, expenses of $219K, and assets of $517K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Iglesia Cristo Mi Redentor Ministerio Elohim Inc:
Data Sources and Methodology
This transparency report for Iglesia Cristo Mi Redentor Ministerio Elohim 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.