Imagine Me Ministries Inc

Imagine Me Ministries Inc shows revenue growth but consistently reports zero assets and increasing liabilities in its latest filing.

EIN: 208715863 · Reisterstown, MD · NTEE: O50 · Updated: 2026-03-28

$244KRevenue

$11KAssets

70/100Mission Score (Good)

O50

About Imagine Me Ministries Inc

Imagine Me Ministries Inc (EIN: 208715863) is a nonprofit organization based in Reisterstown, MD, classified under NTEE code O50. The organization reported total revenue of $244K and total assets of $11K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Imagine Me Ministries Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Imagine Me Ministries Inc demonstrates a pattern of increasing revenue over its filing history, with the latest reported revenue at $243,844. However, the organization consistently reports $0 in assets across multiple recent filings, which is unusual for a growing nonprofit and could indicate a lack of financial reserves or immediate spending of all incoming funds. In the 202312 period, the organization reported $0 in assets while simultaneously having $49,053 in liabilities, suggesting a potentially precarious financial position where liabilities exceed reported assets. The consistent reporting of 0% officer compensation across all filings indicates that executive leadership is either unpaid or compensated through non-reportable means, which can be a positive sign for donor funds directly supporting programs, but also raises questions about the sustainability of leadership without compensation in the long term. The organization's spending efficiency appears to be generally good, with expenses often close to revenue, indicating funds are being utilized.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Imagine Me Ministries Inc with a Mission Score of 70 out of 100 (Good). 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, Imagine Me Ministries 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.

Executive Compensation Analysis

Executive compensation is consistently reported as 0% across all filings, indicating that officers are not receiving reportable salaries, which is a positive for direct program funding but unusual for an organization with growing revenue.

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 Imagine Me Ministries Inc's IRS 990 filings:

Consistent reporting of $0 in assets despite increasing revenue.
Liabilities ($49,053) significantly exceeding reported assets ($0) in the latest filing (202312).

Strengths

The following positive indicators were identified for Imagine Me Ministries Inc:

Consistent revenue growth over the past several years.
0% officer compensation, indicating funds are not used for executive salaries.
Expenses generally align closely with revenue, suggesting funds are being put to use.

Frequently Asked Questions about Imagine Me Ministries Inc

Why does Imagine Me Ministries Inc consistently report $0 in assets?

The consistent reporting of $0 in assets across multiple years, including the latest filing period 202312, is unusual for an organization with growing revenue and could indicate that funds are spent immediately or that assets are not being properly reported.

What is the nature of the $49,053 in liabilities reported in the 202312 period?

The latest filing shows $49,053 in liabilities with $0 in reported assets, which suggests the organization may be operating with a deficit or has significant outstanding obligations that are not covered by readily available assets.

How does Imagine Me Ministries Inc sustain its operations without officer compensation?

The 0% officer compensation across all filings implies that leadership is either volunteer-based or compensated through non-reportable means, which could be a strength for donor confidence but also raises questions about long-term operational sustainability.

Filing History

IRS 990 filing history for Imagine Me Ministries Inc showing financial trends over 9 years of public records:

Over 9 years of IRS 990 filings (2015–2023), Imagine Me Ministries Inc's revenue has grown by 487.6%, moving from $28K to $165K. Total functional expenses rose by 426.9%, from $28K to $148K. In its most recent filing year (2023), Imagine Me Ministries Inc reported a surplus of $17K, with revenue exceeding expenses.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$165K	$148K	$0	$49K	—	—
2022	$153K	$144K	$0	$0	—	View 990
2021	$94K	$101K	$0	$0	—	View 990
2020	$59K	$63K	$0	$0	—	View 990
2019	$72K	$37K	$0	$0	—	View 990
2018	$30K	$19K	$0	$0	—	View 990
2017	$47K	$47K	$0	$0	—	View 990
2016	$26K	$26K	$0	$0	—	View 990
2015	$28K	$28K	$0	$0	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $165K, expenses of $148K, and assets of $0 (revenue +7.3% year-over-year).
2022: Revenue of $153K, expenses of $144K, and assets of $0 (revenue +62.6% year-over-year).
2021: Revenue of $94K, expenses of $101K, and assets of $0 (revenue +58.7% year-over-year).
2020: Revenue of $59K, expenses of $63K, and assets of $0 (revenue -17.3% year-over-year).
2019: Revenue of $72K, expenses of $37K, and assets of $0 (revenue +137.6% year-over-year).
2018: Revenue of $30K, expenses of $19K, and assets of $0 (revenue -35.9% year-over-year).
2017: Revenue of $47K, expenses of $47K, and assets of $0 (revenue +84.3% year-over-year).
2016: Revenue of $26K, expenses of $26K, and assets of $0 (revenue -8.6% year-over-year).
2015: Revenue of $28K, expenses of $28K, and assets of $0.

Data Sources and Methodology

This transparency report for Imagine Me 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.