Impact Ministries Of Myrtle Beach
EIN: 272059806 · Myrtle Beach, SC · NTEE: X192
| Metric | Value |
|---|---|
| Total Revenue | $370K |
| Total Expenses | $371K |
| Net Assets | $805K |
Is Impact Ministries Of Myrtle Beach Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Impact Ministries Of Myrtle Beach
Impact Ministries Of Myrtle Beach (EIN: 272059806) is a nonprofit organization based in Myrtle Beach, SC, classified under NTEE code X192. The organization reported total revenue of $370K and total assets of $1.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Impact Ministries Of Myrtle Beach's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Impact Ministries Of Myrtle Beach is a small nonprofit that has been operating for 16 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $420K |
| Total Expenses | $371K |
| Surplus / Deficit | +$49K |
| Total Assets | $1.5M |
| Total Liabilities | $685K |
| Net Assets | $805K |
| Operating Margin | 11.7% |
| Debt-to-Asset Ratio | 46.0% |
| Months of Reserves | 48.2 months |
Financial Health Grade: A
In 2023, Impact Ministries Of Myrtle Beach reported a surplus of $49K with revenue exceeding expenses, holds 48.2 months of operating reserves (strong position), has a debt-to-asset ratio of 46.0% (moderate leverage).
Financial Trends
Over 12 years of filings (2011–2023), Impact Ministries Of Myrtle Beach's revenue has grown at a compound annual growth rate (CAGR) of 8.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -32.0% | -0.2% | -0.1% |
| 2022 | +25.0% | +32.0% | +10.6% |
| 2021 | +62.7% | +5.2% | +306.3% |
| 2020 | -25.4% | -26.3% | +11.6% |
| 2019 | +25.2% | +45.3% | +17.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2010 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Impact Ministries Of Myrtle Beach 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 Impact Ministries Of Myrtle Beach 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 $49K, with revenue exceeding expenses.
- Debt-to-asset ratio: 46.0%.
Frequently Asked Questions about Impact Ministries Of Myrtle Beach
Is Impact Ministries Of Myrtle Beach a legitimate charity?
Based on AI analysis of IRS 990 filings, Impact Ministries Of Myrtle Beach (EIN: 272059806) insufficient data. 0 red flags identified, 0 strengths noted.
How does Impact Ministries Of Myrtle Beach spend its money?
Detailed spending breakdown data is not yet available for Impact Ministries Of Myrtle Beach. Check back for updated IRS 990 analysis.
Are donations to Impact Ministries Of Myrtle Beach tax-deductible?
Impact Ministries Of Myrtle Beach is registered as a tax-exempt nonprofit (EIN: 272059806). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Impact Ministries Of Myrtle Beach located?
Impact Ministries Of Myrtle Beach is headquartered in Myrtle Beach, South Carolina and files with the IRS under EIN 272059806. It is classified under NTEE code X192.
How many years of IRS 990 filings does Impact Ministries Of Myrtle Beach have?
Impact Ministries Of Myrtle Beach has 12 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 $370K in total revenue.
Filing History
IRS 990 filing history for Impact Ministries Of Myrtle Beach showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Impact Ministries Of Myrtle Beach's revenue has grown by 156.7%, moving from $164K to $420K. Total assets increased by 276491.1% over the same period, from $539 to $1.5M. Total functional expenses rose by 110.3%, from $177K to $371K. In its most recent filing year (2023), Impact Ministries Of Myrtle Beach reported a surplus of $49K, with revenue exceeding expenses. The organization holds $685K in liabilities against $1.5M in assets (debt-to-asset ratio: 46.0%), resulting in net assets of $805K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $420K | $371K | $1.5M | $685K | — | — |
| 2022 | $618K | $372K | $1.5M | $700K | — | View 990 |
| 2021 | $495K | $282K | $1.4M | $798K | — | View 990 |
| 2020 | $304K | $268K | $332K | $0 | — | View 990 |
| 2019 | $408K | $363K | $298K | $1K | — | View 990 |
| 2018 | $325K | $250K | $254K | $1K | — | View 990 |
| 2017 | $311K | $186K | $177K | $317 | — | View 990 |
| 2015 | $333K | $297K | $71K | $146 | — | View 990 |
| 2014 | $280K | $268K | $35K | $233 | — | View 990 |
| 2013 | $285K | $266K | $23K | $0 | — | View 990 |
| 2012 | $195K | $192K | $4K | $0 | — | View 990 |
| 2011 | $164K | $177K | $539 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $420K, expenses of $371K, and assets of $1.5M (revenue -32.0% year-over-year).
- 2022: Revenue of $618K, expenses of $372K, and assets of $1.5M (revenue +25.0% year-over-year).
- 2021: Revenue of $495K, expenses of $282K, and assets of $1.4M (revenue +62.7% year-over-year).
- 2020: Revenue of $304K, expenses of $268K, and assets of $332K (revenue -25.4% year-over-year).
- 2019: Revenue of $408K, expenses of $363K, and assets of $298K (revenue +25.2% year-over-year).
- 2018: Revenue of $325K, expenses of $250K, and assets of $254K (revenue +4.5% year-over-year).
- 2017: Revenue of $311K, expenses of $186K, and assets of $177K (revenue -6.3% year-over-year).
- 2015: Revenue of $333K, expenses of $297K, and assets of $71K (revenue +18.6% year-over-year).
- 2014: Revenue of $280K, expenses of $268K, and assets of $35K (revenue -1.6% year-over-year).
- 2013: Revenue of $285K, expenses of $266K, and assets of $23K (revenue +46.2% year-over-year).
- 2012: Revenue of $195K, expenses of $192K, and assets of $4K (revenue +19.1% year-over-year).
- 2011: Revenue of $164K, expenses of $177K, and assets of $539.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Impact Ministries Of Myrtle Beach:
Data Sources and Methodology
This transparency report for Impact Ministries Of Myrtle Beach 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.