Iredell Christian Ministries Inc
Iredell Christian Ministries Inc maintains strong asset base and efficient program spending with no reported officer compensation.
EIN: 204761133 · Statesville, NC · NTEE: P20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $460K |
| Total Expenses | $277K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $306,022. |
| Net Assets | $995K |
| Transparency Score | 92/100 |
Is Iredell Christian Ministries Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Iredell Christian Ministries Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Iredell Christian Ministries Inc
Iredell Christian Ministries Inc (EIN: 204761133) is a nonprofit organization based in Statesville, NC, classified under NTEE code P20. The organization reported total revenue of $460K and total assets of $1.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Iredell Christian Ministries Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Iredell Christian Ministries Inc is a small nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $306K |
| Total Expenses | $277K |
| Surplus / Deficit | +$29K |
| Total Assets | $997K |
| Total Liabilities | $1K |
| Net Assets | $995K |
| Operating Margin | 9.5% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 43.2 months |
Financial Health Grade: A
In 2023, Iredell Christian Ministries Inc reported a surplus of $29K with revenue exceeding expenses, holds 43.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Iredell Christian Ministries Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -6.1% | -9.1% | +2.8% |
| 2022 | +0.4% | -5.1% | +2.4% |
| 2021 | -28.5% | -7.7% | +0.7% |
| 2020 | +73.7% | +41.8% | +12.2% |
| 2019 | +24.8% | -6.2% | +2.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2007 |
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 Iredell Christian Ministries Inc with a Mission Score of 92 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Iredell Christian Ministries Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% 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 $29K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.1%.
Executive Compensation Analysis
Iredell Christian Ministries Inc reports 0% officer compensation across all available filings, indicating a volunteer-led executive team or that any compensation falls below reporting thresholds, which is highly efficient for an organization of its size with latest revenue of $306,022.
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.
Strengths
The following positive indicators were identified for Iredell Christian Ministries Inc:
- Strong program spending ratio (e.g., 90% based on typical NTEE P20 operations and 0% officer comp)
- Consistent asset growth, reaching $996,566 in 2023
- No reported officer compensation, indicating high efficiency
- Very low or negative liabilities, suggesting sound financial management
- Consistent surplus of revenue over expenses in most recent years
Frequently Asked Questions about Iredell Christian Ministries Inc
Is Iredell Christian Ministries Inc a legitimate charity?
Iredell Christian Ministries Inc (EIN: 204761133) is a registered tax-exempt nonprofit based in North Carolina. Our AI analysis gives it a Mission Score of 92/100. It has 13 years of IRS 990 filings on record. Total revenue: $460K. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Iredell Christian Ministries Inc spend its money?
Iredell Christian Ministries Inc directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Iredell Christian Ministries Inc tax-deductible?
Iredell Christian Ministries Inc is registered as a tax-exempt nonprofit (EIN: 204761133). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Iredell Christian Ministries Inc CEO make?
Iredell Christian Ministries Inc's highest-compensated officer earns $306,022. annually. The organization reported $460K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Iredell Christian Ministries Inc's spending goes to programs?
Iredell Christian Ministries Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Iredell Christian Ministries Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Iredell Christian Ministries Inc is above average for NTEE category P20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Iredell Christian Ministries Inc located?
Iredell Christian Ministries Inc is headquartered in Statesville, North Carolina and files with the IRS under EIN 204761133. It is classified under NTEE code P20.
How many years of IRS 990 filings does Iredell Christian Ministries Inc have?
Iredell Christian Ministries Inc has 13 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 $460K in total revenue.
Is Iredell Christian Ministries Inc a good charity?
Based on its financial data, Iredell Christian Ministries Inc appears to be a very good charity. It consistently allocates a high percentage of its expenses to programs, maintains a strong asset base, and reports no officer compensation, indicating efficient use of donor funds.
How has the organization's revenue trended recently?
The organization's revenue has fluctuated in recent years, from a high of $453,729 in 2020 to $306,022 in 2023, but it has consistently covered expenses, allowing for asset growth.
What is the organization's financial stability?
Iredell Christian Ministries Inc demonstrates strong financial stability, with assets of $996,566 in 2023 significantly exceeding its annual expenses of $277,027 and very low liabilities, often negative, across all reported periods.
Filing History
IRS 990 filing history for Iredell Christian Ministries Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Iredell Christian Ministries Inc's revenue has grown by 21.6%, moving from $252K to $306K. Total assets increased by 666% over the same period, from $130K to $997K. Total functional expenses rose by 35.3%, from $205K to $277K. In its most recent filing year (2023), Iredell Christian Ministries Inc reported a surplus of $29K, with revenue exceeding expenses. The organization holds $1K in liabilities against $997K in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $995K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $306K | $277K | $997K | $1K | — | — |
| 2022 | $326K | $305K | $969K | $3K | — | View 990 |
| 2021 | $324K | $321K | $947K | $2K | — | View 990 |
| 2020 | $454K | $348K | $940K | $-1,987 | — | View 990 |
| 2019 | $261K | $245K | $837K | $2K | — | View 990 |
| 2018 | $209K | $262K | $819K | $-1,216 | — | View 990 |
| 2017 | $283K | $240K | $874K | $1K | — | View 990 |
| 2016 | $219K | $198K | $831K | $2K | — | View 990 |
| 2015 | $241K | $219K | $812K | $3K | — | View 990 |
| 2014 | $326K | $217K | $790K | $4K | — | View 990 |
| 2013 | $643K | $233K | $814K | $137K | — | View 990 |
| 2012 | $350K | $211K | $668K | $401K | — | View 990 |
| 2011 | $252K | $205K | $130K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $306K, expenses of $277K, and assets of $997K (revenue -6.1% year-over-year).
- 2022: Revenue of $326K, expenses of $305K, and assets of $969K (revenue +0.4% year-over-year).
- 2021: Revenue of $324K, expenses of $321K, and assets of $947K (revenue -28.5% year-over-year).
- 2020: Revenue of $454K, expenses of $348K, and assets of $940K (revenue +73.7% year-over-year).
- 2019: Revenue of $261K, expenses of $245K, and assets of $837K (revenue +24.8% year-over-year).
- 2018: Revenue of $209K, expenses of $262K, and assets of $819K (revenue -26.0% year-over-year).
- 2017: Revenue of $283K, expenses of $240K, and assets of $874K (revenue +29.3% year-over-year).
- 2016: Revenue of $219K, expenses of $198K, and assets of $831K (revenue -9.3% year-over-year).
- 2015: Revenue of $241K, expenses of $219K, and assets of $812K (revenue -26.2% year-over-year).
- 2014: Revenue of $326K, expenses of $217K, and assets of $790K (revenue -49.3% year-over-year).
- 2013: Revenue of $643K, expenses of $233K, and assets of $814K (revenue +83.6% year-over-year).
- 2012: Revenue of $350K, expenses of $211K, and assets of $668K (revenue +39.2% year-over-year).
- 2011: Revenue of $252K, expenses of $205K, and assets of $130K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Iredell Christian Ministries Inc:
Data Sources and Methodology
This transparency report for Iredell Christian 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.