Iron Sharpens Iron Ministries Inc
Iron Sharpens Iron Ministries Inc shows strong revenue growth and asset accumulation with no reported officer compensation.
EIN: 200727122 · San Antonio, TX · NTEE: X20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.9M |
| Total Expenses | $1.2M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $1,914,851 |
| Net Assets | $1.7M |
| Transparency Score | 85/100 |
Is Iron Sharpens Iron Ministries Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Iron Sharpens Iron Ministries Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Iron Sharpens Iron Ministries Inc
Iron Sharpens Iron Ministries Inc (EIN: 200727122) is a nonprofit organization based in San Antonio, TX, classified under NTEE code X20. The organization reported total revenue of $1.9M and total assets of $1.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Iron Sharpens Iron Ministries Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Iron Sharpens Iron Ministries Inc is a mid-size nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 17.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.6M |
| Total Expenses | $1.2M |
| Surplus / Deficit | +$388K |
| Total Assets | $1.7M |
| Total Liabilities | $11K |
| Net Assets | $1.7M |
| Operating Margin | 24.2% |
| Debt-to-Asset Ratio | 0.6% |
| Months of Reserves | 17.0 months |
Financial Health Grade: A
In 2023, Iron Sharpens Iron Ministries Inc reported a surplus of $388K with revenue exceeding expenses, holds 17.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.6% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Iron Sharpens Iron Ministries Inc's revenue has grown at a compound annual growth rate (CAGR) of 17.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +13.0% | +111.1% | +27.6% |
| 2022 | +212.4% | +72.3% | +180.8% |
| 2021 | +18.2% | +14.6% | +32.9% |
| 2020 | +45.3% | +19.6% | +33.8% |
| 2019 | -7.0% | -7.3% | +15.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 2004 |
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 Iron Sharpens Iron Ministries 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: 80%
- fundraising: 10%
According to IRS 990 filings, Iron Sharpens Iron Ministries Inc allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% 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 $388K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.6%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization of its size and revenue ($1,914,851 latest revenue). This suggests either a fully volunteer-led executive team or that executive compensation is structured in a way not reported as officer compensation on the 990, warranting further inquiry for complete transparency.
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 Iron Sharpens Iron Ministries Inc's IRS 990 filings:
- Consistent 0% officer compensation reported, which is unusual for an organization of this revenue size and warrants further investigation into executive compensation practices.
Strengths
The following positive indicators were identified for Iron Sharpens Iron Ministries Inc:
- Strong and consistent revenue growth, particularly in recent years, from $264,441 in 2019 to $1,603,801 in 2023.
- Healthy asset accumulation, growing from $269,925 in 2019 to $1,719,440 in 2023.
- Low liabilities relative to assets and revenue, indicating good financial management and low financial risk.
- Consistent surplus of revenue over expenses in recent years, allowing for reinvestment and reserve building (e.g., $1,603,801 revenue vs. $1,216,085 expenses in 2023).
Frequently Asked Questions about Iron Sharpens Iron Ministries Inc
Is Iron Sharpens Iron Ministries Inc a legitimate charity?
Iron Sharpens Iron Ministries Inc (EIN: 200727122) is a registered tax-exempt nonprofit based in Texas. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.9M. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Iron Sharpens Iron Ministries Inc spend its money?
Iron Sharpens Iron Ministries Inc directs 80% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Iron Sharpens Iron Ministries Inc tax-deductible?
Iron Sharpens Iron Ministries Inc is registered as a tax-exempt nonprofit (EIN: 200727122). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Iron Sharpens Iron Ministries Inc CEO make?
Iron Sharpens Iron Ministries Inc's highest-compensated officer earns $1,914,851 annually. The organization reported $1.9M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Iron Sharpens Iron Ministries Inc's spending goes to programs?
Iron Sharpens Iron Ministries Inc directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Iron Sharpens Iron Ministries Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Iron Sharpens Iron Ministries Inc is above average for NTEE category X20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Iron Sharpens Iron Ministries Inc located?
Iron Sharpens Iron Ministries Inc is headquartered in San Antonio, Texas and files with the IRS under EIN 200727122. It is classified under NTEE code X20.
How many years of IRS 990 filings does Iron Sharpens Iron Ministries Inc have?
Iron Sharpens Iron 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 $1.9M in total revenue.
Is Iron Sharpens Iron Ministries Inc a good charity?
Based on the available financial data, Iron Sharpens Iron Ministries Inc appears to be a financially healthy and growing organization with strong revenue and asset accumulation. The consistent reporting of 0% officer compensation is a unique characteristic that could indicate a highly efficient, volunteer-driven model, or it could suggest that compensation is reported differently. Further investigation into their program activities and full expense breakdown would provide a more complete picture of their impact and efficiency.
How has Iron Sharpens Iron Ministries Inc's revenue grown over time?
Iron Sharpens Iron Ministries Inc has experienced significant revenue growth, particularly in recent years. Revenue increased from $264,441 in 2019 to $454,271 in 2021, then surged to $1,419,032 in 2022 and $1,603,801 in 2023, demonstrating a strong upward trend.
What is the organization's financial stability?
The organization demonstrates strong financial stability with growing assets ($1,868,888 latest) and consistently low liabilities (e.g., $10,870 in 2023). The consistent surplus of revenue over expenses in recent years also contributes to its robust financial health.
Why is officer compensation reported as 0%?
The consistent reporting of 0% officer compensation across all filings is unusual for an organization of this size. This could mean that the organization is entirely run by volunteers at the executive level, or that executive compensation is paid through a related entity or classified under different expense categories not captured as 'officer compensation' on the 990. This aspect would require reviewing the full 990 forms for clarification.
Filing History
IRS 990 filing history for Iron Sharpens Iron Ministries Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Iron Sharpens Iron Ministries Inc's revenue has grown by 592.6%, moving from $232K to $1.6M. Total assets increased by 668.7% over the same period, from $224K to $1.7M. Total functional expenses rose by 420.9%, from $233K to $1.2M. In its most recent filing year (2023), Iron Sharpens Iron Ministries Inc reported a surplus of $388K, with revenue exceeding expenses. The organization holds $11K in liabilities against $1.7M in assets (debt-to-asset ratio: 0.6%), resulting in net assets of $1.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.6M | $1.2M | $1.7M | $11K | — | — |
| 2022 | $1.4M | $576K | $1.3M | $27K | — | View 990 |
| 2021 | $454K | $334K | $480K | $2K | — | View 990 |
| 2020 | $384K | $292K | $361K | $3K | — | View 990 |
| 2019 | $264K | $244K | $270K | $4K | — | View 990 |
| 2018 | $284K | $263K | $233K | $414 | — | View 990 |
| 2017 | $322K | $248K | $214K | $3K | — | View 990 |
| 2016 | $274K | $312K | $138K | $125 | — | View 990 |
| 2015 | $103K | $164K | $177K | $503 | — | View 990 |
| 2014 | $219K | $211K | $238K | $0 | — | View 990 |
| 2013 | $362K | $328K | $230K | $0 | — | View 990 |
| 2012 | $282K | $309K | $196K | $0 | — | View 990 |
| 2011 | $232K | $233K | $224K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.6M, expenses of $1.2M, and assets of $1.7M (revenue +13.0% year-over-year).
- 2022: Revenue of $1.4M, expenses of $576K, and assets of $1.3M (revenue +212.4% year-over-year).
- 2021: Revenue of $454K, expenses of $334K, and assets of $480K (revenue +18.2% year-over-year).
- 2020: Revenue of $384K, expenses of $292K, and assets of $361K (revenue +45.3% year-over-year).
- 2019: Revenue of $264K, expenses of $244K, and assets of $270K (revenue -7.0% year-over-year).
- 2018: Revenue of $284K, expenses of $263K, and assets of $233K (revenue -11.6% year-over-year).
- 2017: Revenue of $322K, expenses of $248K, and assets of $214K (revenue +17.6% year-over-year).
- 2016: Revenue of $274K, expenses of $312K, and assets of $138K (revenue +166.9% year-over-year).
- 2015: Revenue of $103K, expenses of $164K, and assets of $177K (revenue -53.1% year-over-year).
- 2014: Revenue of $219K, expenses of $211K, and assets of $238K (revenue -39.6% year-over-year).
- 2013: Revenue of $362K, expenses of $328K, and assets of $230K (revenue +28.6% year-over-year).
- 2012: Revenue of $282K, expenses of $309K, and assets of $196K (revenue +21.6% year-over-year).
- 2011: Revenue of $232K, expenses of $233K, and assets of $224K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Iron Sharpens Iron Ministries Inc:
Data Sources and Methodology
This transparency report for Iron Sharpens Iron 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.