Justfaith Ministries Inc
Justfaith Ministries Inc faces consistent deficit spending despite zero officer compensation.
EIN: 201377228 · Louisville, KY · NTEE: X21 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $904K |
| Total Expenses | $922K |
| Program Spending | 75% |
| Net Assets | $392K |
| Transparency Score | 70/100 |
Is Justfaith Ministries Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Justfaith Ministries Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Justfaith Ministries Inc
Justfaith Ministries Inc (EIN: 201377228) is a nonprofit organization based in Louisville, KY, classified under NTEE code X21. The organization reported total revenue of $904K and total assets of $607K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Justfaith Ministries Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Justfaith Ministries Inc is a small 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 -1.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $633K |
| Total Expenses | $922K |
| Surplus / Deficit | $-289,127 |
| Total Assets | $522K |
| Total Liabilities | $130K |
| Net Assets | $392K |
| Operating Margin | -45.7% |
| Debt-to-Asset Ratio | 24.9% |
| Months of Reserves | 6.8 months |
Financial Health Grade: B
In 2023, Justfaith Ministries Inc reported a deficit of $289K with expenses exceeding revenue, holds 6.8 months of operating reserves (strong position), has a debt-to-asset ratio of 24.9% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Justfaith Ministries Inc's revenue has declined at a compound annual growth rate (CAGR) of -1.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -13.8% | +0.0% | -36.4% |
| 2022 | -22.6% | +20.5% | -11.3% |
| 2021 | +13.8% | +15.1% | +26.4% |
| 2020 | +34.5% | +12.8% | +30.6% |
| 2019 | +17.3% | -1.1% | +9.9% |
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 Justfaith 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: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Justfaith Ministries Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 deficit of $289K, with expenses exceeding revenue.
- Debt-to-asset ratio: 24.9%.
Executive Compensation Analysis
Justfaith Ministries Inc consistently reports 0% officer compensation across all available filings, indicating that no funds are allocated to executive salaries, which is highly commendable for a nonprofit of its size.
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 Justfaith Ministries Inc's IRS 990 filings:
- Consistent deficit spending in recent years (e.g., 2023 expenses $922,014 vs. revenue $632,887).
- Significant decline in total assets from $1,341,173 in 2014 to $522,328 in 2023.
- Expenses consistently exceeding revenue in 6 out of the last 8 reported periods.
Strengths
The following positive indicators were identified for Justfaith Ministries Inc:
- Consistent 0% officer compensation, indicating strong commitment to mission over executive pay.
- Maintains a healthy asset-to-liability ratio, providing some financial cushion (e.g., 2023 assets $522,328 vs. liabilities $130,086).
- Long history of IRS 990 filings (13 filings), suggesting transparency and compliance.
Frequently Asked Questions about Justfaith Ministries Inc
Is Justfaith Ministries Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Justfaith Ministries Inc (EIN: 201377228) some concerns. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.
How does Justfaith Ministries Inc spend its money?
Justfaith Ministries Inc directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Justfaith Ministries Inc tax-deductible?
Justfaith Ministries Inc is registered as a tax-exempt nonprofit (EIN: 201377228). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Justfaith Ministries Inc's spending goes to programs?
Justfaith Ministries Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Justfaith Ministries Inc compare to similar nonprofits?
With a transparency score of 70/100 (Good), Justfaith Ministries Inc is above average for NTEE category X21 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Justfaith Ministries Inc located?
Justfaith Ministries Inc is headquartered in Louisville, Kentucky and files with the IRS under EIN 201377228. It is classified under NTEE code X21.
How many years of IRS 990 filings does Justfaith Ministries Inc have?
Justfaith 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 $904K in total revenue.
Is Justfaith Ministries Inc financially sustainable given its recent deficit spending?
The organization has experienced consistent deficit spending in recent years (e.g., $922,014 expenses vs. $632,887 revenue in 2023), which raises concerns about long-term financial sustainability if not addressed through increased revenue or reduced expenses.
What is the reason for the significant decline in assets since 2014?
Assets have decreased from $1,341,173 in 2014 to $522,328 in 2023. This decline, coupled with recent deficit spending, suggests the organization may be drawing down reserves to cover operational costs.
How does Justfaith Ministries Inc cover its operational deficits?
With expenses exceeding revenue in multiple recent years (e.g., 2023 and 2022), the organization likely covers these deficits by utilizing accumulated reserves or other non-operating income sources, which is not sustainable indefinitely.
Filing History
IRS 990 filing history for Justfaith Ministries Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Justfaith Ministries Inc's revenue has declined by 14.7%, moving from $742K to $633K. Total assets decreased by 45.1% over the same period, from $952K to $522K. Total functional expenses fell by 22.7%, from $1.2M to $922K. In its most recent filing year (2023), Justfaith Ministries Inc reported a deficit of $289K, with expenses exceeding revenue. The organization holds $130K in liabilities against $522K in assets (debt-to-asset ratio: 24.9%), resulting in net assets of $392K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $633K | $922K | $522K | $130K | — | View 990 |
| 2022 | $734K | $922K | $821K | $140K | — | — |
| 2021 | $949K | $765K | $926K | $57K | — | View 990 |
| 2020 | $834K | $664K | $732K | $48K | — | View 990 |
| 2019 | $620K | $589K | $561K | $45K | — | View 990 |
| 2018 | $528K | $596K | $510K | $26K | — | View 990 |
| 2017 | $487K | $612K | $584K | $32K | — | View 990 |
| 2016 | $468K | $848K | $715K | $38K | — | View 990 |
| 2015 | $960K | $1.1M | $1.1M | $59K | — | View 990 |
| 2014 | $1.4M | $1.1M | $1.3M | $98K | — | View 990 |
| 2013 | $1.1M | $1.1M | $1.1M | $102K | — | View 990 |
| 2012 | $1.3M | $1.3M | $1.0M | $42K | — | View 990 |
| 2011 | $742K | $1.2M | $952K | $44K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $633K, expenses of $922K, and assets of $522K (revenue -13.8% year-over-year).
- 2022: Revenue of $734K, expenses of $922K, and assets of $821K (revenue -22.6% year-over-year).
- 2021: Revenue of $949K, expenses of $765K, and assets of $926K (revenue +13.8% year-over-year).
- 2020: Revenue of $834K, expenses of $664K, and assets of $732K (revenue +34.5% year-over-year).
- 2019: Revenue of $620K, expenses of $589K, and assets of $561K (revenue +17.3% year-over-year).
- 2018: Revenue of $528K, expenses of $596K, and assets of $510K (revenue +8.6% year-over-year).
- 2017: Revenue of $487K, expenses of $612K, and assets of $584K (revenue +3.9% year-over-year).
- 2016: Revenue of $468K, expenses of $848K, and assets of $715K (revenue -51.2% year-over-year).
- 2015: Revenue of $960K, expenses of $1.1M, and assets of $1.1M (revenue -31.8% year-over-year).
- 2014: Revenue of $1.4M, expenses of $1.1M, and assets of $1.3M (revenue +23.7% year-over-year).
- 2013: Revenue of $1.1M, expenses of $1.1M, and assets of $1.1M (revenue -15.3% year-over-year).
- 2012: Revenue of $1.3M, expenses of $1.3M, and assets of $1.0M (revenue +81.0% year-over-year).
- 2011: Revenue of $742K, expenses of $1.2M, and assets of $952K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Justfaith Ministries Inc:
Data Sources and Methodology
This transparency report for Justfaith 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.