Kendrick Ministries Inc
EIN: 311522478 · Laurel, MS · NTEE: T20Z
| Metric | Value |
|---|---|
| Total Revenue | $417K |
| Total Expenses | $349K |
| Net Assets | $340K |
Is Kendrick Ministries Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Kendrick Ministries Inc
Kendrick Ministries Inc (EIN: 311522478) is a nonprofit organization based in Laurel, MS, classified under NTEE code T20Z. The organization reported total revenue of $417K and total assets of $386K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Kendrick Ministries Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Kendrick Ministries Inc is a small nonprofit that has been operating for 29 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -1.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $408K |
| Total Expenses | $349K |
| Surplus / Deficit | +$59K |
| Total Assets | $360K |
| Total Liabilities | $19K |
| Net Assets | $340K |
| Operating Margin | 14.5% |
| Debt-to-Asset Ratio | 5.3% |
| Months of Reserves | 12.4 months |
Financial Health Grade: A
In 2023, Kendrick Ministries Inc reported a surplus of $59K with revenue exceeding expenses, holds 12.4 months of operating reserves (strong position), has a debt-to-asset ratio of 5.3% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Kendrick Ministries Inc's revenue has declined at a compound annual growth rate (CAGR) of -1.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -5.7% | -57.3% | +19.8% |
| 2022 | -20.9% | +32.4% | -55.7% |
| 2021 | -46.4% | +55.9% | -7.5% |
| 2020 | +194.5% | +6.5% | +971.1% |
| 2019 | -35.4% | -25.5% | -4.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1997 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Kendrick Ministries Inc 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 Kendrick Ministries Inc 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 $59K, with revenue exceeding expenses.
- Debt-to-asset ratio: 5.3%.
Frequently Asked Questions about Kendrick Ministries Inc
Is Kendrick Ministries Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Kendrick Ministries Inc (EIN: 311522478) insufficient data. 0 red flags identified, 0 strengths noted.
How does Kendrick Ministries Inc spend its money?
Detailed spending breakdown data is not yet available for Kendrick Ministries Inc. Check back for updated IRS 990 analysis.
Are donations to Kendrick Ministries Inc tax-deductible?
Kendrick Ministries Inc is registered as a tax-exempt nonprofit (EIN: 311522478). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Kendrick Ministries Inc located?
Kendrick Ministries Inc is headquartered in Laurel, Mississippi and files with the IRS under EIN 311522478. It is classified under NTEE code T20Z.
How many years of IRS 990 filings does Kendrick Ministries Inc have?
Kendrick Ministries Inc has 10 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 $417K in total revenue.
Filing History
IRS 990 filing history for Kendrick Ministries Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Kendrick Ministries Inc's revenue has declined by 11.8%, moving from $462K to $408K. Total assets increased by 149.5% over the same period, from $144K to $360K. Total functional expenses fell by 1.5%, from $354K to $349K. In its most recent filing year (2023), Kendrick Ministries Inc reported a surplus of $59K, with revenue exceeding expenses. The organization holds $19K in liabilities against $360K in assets (debt-to-asset ratio: 5.3%), resulting in net assets of $340K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $408K | $349K | $360K | $19K | — | — |
| 2022 | $432K | $815K | $300K | $19K | — | View 990 |
| 2021 | $547K | $616K | $678K | $14K | — | View 990 |
| 2020 | $1.0M | $395K | $734K | $0 | — | View 990 |
| 2019 | $346K | $371K | $68K | $1 | — | View 990 |
| 2015 | $536K | $498K | $72K | $15K | — | View 990 |
| 2014 | $404K | $399K | $49K | $30K | — | View 990 |
| 2013 | $351K | $380K | $61K | $46K | — | View 990 |
| 2012 | $464K | $565K | $43K | $1 | — | View 990 |
| 2011 | $462K | $354K | $144K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $408K, expenses of $349K, and assets of $360K (revenue -5.7% year-over-year).
- 2022: Revenue of $432K, expenses of $815K, and assets of $300K (revenue -20.9% year-over-year).
- 2021: Revenue of $547K, expenses of $616K, and assets of $678K (revenue -46.4% year-over-year).
- 2020: Revenue of $1.0M, expenses of $395K, and assets of $734K (revenue +194.5% year-over-year).
- 2019: Revenue of $346K, expenses of $371K, and assets of $68K (revenue -35.4% year-over-year).
- 2015: Revenue of $536K, expenses of $498K, and assets of $72K (revenue +32.9% year-over-year).
- 2014: Revenue of $404K, expenses of $399K, and assets of $49K (revenue +14.9% year-over-year).
- 2013: Revenue of $351K, expenses of $380K, and assets of $61K (revenue -24.3% year-over-year).
- 2012: Revenue of $464K, expenses of $565K, and assets of $43K (revenue +0.4% year-over-year).
- 2011: Revenue of $462K, expenses of $354K, and assets of $144K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Kendrick Ministries Inc:
Data Sources and Methodology
This transparency report for Kendrick 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.