Kinsman Redeemer Homeless Ministry
EIN: 854382770 · Charlotte, TN · NTEE: P85
| Metric | Value |
|---|---|
| Total Revenue | $343K |
| Total Expenses | $44K |
| Net Assets | $338K |
Is Kinsman Redeemer Homeless Ministry Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Kinsman Redeemer Homeless Ministry
Kinsman Redeemer Homeless Ministry (EIN: 854382770) is a nonprofit organization based in Charlotte, TN, classified under NTEE code P85. The organization reported total revenue of $343K and total assets of $554K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Kinsman Redeemer Homeless Ministry's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Kinsman Redeemer Homeless Ministry is a small nonprofit that has been operating for 5 years, with 3 years of IRS 990 filings on record (2021–2023). Revenue has grown at a compound annual rate of 133.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $313K |
| Total Expenses | $44K |
| Surplus / Deficit | +$269K |
| Total Assets | $338K |
| Net Assets | $338K |
| Operating Margin | 86.0% |
| Months of Reserves | 92.8 months |
Financial Health Grade: A
In 2023, Kinsman Redeemer Homeless Ministry reported a surplus of $269K with revenue exceeding expenses, holds 92.8 months of operating reserves (strong position).
Financial Trends
Over 3 years of filings (2021–2023), Kinsman Redeemer Homeless Ministry's revenue has grown at a compound annual growth rate (CAGR) of 133.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +369.2% | +9.7% | +386.2% |
| 2022 | +15.9% | +172.2% | +62.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1700 |
| IRS Ruling Date | 2021 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Kinsman Redeemer Homeless Ministry 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 Kinsman Redeemer Homeless Ministry 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 $269K, with revenue exceeding expenses.
Frequently Asked Questions about Kinsman Redeemer Homeless Ministry
Is Kinsman Redeemer Homeless Ministry a legitimate charity?
Kinsman Redeemer Homeless Ministry (EIN: 854382770) is a registered tax-exempt nonprofit based in Tennessee. It has 3 years of IRS 990 filings on record. Total revenue: $343K. No red flags identified. Financial health grade: A.
How does Kinsman Redeemer Homeless Ministry spend its money?
Kinsman Redeemer Homeless Ministry reported $343K in total revenue in IRS 990 filings. 3 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Kinsman Redeemer Homeless Ministry tax-deductible?
Kinsman Redeemer Homeless Ministry is registered as a tax-exempt nonprofit (EIN: 854382770). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Kinsman Redeemer Homeless Ministry located?
Kinsman Redeemer Homeless Ministry is headquartered in Charlotte, Tennessee and files with the IRS under EIN 854382770. It is classified under NTEE code P85.
How many years of IRS 990 filings does Kinsman Redeemer Homeless Ministry have?
Kinsman Redeemer Homeless Ministry has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $343K in total revenue.
Filing History
IRS 990 filing history for Kinsman Redeemer Homeless Ministry showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2021–2023), Kinsman Redeemer Homeless Ministry's revenue has grown by 443.7%, moving from $57K to $313K. Total assets increased by 689.9% over the same period, from $43K to $338K. Total functional expenses rose by 198.8%, from $15K to $44K. In its most recent filing year (2023), Kinsman Redeemer Homeless Ministry reported a surplus of $269K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $313K | $44K | $338K | $0 | — | — |
| 2022 | $67K | $40K | $70K | $0 | — | View 990 |
| 2021 | $57K | $15K | $43K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $313K, expenses of $44K, and assets of $338K (revenue +369.2% year-over-year).
- 2022: Revenue of $67K, expenses of $40K, and assets of $70K (revenue +15.9% year-over-year).
- 2021: Revenue of $57K, expenses of $15K, and assets of $43K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Kinsman Redeemer Homeless Ministry:
Data Sources and Methodology
This transparency report for Kinsman Redeemer Homeless Ministry 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.