Mark Gray Music Ministry Inc
Mark Gray Music Ministry Inc. consistently operates with modest revenues and expenses, showing steady asset growth and no officer compensation.
EIN: 202151779 · Ash Flat, AR · NTEE: X21 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $67K |
| Total Expenses | $85K |
| Program Spending | 85% |
| Net Assets | $20K |
| Transparency Score | 85/100 |
Is Mark Gray Music Ministry Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Mark Gray Music Ministry Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Mark Gray Music Ministry Inc
Mark Gray Music Ministry Inc (EIN: 202151779) is a nonprofit organization based in Ash Flat, AR, classified under NTEE code X21. The organization reported total revenue of $67K and total assets of $38K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mark Gray Music Ministry Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mark Gray Music Ministry Inc is a micro nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $86K |
| Total Expenses | $85K |
| Surplus / Deficit | +$2K |
| Total Assets | $45K |
| Total Liabilities | $25K |
| Net Assets | $20K |
| Operating Margin | 1.8% |
| Debt-to-Asset Ratio | 55.9% |
| Months of Reserves | 6.4 months |
Financial Health Grade: A
In 2023, Mark Gray Music Ministry Inc reported a surplus of $2K with revenue exceeding expenses, holds 6.4 months of operating reserves (strong position), has a debt-to-asset ratio of 55.9% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Mark Gray Music Ministry Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +6.9% | +17.4% | +3.7% |
| 2022 | +17.7% | +8.7% | +24.8% |
| 2021 | -10.1% | +2.2% | +6.7% |
| 2020 | +16.0% | -7.3% | +53.4% |
| 2019 | -9.7% | +0.0% | -17.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 2005 |
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 Mark Gray Music Ministry 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: 85%
- fundraising: 5%
According to IRS 990 filings, Mark Gray Music Ministry Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $2K, with revenue exceeding expenses.
- Debt-to-asset ratio: 55.9%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers or directors receive salaries from the organization, which is highly commendable for an organization 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 Mark Gray Music Ministry Inc's IRS 990 filings:
- Liabilities consistently around $25,000, which is a significant portion of total assets in some years (e.g., 2019 assets $21,144 vs. liabilities $25,019).
Strengths
The following positive indicators were identified for Mark Gray Music Ministry Inc:
- Consistent positive net income in most recent years (e.g., 2023 revenue $86,109 vs. expenses $84,518).
- Steady growth in assets from $6,865 in 2014 to $44,754 in 2023.
- 0% officer compensation reported across all filings, indicating strong dedication to mission.
- Consistent filing of IRS Form 990s over 13 periods, demonstrating transparency and compliance.
- Expenses closely track revenues, suggesting efficient use of funds for current operations.
Frequently Asked Questions about Mark Gray Music Ministry Inc
Is Mark Gray Music Ministry Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Mark Gray Music Ministry Inc (EIN: 202151779) some concerns. Mission Score: 85/100. 1 red flag identified, 5 strengths noted.
How does Mark Gray Music Ministry Inc spend its money?
Mark Gray Music Ministry Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Mark Gray Music Ministry Inc tax-deductible?
Mark Gray Music Ministry Inc is registered as a tax-exempt nonprofit (EIN: 202151779). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Mark Gray Music Ministry Inc's spending goes to programs?
Mark Gray Music Ministry Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Mark Gray Music Ministry Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Mark Gray Music Ministry 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 Mark Gray Music Ministry Inc located?
Mark Gray Music Ministry Inc is headquartered in Ash Flat, Arkansas and files with the IRS under EIN 202151779. It is classified under NTEE code X21.
How many years of IRS 990 filings does Mark Gray Music Ministry Inc have?
Mark Gray Music Ministry 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 $67K in total revenue.
Is Mark Gray Music Ministry Inc. financially stable?
Yes, the organization appears financially stable, consistently generating revenues to cover expenses and showing steady asset growth from $6,865 in 2014 to $44,754 in 2023, while maintaining stable liabilities.
How does Mark Gray Music Ministry Inc. manage its executive compensation?
Mark Gray Music Ministry Inc. reports 0% officer compensation in all available filings, meaning no salaries are paid to its executives, which is a strong indicator of mission-focused spending.
Has the organization's financial health improved over the last decade?
Yes, the organization's financial health has improved, evidenced by a significant increase in assets from $6,865 in 2014 to $44,754 in 2023, alongside consistent revenue generation and expense management.
Filing History
IRS 990 filing history for Mark Gray Music Ministry Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Mark Gray Music Ministry Inc's revenue has grown by 1.6%, moving from $85K to $86K. Total assets increased by 89.1% over the same period, from $24K to $45K. Total functional expenses rose by 7.1%, from $79K to $85K. In its most recent filing year (2023), Mark Gray Music Ministry Inc reported a surplus of $2K, with revenue exceeding expenses. The organization holds $25K in liabilities against $45K in assets (debt-to-asset ratio: 55.9%), resulting in net assets of $20K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $86K | $85K | $45K | $25K | — | — |
| 2022 | $81K | $72K | $43K | $25K | — | View 990 |
| 2021 | $68K | $66K | $35K | $25K | — | View 990 |
| 2020 | $76K | $65K | $32K | $25K | — | View 990 |
| 2019 | $66K | $70K | $21K | $25K | — | View 990 |
| 2018 | $73K | $70K | $26K | $25K | — | View 990 |
| 2017 | $73K | $77K | $23K | $25K | — | View 990 |
| 2016 | $77K | $61K | $26K | $25K | — | View 990 |
| 2015 | $77K | $64K | $12K | $27K | — | View 990 |
| 2014 | $93K | $141K | $7K | $36K | — | View 990 |
| 2013 | $83K | $88K | $18K | $0 | — | View 990 |
| 2012 | $83K | $97K | $172K | $0 | — | View 990 |
| 2011 | $85K | $79K | $24K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $86K, expenses of $85K, and assets of $45K (revenue +6.9% year-over-year).
- 2022: Revenue of $81K, expenses of $72K, and assets of $43K (revenue +17.7% year-over-year).
- 2021: Revenue of $68K, expenses of $66K, and assets of $35K (revenue -10.1% year-over-year).
- 2020: Revenue of $76K, expenses of $65K, and assets of $32K (revenue +16.0% year-over-year).
- 2019: Revenue of $66K, expenses of $70K, and assets of $21K (revenue -9.7% year-over-year).
- 2018: Revenue of $73K, expenses of $70K, and assets of $26K (revenue -1.0% year-over-year).
- 2017: Revenue of $73K, expenses of $77K, and assets of $23K (revenue -5.1% year-over-year).
- 2016: Revenue of $77K, expenses of $61K, and assets of $26K (revenue +0.4% year-over-year).
- 2015: Revenue of $77K, expenses of $64K, and assets of $12K (revenue -17.2% year-over-year).
- 2014: Revenue of $93K, expenses of $141K, and assets of $7K (revenue +12.7% year-over-year).
- 2013: Revenue of $83K, expenses of $88K, and assets of $18K (revenue -0.9% year-over-year).
- 2012: Revenue of $83K, expenses of $97K, and assets of $172K (revenue -1.6% year-over-year).
- 2011: Revenue of $85K, expenses of $79K, and assets of $24K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mark Gray Music Ministry Inc:
Data Sources and Methodology
This transparency report for Mark Gray Music Ministry 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.