Masters Heart Ministries
EIN: 261725164 · West Fargo, ND
| Metric | Value |
|---|---|
| Total Expenses | $399K |
| Net Assets | $146K |
Is Masters Heart Ministries Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Masters Heart Ministries
Masters Heart Ministries (EIN: 261725164) is a nonprofit organization based in West Fargo, ND. The organization reported total revenue of $0 and total assets of $1 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Masters Heart Ministries's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Masters Heart Ministries is a small nonprofit that has been operating for 18 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 12.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $418K |
| Total Expenses | $399K |
| Surplus / Deficit | +$19K |
| Total Assets | $146K |
| Net Assets | $146K |
| Operating Margin | 4.6% |
| Months of Reserves | 4.4 months |
Financial Health Grade: A
In 2023, Masters Heart Ministries reported a surplus of $19K with revenue exceeding expenses, holds 4.4 months of operating reserves (adequate).
Financial Trends
Over 13 years of filings (2011–2023), Masters Heart Ministries's revenue has grown at a compound annual growth rate (CAGR) of 12.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -13.6% | -11.7% | +15.2% |
| 2022 | +72.5% | +56.1% | +34.1% |
| 2021 | -19.6% | +0.2% | -8.6% |
| 2020 | +27.2% | -7.0% | +140.4% |
| 2019 | +27.1% | +39.4% | -45.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2008 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Masters Heart Ministries 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 Masters Heart Ministries 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 $19K, with revenue exceeding expenses.
Frequently Asked Questions about Masters Heart Ministries
Is Masters Heart Ministries a legitimate charity?
Masters Heart Ministries (EIN: 261725164) is a registered tax-exempt nonprofit based in North Dakota. It has 13 years of IRS 990 filings on record. No red flags identified. Financial health grade: A.
How does Masters Heart Ministries spend its money?
Masters Heart Ministries reported its financials in IRS 990 filings. 13 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Masters Heart Ministries tax-deductible?
Masters Heart Ministries is registered as a tax-exempt nonprofit (EIN: 261725164). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Masters Heart Ministries located?
Masters Heart Ministries is headquartered in West Fargo, North Dakota and files with the IRS under EIN 261725164.
How many years of IRS 990 filings does Masters Heart Ministries have?
Masters Heart Ministries 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.
Filing History
IRS 990 filing history for Masters Heart Ministries showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Masters Heart Ministries's revenue has grown by 301%, moving from $104K to $418K. Total assets increased by 340.9% over the same period, from $33K to $146K. Total functional expenses rose by 319.5%, from $95K to $399K. In its most recent filing year (2023), Masters Heart Ministries reported a surplus of $19K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $418K | $399K | $146K | $0 | — | — |
| 2022 | $483K | $451K | $126K | $0 | — | View 990 |
| 2021 | $280K | $289K | $94K | $0 | — | View 990 |
| 2020 | $349K | $288K | $103K | $0 | — | View 990 |
| 2019 | $274K | $310K | $43K | $0 | — | View 990 |
| 2018 | $216K | $223K | $79K | $0 | — | View 990 |
| 2017 | $250K | $250K | $86K | $0 | — | View 990 |
| 2016 | $237K | $285K | $63K | $0 | — | View 990 |
| 2015 | $356K | $359K | $116K | $463 | — | View 990 |
| 2014 | $309K | $150K | $242K | $0 | — | View 990 |
| 2013 | $189K | $131K | $83K | $0 | — | View 990 |
| 2012 | $189K | $197K | $25K | $0 | — | View 990 |
| 2011 | $104K | $95K | $33K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $418K, expenses of $399K, and assets of $146K (revenue -13.6% year-over-year).
- 2022: Revenue of $483K, expenses of $451K, and assets of $126K (revenue +72.5% year-over-year).
- 2021: Revenue of $280K, expenses of $289K, and assets of $94K (revenue -19.6% year-over-year).
- 2020: Revenue of $349K, expenses of $288K, and assets of $103K (revenue +27.2% year-over-year).
- 2019: Revenue of $274K, expenses of $310K, and assets of $43K (revenue +27.1% year-over-year).
- 2018: Revenue of $216K, expenses of $223K, and assets of $79K (revenue -13.7% year-over-year).
- 2017: Revenue of $250K, expenses of $250K, and assets of $86K (revenue +5.3% year-over-year).
- 2016: Revenue of $237K, expenses of $285K, and assets of $63K (revenue -33.3% year-over-year).
- 2015: Revenue of $356K, expenses of $359K, and assets of $116K (revenue +15.2% year-over-year).
- 2014: Revenue of $309K, expenses of $150K, and assets of $242K (revenue +63.1% year-over-year).
- 2013: Revenue of $189K, expenses of $131K, and assets of $83K (revenue +0.4% year-over-year).
- 2012: Revenue of $189K, expenses of $197K, and assets of $25K (revenue +81.1% year-over-year).
- 2011: Revenue of $104K, expenses of $95K, and assets of $33K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Masters Heart Ministries:
Data Sources and Methodology
This transparency report for Masters Heart Ministries 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.