Mina Ministries Inc
Mina Ministries Inc. shows consistent asset growth and no reported officer compensation over a decade.
EIN: 204897104 · Raleigh, NC · NTEE: X20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $422K |
| Total Expenses | $375K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $421,559. |
| Net Assets | $388K |
| Transparency Score | 85/100 |
Is Mina Ministries Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Mina Ministries Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Mina Ministries Inc
Mina Ministries Inc (EIN: 204897104) is a nonprofit organization based in Raleigh, NC, classified under NTEE code X20. The organization reported total revenue of $422K and total assets of $399K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mina Ministries Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mina Ministries Inc is a small nonprofit that has been operating for 15 years, with 13 years of IRS 990 filings on record (2010–2022). Revenue has grown at a compound annual rate of 12.1%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $422K |
| Total Expenses | $375K |
| Surplus / Deficit | +$47K |
| Total Assets | $399K |
| Total Liabilities | $12K |
| Net Assets | $388K |
| Operating Margin | 11.0% |
| Debt-to-Asset Ratio | 2.9% |
| Months of Reserves | 12.8 months |
Financial Health Grade: A
In 2022, Mina Ministries Inc reported a surplus of $47K with revenue exceeding expenses, holds 12.8 months of operating reserves (strong position), has a debt-to-asset ratio of 2.9% (very low leverage).
Financial Trends
Over 13 years of filings (2010–2022), Mina Ministries Inc's revenue has grown at a compound annual growth rate (CAGR) of 12.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -16.2% | +25.8% | +14.7% |
| 2021 | +111.2% | +37.7% | +121.7% |
| 2020 | -15.6% | -17.4% | +32.0% |
| 2019 | +17.3% | -1.9% | +20.3% |
| 2018 | +10.6% | +17.4% | -20.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1270 |
| IRS Ruling Date | 2011 |
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 Mina Ministries 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Mina Ministries Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $47K, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.9%.
Executive Compensation Analysis
Mina Ministries Inc. consistently reports 0% officer compensation across all 13 available IRS 990 filings, indicating that executive leadership is either unpaid or compensated through non-officer categories, which is highly favorable for a nonprofit of its size with latest revenue of $421,559.
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 Mina Ministries Inc's IRS 990 filings:
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data, making precise efficiency analysis difficult.
Strengths
The following positive indicators were identified for Mina Ministries Inc:
- Consistent asset growth, from $56,505 in 2013 to $399,143 in 2022, demonstrating strong financial management.
- 0% reported officer compensation across all 13 filings, indicating a high dedication to mission over executive pay.
- Positive net income in most recent years (e.g., $46,570 in 2022 and $205,179 in 2021), contributing to financial stability.
- Low liabilities relative to assets ($11,581 liabilities vs. $399,143 assets in 2022), indicating a healthy balance sheet.
- Consistent IRS 990 filing history over 13 periods, showing good regulatory compliance and basic transparency.
Frequently Asked Questions about Mina Ministries Inc
Is Mina Ministries Inc a legitimate charity?
Mina Ministries Inc (EIN: 204897104) is a registered tax-exempt nonprofit based in North Carolina. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $422K. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does Mina Ministries Inc spend its money?
Mina Ministries Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Mina Ministries Inc tax-deductible?
Mina Ministries Inc is registered as a tax-exempt nonprofit (EIN: 204897104). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Mina Ministries Inc CEO make?
Mina Ministries Inc's highest-compensated officer earns $421,559. annually. The organization reported $422K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Mina Ministries Inc's spending goes to programs?
Mina Ministries Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Mina Ministries Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Mina Ministries Inc is above average for NTEE category X20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Mina Ministries Inc located?
Mina Ministries Inc is headquartered in Raleigh, North Carolina and files with the IRS under EIN 204897104. It is classified under NTEE code X20.
How many years of IRS 990 filings does Mina Ministries Inc have?
Mina 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 $422K in total revenue.
Is Mina Ministries Inc. a good charity?
Based on the available financial data, Mina Ministries Inc. appears to be a well-managed charity with strong financial health, consistent asset growth, and a notable commitment to minimizing executive compensation (0% reported officer compensation). Its consistent filing history also indicates good transparency.
How has Mina Ministries Inc.'s financial health changed over time?
Mina Ministries Inc. has shown significant financial growth, with assets increasing from $56,505 in 2013 to $399,143 in 2022. Revenue has fluctuated but generally trended upwards, reaching $421,559 in 2022, indicating a positive trajectory in its financial health.
What is the organization's approach to executive compensation?
The organization consistently reports 0% officer compensation in all 13 available IRS 990 filings, suggesting a strong commitment to directing funds towards its mission rather than executive salaries.
Filing History
IRS 990 filing history for Mina Ministries Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2010–2022), Mina Ministries Inc's revenue has grown by 294.7%, moving from $107K to $422K. Total assets increased by 2673.9% over the same period, from $14K to $399K. Total functional expenses rose by 242.5%, from $109K to $375K. In its most recent filing year (2022), Mina Ministries Inc reported a surplus of $47K, with revenue exceeding expenses. The organization holds $12K in liabilities against $399K in assets (debt-to-asset ratio: 2.9%), resulting in net assets of $388K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $422K | $375K | $399K | $12K | — | View 990 |
| 2021 | $503K | $298K | $348K | $7K | — | View 990 |
| 2020 | $238K | $217K | $157K | $21K | — | View 990 |
| 2019 | $282K | $262K | $119K | $5K | — | View 990 |
| 2018 | $241K | $267K | $99K | $5K | — | View 990 |
| 2017 | $218K | $228K | $125K | $4K | — | View 990 |
| 2016 | $287K | $221K | $135K | $4K | — | View 990 |
| 2015 | $204K | $200K | $73K | $7K | — | View 990 |
| 2014 | $214K | $207K | $65K | $4K | — | View 990 |
| 2013 | $215K | $175K | $57K | $3K | — | View 990 |
| 2012 | $130K | $123K | $27K | $13K | — | View 990 |
| 2011 | $114K | $110K | $19K | $11K | — | View 990 |
| 2010 | $107K | $109K | $14K | $11K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $422K, expenses of $375K, and assets of $399K (revenue -16.2% year-over-year).
- 2021: Revenue of $503K, expenses of $298K, and assets of $348K (revenue +111.2% year-over-year).
- 2020: Revenue of $238K, expenses of $217K, and assets of $157K (revenue -15.6% year-over-year).
- 2019: Revenue of $282K, expenses of $262K, and assets of $119K (revenue +17.3% year-over-year).
- 2018: Revenue of $241K, expenses of $267K, and assets of $99K (revenue +10.6% year-over-year).
- 2017: Revenue of $218K, expenses of $228K, and assets of $125K (revenue -24.1% year-over-year).
- 2016: Revenue of $287K, expenses of $221K, and assets of $135K (revenue +40.3% year-over-year).
- 2015: Revenue of $204K, expenses of $200K, and assets of $73K (revenue -4.5% year-over-year).
- 2014: Revenue of $214K, expenses of $207K, and assets of $65K (revenue -0.3% year-over-year).
- 2013: Revenue of $215K, expenses of $175K, and assets of $57K (revenue +65.2% year-over-year).
- 2012: Revenue of $130K, expenses of $123K, and assets of $27K (revenue +14.2% year-over-year).
- 2011: Revenue of $114K, expenses of $110K, and assets of $19K (revenue +6.6% year-over-year).
- 2010: Revenue of $107K, expenses of $109K, and assets of $14K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mina Ministries Inc:
Data Sources and Methodology
This transparency report for Mina 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.