Ministering Circle Of Wilmington N C
EIN: 581479685 · Wilmington, NC
| Metric | Value |
|---|---|
| Total Revenue | $411K |
| Total Expenses | $138K |
| Net Assets | $1.6M |
Is Ministering Circle Of Wilmington N C Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Ministering Circle Of Wilmington N C
Ministering Circle Of Wilmington N C (EIN: 581479685) is a nonprofit organization based in Wilmington, NC. The organization reported total revenue of $411K and total assets of $1.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ministering Circle Of Wilmington N C's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ministering Circle Of Wilmington N C is a small nonprofit that has been operating for 77 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $115K |
| Total Expenses | $138K |
| Surplus / Deficit | $-22,637 |
| Total Assets | $1.6M |
| Net Assets | $1.6M |
| Operating Margin | -19.6% |
| Months of Reserves | 141.2 months |
Financial Health Grade: B
In 2023, Ministering Circle Of Wilmington N C reported a deficit of $23K with expenses exceeding revenue, holds 141.2 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Ministering Circle Of Wilmington N C's revenue has grown at a compound annual growth rate (CAGR) of 6.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -42.9% | -43.0% | +9.9% |
| 2022 | +13.9% | +53.8% | -20.8% |
| 2021 | +12.0% | +9.2% | +6.4% |
| 2020 | +6.2% | -20.9% | +8.4% |
| 2019 | +9.9% | +60.4% | +10.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1949 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Ministering Circle Of Wilmington N C 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 Ministering Circle Of Wilmington N C 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 deficit of $23K, with expenses exceeding revenue.
Frequently Asked Questions about Ministering Circle Of Wilmington N C
Is Ministering Circle Of Wilmington N C a legitimate charity?
Ministering Circle Of Wilmington N C (EIN: 581479685) is a registered tax-exempt nonprofit based in North Carolina. It has 13 years of IRS 990 filings on record. Total revenue: $411K. No red flags identified. Financial health grade: B.
How does Ministering Circle Of Wilmington N C spend its money?
Ministering Circle Of Wilmington N C reported $411K in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Ministering Circle Of Wilmington N C tax-deductible?
Ministering Circle Of Wilmington N C is registered as a tax-exempt nonprofit (EIN: 581479685). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Ministering Circle Of Wilmington N C located?
Ministering Circle Of Wilmington N C is headquartered in Wilmington, North Carolina and files with the IRS under EIN 581479685.
How many years of IRS 990 filings does Ministering Circle Of Wilmington N C have?
Ministering Circle Of Wilmington N C 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 $411K in total revenue.
Filing History
IRS 990 filing history for Ministering Circle Of Wilmington N C showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Ministering Circle Of Wilmington N C's revenue has grown by 120.1%, moving from $52K to $115K. Total assets increased by 36.3% over the same period, from $1.2M to $1.6M. Total functional expenses rose by 85.9%, from $74K to $138K. In its most recent filing year (2023), Ministering Circle Of Wilmington N C reported a deficit of $23K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $115K | $138K | $1.6M | $0 | — | View 990 |
| 2022 | $202K | $242K | $1.5M | $0 | — | View 990 |
| 2021 | $177K | $157K | $1.9M | $0 | — | — |
| 2020 | $158K | $144K | $1.8M | $0 | — | View 990 |
| 2019 | $149K | $182K | $1.6M | $0 | — | View 990 |
| 2018 | $135K | $114K | $1.5M | $0 | — | View 990 |
| 2017 | $166K | $131K | $1.6M | $0 | — | View 990 |
| 2016 | $158K | $112K | $1.4M | $0 | — | View 990 |
| 2015 | $160K | $104K | $1.4M | $0 | — | View 990 |
| 2014 | $152K | $138K | $1.4M | $0 | — | View 990 |
| 2013 | $160K | $104K | $1.4M | $0 | — | View 990 |
| 2012 | $113K | $73K | $1.3M | $0 | — | View 990 |
| 2011 | $52K | $74K | $1.2M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $115K, expenses of $138K, and assets of $1.6M (revenue -42.9% year-over-year).
- 2022: Revenue of $202K, expenses of $242K, and assets of $1.5M (revenue +13.9% year-over-year).
- 2021: Revenue of $177K, expenses of $157K, and assets of $1.9M (revenue +12.0% year-over-year).
- 2020: Revenue of $158K, expenses of $144K, and assets of $1.8M (revenue +6.2% year-over-year).
- 2019: Revenue of $149K, expenses of $182K, and assets of $1.6M (revenue +9.9% year-over-year).
- 2018: Revenue of $135K, expenses of $114K, and assets of $1.5M (revenue -18.3% year-over-year).
- 2017: Revenue of $166K, expenses of $131K, and assets of $1.6M (revenue +5.1% year-over-year).
- 2016: Revenue of $158K, expenses of $112K, and assets of $1.4M (revenue -1.5% year-over-year).
- 2015: Revenue of $160K, expenses of $104K, and assets of $1.4M (revenue +5.3% year-over-year).
- 2014: Revenue of $152K, expenses of $138K, and assets of $1.4M (revenue -4.7% year-over-year).
- 2013: Revenue of $160K, expenses of $104K, and assets of $1.4M (revenue +41.5% year-over-year).
- 2012: Revenue of $113K, expenses of $73K, and assets of $1.3M (revenue +115.6% year-over-year).
- 2011: Revenue of $52K, expenses of $74K, and assets of $1.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ministering Circle Of Wilmington N C:
Data Sources and Methodology
This transparency report for Ministering Circle Of Wilmington N C 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.