Miracles Of Faith Ministries
Miracles Of Faith Ministries reports a $17,781 deficit in 2023 after a surplus in 2022, with no officer compensation.
EIN: 208180341 · Mc Cool, MS · NTEE: P60 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $95K |
| Program Spending | 85% |
| Net Assets | $10K |
| Transparency Score | 75/100 |
Is Miracles Of Faith Ministries Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Miracles Of Faith Ministries directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Miracles Of Faith Ministries
Miracles Of Faith Ministries (EIN: 208180341) is a nonprofit organization based in Mc Cool, MS, classified under NTEE code P60. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Miracles Of Faith Ministries's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Miracles Of Faith Ministries is a micro nonprofit that has been operating for 19 years, with 3 years of IRS 990 filings on record (2014–2023). Revenue has grown at a compound annual rate of -1.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $77K |
| Total Expenses | $95K |
| Surplus / Deficit | $-17,781 |
| Total Assets | $13K |
| Total Liabilities | $2K |
| Net Assets | $10K |
| Operating Margin | -23.0% |
| Debt-to-Asset Ratio | 18.8% |
| Months of Reserves | 1.6 months |
Financial Health Grade: C
In 2023, Miracles Of Faith Ministries reported a deficit of $18K with expenses exceeding revenue, holds 1.6 months of operating reserves (limited), has a debt-to-asset ratio of 18.8% (very low leverage).
Financial Trends
Over 3 years of filings (2014–2023), Miracles Of Faith Ministries's revenue has declined at a compound annual growth rate (CAGR) of -1.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +38.9% | +75.9% | -56.7% |
| 2022 | -39.5% | -38.3% | +442.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Miracles Of Faith Ministries with a Mission Score of 75 out of 100 (Good). 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, Miracles Of Faith Ministries 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 deficit of $18K, with expenses exceeding revenue.
- Debt-to-asset ratio: 18.8%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating a volunteer-led organization or one with no paid officers, which is highly efficient for an organization of this 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 Miracles Of Faith Ministries's IRS 990 filings:
- Operating at a deficit in the latest fiscal year (2023 expenses exceeded revenue by $17,781)
- Fluctuating revenue and asset levels over time, indicating potential financial unpredictability.
Strengths
The following positive indicators were identified for Miracles Of Faith Ministries:
- Zero reported officer compensation across all filings, indicating high efficiency in leadership costs.
- Relatively low liabilities ($2,426 in 2023) compared to assets.
- Consistent filing of IRS Form 990s, demonstrating transparency.
Frequently Asked Questions about Miracles Of Faith Ministries
Is Miracles Of Faith Ministries a legitimate charity?
Based on AI analysis of IRS 990 filings, Miracles Of Faith Ministries (EIN: 208180341) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Miracles Of Faith Ministries spend its money?
Miracles Of Faith Ministries directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Miracles Of Faith Ministries tax-deductible?
Miracles Of Faith Ministries is registered as a tax-exempt nonprofit (EIN: 208180341). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Miracles Of Faith Ministries's spending goes to programs?
Miracles Of Faith Ministries directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Miracles Of Faith Ministries compare to similar nonprofits?
With a transparency score of 75/100 (Good), Miracles Of Faith Ministries is above average for NTEE category P60 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Miracles Of Faith Ministries located?
Miracles Of Faith Ministries is headquartered in Mc Cool, Mississippi and files with the IRS under EIN 208180341. It is classified under NTEE code P60.
How many years of IRS 990 filings does Miracles Of Faith Ministries have?
Miracles Of Faith Ministries has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data.
Is Miracles Of Faith Ministries financially stable?
The organization experienced a deficit of $17,781 in 2023 ($77,240 revenue vs. $95,021 expenses) after a surplus in 2022, indicating some year-to-year instability. However, its liabilities are low ($2,426 in 2023).
How much of its budget goes to executive salaries?
Miracles Of Faith Ministries reported 0% officer compensation in all available filings (2023, 2022, 2014), suggesting a volunteer-led structure or no paid executives.
What is the trend in the organization's assets?
Assets have fluctuated, from $5,494 in 2014 to $29,817 in 2022, then decreasing to $12,917 in 2023.
Filing History
IRS 990 filing history for Miracles Of Faith Ministries showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2014–2023), Miracles Of Faith Ministries's revenue has declined by 15.9%, moving from $92K to $77K. Total assets increased by 135.1% over the same period, from $5K to $13K. Total functional expenses rose by 8.6%, from $87K to $95K. In its most recent filing year (2023), Miracles Of Faith Ministries reported a deficit of $18K, with expenses exceeding revenue. The organization holds $2K in liabilities against $13K in assets (debt-to-asset ratio: 18.8%), resulting in net assets of $10K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $77K | $95K | $13K | $2K | — | — |
| 2022 | $56K | $54K | $30K | $2K | — | View 990 |
| 2014 | $92K | $87K | $5K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $77K, expenses of $95K, and assets of $13K (revenue +38.9% year-over-year).
- 2022: Revenue of $56K, expenses of $54K, and assets of $30K (revenue -39.5% year-over-year).
- 2014: Revenue of $92K, expenses of $87K, and assets of $5K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Miracles Of Faith Ministries:
Data Sources and Methodology
This transparency report for Miracles Of Faith 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.