Nathan Smith Ministries

Nathan Smith Ministries shows consistent asset growth and low liabilities, with fluctuating revenue and no reported officer compensation.

EIN: 141905226 · Belmont, NC · NTEE: X21 · Updated: 2026-03-28

$645KRevenue

$504KAssets

75/100Mission Score (Good)

X21

About Nathan Smith Ministries

Nathan Smith Ministries (EIN: 141905226) is a nonprofit organization based in Belmont, NC, classified under NTEE code X21. The organization reported total revenue of $645K and total assets of $504K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Nathan Smith Ministries's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Nathan Smith Ministries demonstrates a generally stable financial position, with assets growing consistently over the past decade, from $44,735 in 2011 to $724,656 in 2023. The organization's revenue has fluctuated, peaking at $1,409,639 in 2018 and settling at $867,621 in 2023. Expenses have largely tracked revenue, indicating a consistent operational scale. The organization's liabilities remain very low, at $13,271 in 2023, suggesting good financial management and minimal debt burden.

While specific program spending details are not provided in the summary data, the consistent positive net income (revenue exceeding expenses) across most years, such as $70,292 in 2023, allows for asset growth and operational stability. The absence of reported officer compensation is a notable aspect of its financial structure, contributing to lower administrative overhead. However, without a detailed breakdown of expenses into program, administrative, and fundraising categories, a precise assessment of spending efficiency is challenging.

For transparency, the consistent filing of IRS Form 990s over a decade is a positive indicator. To further enhance transparency, the organization could provide more detailed public information regarding its program activities and how its expenses are allocated across its mission-related work versus administrative and fundraising efforts. The low liabilities and consistent asset growth suggest a financially prudent operation, but a clearer picture of expense allocation would strengthen the assessment of its overall efficiency and impact.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Nathan Smith 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: 15%
programs: 80%
fundraising: 5%

According to IRS 990 filings, Nathan Smith Ministries 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.

Executive Compensation Analysis

Nathan Smith Ministries reports 0% officer compensation across all available filings, indicating that no salaries or other compensation were paid to officers, directors, or trustees. This is highly unusual for an organization of its size, with revenues reaching over $1.4 million in some years, and suggests either a volunteer-led executive team or compensation being reported in other expense categories.

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 Nathan Smith Ministries's IRS 990 filings:

Lack of reported officer compensation, which is unusual for an organization of this size and could indicate a lack of transparency in compensation reporting or an unsustainable reliance on volunteer leadership.
Absence of detailed expense breakdown (program, admin, fundraising) in the provided data, making it difficult to fully assess spending efficiency.

Strengths

The following positive indicators were identified for Nathan Smith Ministries:

Consistent asset growth, from $44,735 in 2011 to $724,656 in 2023, indicating financial stability and prudent management.
Very low liabilities, with only $13,271 in 2023, suggesting minimal debt and strong financial health.
Consistent positive net income (revenue exceeding expenses) in most years, allowing for reinvestment and growth.
Long history of IRS 990 filings (10 filings), demonstrating a commitment to regulatory compliance and basic transparency.

Frequently Asked Questions about Nathan Smith Ministries

How does Nathan Smith Ministries manage to operate without reporting any officer compensation?

The filings consistently show 0% officer compensation. This could mean that executive leadership is entirely volunteer-based, or that compensation is categorized differently within the expense structure, such as under general salaries or contractor fees, rather than specifically as officer compensation.

What are the specific programs Nathan Smith Ministries funds with its revenue?

The provided data does not detail specific programs. To understand the impact and effectiveness of its spending, more information on its mission-related activities and how expenses are allocated to these programs would be necessary.

Why did Nathan Smith Ministries' revenue decline from $1.4 million in 2018 to $867,621 in 2023?

Revenue has fluctuated over the years, peaking in 2018 and 2019. The decline to $867,621 in 2023 could be due to various factors such as changes in donor contributions, grant funding, or economic conditions. Further analysis of their fundraising strategies and external factors would be needed to understand this trend.

Filing History

IRS 990 filing history for Nathan Smith Ministries showing financial trends over 10 years of public records:

Over 10 years of IRS 990 filings (2011–2023), Nathan Smith Ministries's revenue has grown by 242.1%, moving from $254K to $868K. Total assets increased by 1519.9% over the same period, from $45K to $725K. Total functional expenses rose by 240.6%, from $234K to $797K. In its most recent filing year (2023), Nathan Smith Ministries reported a surplus of $70K, with revenue exceeding expenses. The organization holds $13K in liabilities against $725K in assets (debt-to-asset ratio: 1.8%), resulting in net assets of $711K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$868K	$797K	$725K	$13K	—	View 990
2019	$1.3M	$1.3M	$426K	$7K	—	View 990
2018	$1.4M	$1.3M	$414K	$2K	—	View 990
2017	$874K	$853K	$301K	$9K	—	View 990
2016	$740K	$737K	$262K	$3K	—	View 990
2015	$691K	$650K	$234K	$0	—	View 990
2014	$780K	$713K	$193K	$0	—	View 990
2013	$507K	$463K	$146K	$0	—	View 990
2012	$451K	$409K	$91K	$0	—	View 990
2011	$254K	$234K	$45K	$0	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $868K, expenses of $797K, and assets of $725K (revenue -32.3% year-over-year).
2019: Revenue of $1.3M, expenses of $1.3M, and assets of $426K (revenue -9.1% year-over-year).
2018: Revenue of $1.4M, expenses of $1.3M, and assets of $414K (revenue +61.3% year-over-year).
2017: Revenue of $874K, expenses of $853K, and assets of $301K (revenue +18.1% year-over-year).
2016: Revenue of $740K, expenses of $737K, and assets of $262K (revenue +7.1% year-over-year).
2015: Revenue of $691K, expenses of $650K, and assets of $234K (revenue -11.3% year-over-year).
2014: Revenue of $780K, expenses of $713K, and assets of $193K (revenue +53.7% year-over-year).
2013: Revenue of $507K, expenses of $463K, and assets of $146K (revenue +12.5% year-over-year).
2012: Revenue of $451K, expenses of $409K, and assets of $91K (revenue +77.8% year-over-year).
2011: Revenue of $254K, expenses of $234K, and assets of $45K.

Data Sources and Methodology

This transparency report for Nathan Smith 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.