Next Step Ministries Inc
EIN: 455448539 · Albuquerque, NM · NTEE: P85
| Metric | Value |
|---|---|
| Total Revenue | $179K |
| Total Expenses | $135K |
| Net Assets | $229K |
Is Next Step Ministries Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Next Step Ministries Inc
Next Step Ministries Inc (EIN: 455448539) is a nonprofit organization based in Albuquerque, NM, classified under NTEE code P85. The organization reported total revenue of $179K and total assets of $272K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Next Step Ministries Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Next Step Ministries Inc is a small nonprofit that has been operating for 13 years, with 5 years of IRS 990 filings on record (2019–2023). Revenue has grown at a compound annual rate of 28.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $211K |
| Total Expenses | $135K |
| Surplus / Deficit | +$76K |
| Total Assets | $229K |
| Net Assets | $229K |
| Operating Margin | 35.8% |
| Months of Reserves | 20.3 months |
Financial Health Grade: A
In 2023, Next Step Ministries Inc reported a surplus of $76K with revenue exceeding expenses, holds 20.3 months of operating reserves (strong position).
Financial Trends
Over 5 years of filings (2019–2023), Next Step Ministries Inc's revenue has grown at a compound annual growth rate (CAGR) of 28.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +47.0% | +44.7% | +49.3% |
| 2022 | +61.2% | -5.7% | +46.6% |
| 2021 | +5.6% | +50.8% | -17.9% |
| 2020 | +10.4% | +63.2% | +17.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2013 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Next Step Ministries Inc 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 Next Step Ministries Inc 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 $76K, with revenue exceeding expenses.
Frequently Asked Questions about Next Step Ministries Inc
Is Next Step Ministries Inc a legitimate charity?
Next Step Ministries Inc (EIN: 455448539) is a registered tax-exempt nonprofit based in New Mexico. It has 5 years of IRS 990 filings on record. Total revenue: $179K. No red flags identified. Financial health grade: A.
How does Next Step Ministries Inc spend its money?
Next Step Ministries Inc reported $179K in total revenue in IRS 990 filings. 5 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Next Step Ministries Inc tax-deductible?
Next Step Ministries Inc is registered as a tax-exempt nonprofit (EIN: 455448539). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Next Step Ministries Inc located?
Next Step Ministries Inc is headquartered in Albuquerque, New Mexico and files with the IRS under EIN 455448539. It is classified under NTEE code P85.
How many years of IRS 990 filings does Next Step Ministries Inc have?
Next Step Ministries Inc has 5 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 $179K in total revenue.
Filing History
IRS 990 filing history for Next Step Ministries Inc showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2019–2023), Next Step Ministries Inc's revenue has grown by 176.1%, moving from $76K to $211K. Total assets increased by 110.2% over the same period, from $109K to $229K. Total functional expenses rose by 235.6%, from $40K to $135K. In its most recent filing year (2023), Next Step Ministries Inc reported a surplus of $76K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $211K | $135K | $229K | $0 | — | View 990 |
| 2022 | $144K | $94K | $154K | $0 | — | View 990 |
| 2021 | $89K | $99K | $105K | $0 | — | — |
| 2020 | $84K | $66K | $128K | $0 | — | View 990 |
| 2019 | $76K | $40K | $109K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $211K, expenses of $135K, and assets of $229K (revenue +47.0% year-over-year).
- 2022: Revenue of $144K, expenses of $94K, and assets of $154K (revenue +61.2% year-over-year).
- 2021: Revenue of $89K, expenses of $99K, and assets of $105K (revenue +5.6% year-over-year).
- 2020: Revenue of $84K, expenses of $66K, and assets of $128K (revenue +10.4% year-over-year).
- 2019: Revenue of $76K, expenses of $40K, and assets of $109K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Next Step Ministries Inc:
Data Sources and Methodology
This transparency report for Next Step 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.