Nora Lam Ministries
EIN: 237418355 · San Jose, CA · NTEE: X21
Is Nora Lam Ministries Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Nora Lam Ministries
Nora Lam Ministries (EIN: 237418355) is a nonprofit organization based in San Jose, CA, classified under NTEE code X21. 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 Nora Lam Ministries's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Nora Lam Ministries is a mid-size nonprofit that has been operating for 7 years, with 9 years of IRS 990 filings on record (2011–2018). Revenue has grown at a compound annual rate of 6.8%.
Key Financial Metrics (2018)
From the most recent IRS 990 filing on record:
| Total Revenue | $7.9M |
| Total Expenses | $7.8M |
| Surplus / Deficit | +$77K |
| Total Assets | $148K |
| Total Liabilities | $788K |
| Net Assets | $-639,966 |
| Operating Margin | 1.0% |
| Debt-to-Asset Ratio | 531.8% |
| Months of Reserves | 0.2 months |
Financial Health Grade: B
In 2018, Nora Lam Ministries reported a surplus of $77K with revenue exceeding expenses, holds 0.2 months of operating reserves (limited), has a debt-to-asset ratio of 531.8% (high leverage).
Financial Trends
Over 9 years of filings (2011–2018), Nora Lam Ministries's revenue has grown at a compound annual growth rate (CAGR) of 6.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2018 | -8.1% | -9.1% | +10.2% |
| 2017 | +11.4% | +13.2% | -23.9% |
| 2016 | +16.1% | +19.0% | -23.6% |
| 2015 | +6.5% | +0.6% | +6.6% |
| 2014 | +0.0% | +0.0% | +0.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 2019 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Nora Lam Ministries 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 Nora Lam Ministries 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 (2018)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $77K, with revenue exceeding expenses.
- Debt-to-asset ratio: 531.8%.
Frequently Asked Questions about Nora Lam Ministries
Is Nora Lam Ministries a legitimate charity?
Based on AI analysis of IRS 990 filings, Nora Lam Ministries (EIN: 237418355) insufficient data. 0 red flags identified, 0 strengths noted.
How does Nora Lam Ministries spend its money?
Detailed spending breakdown data is not yet available for Nora Lam Ministries. Check back for updated IRS 990 analysis.
Are donations to Nora Lam Ministries tax-deductible?
Nora Lam Ministries is registered as a tax-exempt nonprofit (EIN: 237418355). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Nora Lam Ministries showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2011–2018), Nora Lam Ministries's revenue has grown by 59%, moving from $5.0M to $7.9M. Total assets decreased by 62.4% over the same period, from $394K to $148K. Total functional expenses rose by 61.4%, from $4.8M to $7.8M. In its most recent filing year (2018), Nora Lam Ministries reported a surplus of $77K, with revenue exceeding expenses. The organization holds $788K in liabilities against $148K in assets (debt-to-asset ratio: 531.8%), resulting in net assets of $-639,966.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2018 | $7.9M | $7.8M | $148K | $788K | — | View 990 |
| 2017 | $8.6M | $8.6M | $134K | $859K | — | View 990 |
| 2016 | $7.7M | $7.6M | $177K | $892K | — | View 990 |
| 2015 | $6.6M | $6.4M | $231K | $1.1M | — | View 990 |
| 2014 | $6.2M | $6.3M | $217K | $1.3M | — | — |
| 2014 | $6.2M | $6.3M | $217K | $1.3M | — | View 990 |
| 2013 | $4.7M | $4.6M | $268K | $1.2M | — | View 990 |
| 2012 | $3.4M | $3.2M | $338K | $1.4M | — | View 990 |
| 2011 | $5.0M | $4.8M | $394K | $1.5M | — | View 990 |
Year-by-Year Financial Summary
- 2018: Revenue of $7.9M, expenses of $7.8M, and assets of $148K (revenue -8.1% year-over-year).
- 2017: Revenue of $8.6M, expenses of $8.6M, and assets of $134K (revenue +11.4% year-over-year).
- 2016: Revenue of $7.7M, expenses of $7.6M, and assets of $177K (revenue +16.1% year-over-year).
- 2015: Revenue of $6.6M, expenses of $6.4M, and assets of $231K (revenue +6.5% year-over-year).
- 2014: Revenue of $6.2M, expenses of $6.3M, and assets of $217K (revenue +0.0% year-over-year).
- 2014: Revenue of $6.2M, expenses of $6.3M, and assets of $217K (revenue +34.0% year-over-year).
- 2013: Revenue of $4.7M, expenses of $4.6M, and assets of $268K (revenue +38.4% year-over-year).
- 2012: Revenue of $3.4M, expenses of $3.2M, and assets of $338K (revenue -32.3% year-over-year).
- 2011: Revenue of $5.0M, expenses of $4.8M, and assets of $394K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Nora Lam Ministries:
Data Sources and Methodology
This transparency report for Nora Lam 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.