Our Mims Retirement Haven Inc
Our Mims Retirement Haven Inc consistently operates with balanced budgets and no executive compensation.
EIN: 205381313 · Paris, KY · NTEE: D20 · Updated: 2026-03-28
Is Our Mims Retirement Haven Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Our Mims Retirement Haven Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Our Mims Retirement Haven Inc
Our Mims Retirement Haven Inc (EIN: 205381313) is a nonprofit organization based in Paris, KY, classified under NTEE code D20. The organization reported total revenue of $137K and total assets of $137K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Our Mims Retirement Haven Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Our Mims Retirement Haven Inc with a Mission Score of 95 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Our Mims Retirement Haven Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers receive salaries from the organization, which is highly commendable for an organization of its size with annual revenues around $130,000-$160,000.
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.
Strengths
The following positive indicators were identified for Our Mims Retirement Haven Inc:
- Consistent balanced budget, with expenses closely matching revenue (e.g., 2023: Revenue=$133,362, Expenses=$133,048).
- Zero officer compensation reported across all filings, ensuring funds are directed to the mission.
- No reported liabilities in any filing period, indicating strong financial health and no debt.
- Healthy asset base relative to its size, with assets of $144,698 in 2023.
- Excellent transparency with 14 years of consistent IRS 990 filings.
Frequently Asked Questions about Our Mims Retirement Haven Inc
Is Our Mims Retirement Haven Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Our Mims Retirement Haven Inc (EIN: 205381313) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Our Mims Retirement Haven Inc spend its money?
Our Mims Retirement Haven Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Our Mims Retirement Haven Inc tax-deductible?
Our Mims Retirement Haven Inc is registered as a tax-exempt nonprofit (EIN: 205381313). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Our Mims Retirement Haven Inc a good charity?
Yes, Our Mims Retirement Haven Inc appears to be a very good charity. It consistently operates with a balanced budget, has no reported liabilities, and impressively reports 0% officer compensation, meaning all funds go directly to its mission.
How does Our Mims Retirement Haven Inc manage its finances?
The organization manages its finances very conservatively and efficiently. It consistently keeps expenses in line with revenue, as seen in 2023 where revenue was $133,362 and expenses were $133,048, and maintains a healthy asset base without incurring any liabilities.
What is the trend in Our Mims Retirement Haven Inc's revenue?
Our Mims Retirement Haven Inc's revenue has been relatively stable over the past decade, generally fluctuating between $130,000 and $185,000 annually in recent years, indicating a consistent level of donor support.
Filing History
IRS 990 filing history for Our Mims Retirement Haven Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Our Mims Retirement Haven Inc's revenue has grown by 241.8%, moving from $39K to $133K. Total assets increased by 1382.6% over the same period, from $10K to $145K. Total functional expenses rose by 265.8%, from $36K to $133K. In its most recent filing year (2023), Our Mims Retirement Haven Inc reported a surplus of $314, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $133K | $133K | $145K | $0 | — | View 990 |
| 2022 | $145K | $147K | $144K | $0 | — | View 990 |
| 2021 | $138K | $153K | $146K | $0 | — | — |
| 2020 | $185K | $117K | $161K | $0 | — | View 990 |
| 2019 | $166K | $144K | $94K | $0 | — | View 990 |
| 2018 | $163K | $139K | $75K | $0 | — | View 990 |
| 2017 | $143K | $140K | $51K | $0 | — | View 990 |
| 2016 | $97K | $99K | $48K | $0 | — | View 990 |
| 2015 | $105K | $80K | $50K | $0 | — | View 990 |
| 2014 | $54K | $52K | $27K | $0 | — | View 990 |
| 2013 | $46K | $89K | $28K | $3K | — | View 990 |
| 2012 | $94K | $38K | $63K | $0 | — | View 990 |
| 2011 | $41K | $48K | $6K | $0 | — | View 990 |
| 2010 | $39K | $36K | $10K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $133K, expenses of $133K, and assets of $145K (revenue -8.0% year-over-year).
- 2022: Revenue of $145K, expenses of $147K, and assets of $144K (revenue +4.9% year-over-year).
- 2021: Revenue of $138K, expenses of $153K, and assets of $146K (revenue -25.2% year-over-year).
- 2020: Revenue of $185K, expenses of $117K, and assets of $161K (revenue +11.3% year-over-year).
- 2019: Revenue of $166K, expenses of $144K, and assets of $94K (revenue +1.7% year-over-year).
- 2018: Revenue of $163K, expenses of $139K, and assets of $75K (revenue +13.8% year-over-year).
- 2017: Revenue of $143K, expenses of $140K, and assets of $51K (revenue +48.0% year-over-year).
- 2016: Revenue of $97K, expenses of $99K, and assets of $48K (revenue -7.6% year-over-year).
- 2015: Revenue of $105K, expenses of $80K, and assets of $50K (revenue +93.5% year-over-year).
- 2014: Revenue of $54K, expenses of $52K, and assets of $27K (revenue +18.2% year-over-year).
- 2013: Revenue of $46K, expenses of $89K, and assets of $28K (revenue -51.4% year-over-year).
- 2012: Revenue of $94K, expenses of $38K, and assets of $63K (revenue +127.5% year-over-year).
- 2011: Revenue of $41K, expenses of $48K, and assets of $6K (revenue +6.3% year-over-year).
- 2010: Revenue of $39K, expenses of $36K, and assets of $10K.
Data Sources and Methodology
This transparency report for Our Mims Retirement Haven 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.