Prepare Ministries
Prepare Ministries shows consistent revenue growth and asset accumulation with no reported officer compensation.
EIN: 201905688 · Eden Prairie, MN · NTEE: X20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $273K |
| Total Expenses | $145K |
| Program Spending | 85% |
| Net Assets | $868K |
| Transparency Score | 90/100 |
Is Prepare Ministries Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Prepare Ministries directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Prepare Ministries
Prepare Ministries (EIN: 201905688) is a nonprofit organization based in Eden Prairie, MN, classified under NTEE code X20. The organization reported total revenue of $273K and total assets of $1.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Prepare Ministries's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Prepare Ministries is a small nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $232K |
| Total Expenses | $145K |
| Surplus / Deficit | +$88K |
| Total Assets | $905K |
| Total Liabilities | $37K |
| Net Assets | $868K |
| Operating Margin | 37.7% |
| Debt-to-Asset Ratio | 4.0% |
| Months of Reserves | 75.0 months |
Financial Health Grade: A
In 2023, Prepare Ministries reported a surplus of $88K with revenue exceeding expenses, holds 75.0 months of operating reserves (strong position), has a debt-to-asset ratio of 4.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Prepare Ministries's revenue has grown at a compound annual growth rate (CAGR) of 2.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +16.1% | +5.2% | +12.4% |
| 2022 | -16.9% | +11.4% | +8.7% |
| 2021 | -5.5% | +2.6% | +19.7% |
| 2019 | -100.0% | -100.0% | -100.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1700 |
| IRS Ruling Date | 2006 |
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 Prepare Ministries with a Mission Score of 90 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Prepare 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 surplus of $88K, with revenue exceeding expenses.
- Debt-to-asset ratio: 4.0%.
Executive Compensation Analysis
Prepare Ministries consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers. This suggests a volunteer-led executive structure or that compensation is covered by other means not reported as officer compensation, which is highly unusual for an organization of its size and revenue.
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 Prepare Ministries's IRS 990 filings:
- Lack of detailed program vs. administrative vs. fundraising expense breakdown in summary data
- Unusually consistent 0% officer compensation for an organization with growing revenue and assets, which might warrant further inquiry into how leadership is compensated or sustained.
Strengths
The following positive indicators were identified for Prepare Ministries:
- Consistent revenue generation and growth
- Significant and steady asset accumulation ($153,577 in 2014 to $904,593 in 2023)
- Expenses consistently lower than revenue, indicating financial prudence
- Consistent reporting of 0% officer compensation, suggesting high dedication of funds to mission
- Healthy financial surplus in most reporting periods
Frequently Asked Questions about Prepare Ministries
Is Prepare Ministries a legitimate charity?
Prepare Ministries (EIN: 201905688) is a registered tax-exempt nonprofit based in Minnesota. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $273K. 2 red flags identified. 5 strengths noted. Financial health grade: A.
How does Prepare Ministries spend its money?
Prepare Ministries directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Prepare Ministries tax-deductible?
Prepare Ministries is registered as a tax-exempt nonprofit (EIN: 201905688). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Prepare Ministries's spending goes to programs?
Prepare Ministries directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Prepare Ministries compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Prepare Ministries is above average for NTEE category X20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Prepare Ministries located?
Prepare Ministries is headquartered in Eden Prairie, Minnesota and files with the IRS under EIN 201905688. It is classified under NTEE code X20.
How many years of IRS 990 filings does Prepare Ministries have?
Prepare Ministries has 13 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 $273K in total revenue.
Is Prepare Ministries a good charity?
Based on the provided financial data, Prepare Ministries appears to be a financially healthy organization with consistent revenue, controlled expenses, and significant asset growth. The consistent reporting of 0% officer compensation is a strong positive indicator of its commitment to directing funds towards its mission.
How has Prepare Ministries' financial health changed over time?
Prepare Ministries has shown consistent financial growth. Revenue has generally increased, and assets have grown substantially from $153,577 in 2014 to $904,593 in 2023, demonstrating strong financial management and stability.
What is the organization's approach to executive compensation?
The organization consistently reports 0% officer compensation, suggesting a volunteer-based leadership or that executive compensation is not reported under this category. This is a notable characteristic, indicating a high degree of financial prudence.
How efficient is Prepare Ministries in its spending?
With expenses consistently lower than revenue (e.g., $144,750 expenses vs. $232,466 revenue in 2023), the organization demonstrates good spending efficiency, allowing for significant asset accumulation and financial stability.
Filing History
IRS 990 filing history for Prepare Ministries showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Prepare Ministries's revenue has grown by 29.3%, moving from $180K to $232K. Total assets increased by 712.1% over the same period, from $111K to $905K. Total functional expenses fell by 30.6%, from $209K to $145K. In its most recent filing year (2023), Prepare Ministries reported a surplus of $88K, with revenue exceeding expenses. The organization holds $37K in liabilities against $905K in assets (debt-to-asset ratio: 4.0%), resulting in net assets of $868K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $232K | $145K | $905K | $37K | — | — |
| 2022 | $200K | $138K | $805K | $25K | — | View 990 |
| 2021 | $241K | $124K | $741K | $23K | — | View 990 |
| 2020 | $255K | $120K | $619K | $19K | — | — |
| 2019 | $0 | $0 | $1 | $0 | — | View 990 |
| 2018 | $205K | $136K | $417K | $19K | — | View 990 |
| 2017 | $211K | $161K | $354K | $26K | — | View 990 |
| 2016 | $210K | $141K | $302K | $25K | — | — |
| 2015 | $260K | $182K | $236K | $28K | — | View 990 |
| 2014 | $199K | $171K | $154K | $23K | — | View 990 |
| 2013 | $185K | $160K | $127K | $25K | — | View 990 |
| 2012 | $139K | $157K | $99K | $21K | — | View 990 |
| 2011 | $180K | $209K | $111K | $17K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $232K, expenses of $145K, and assets of $905K (revenue +16.1% year-over-year).
- 2022: Revenue of $200K, expenses of $138K, and assets of $805K (revenue -16.9% year-over-year).
- 2021: Revenue of $241K, expenses of $124K, and assets of $741K (revenue -5.5% year-over-year).
- 2020: Revenue of $255K, expenses of $120K, and assets of $619K.
- 2019: Revenue of $0, expenses of $0, and assets of $1 (revenue -100.0% year-over-year).
- 2018: Revenue of $205K, expenses of $136K, and assets of $417K (revenue -2.8% year-over-year).
- 2017: Revenue of $211K, expenses of $161K, and assets of $354K (revenue +0.6% year-over-year).
- 2016: Revenue of $210K, expenses of $141K, and assets of $302K (revenue -19.0% year-over-year).
- 2015: Revenue of $260K, expenses of $182K, and assets of $236K (revenue +30.2% year-over-year).
- 2014: Revenue of $199K, expenses of $171K, and assets of $154K (revenue +7.5% year-over-year).
- 2013: Revenue of $185K, expenses of $160K, and assets of $127K (revenue +33.4% year-over-year).
- 2012: Revenue of $139K, expenses of $157K, and assets of $99K (revenue -22.7% year-over-year).
- 2011: Revenue of $180K, expenses of $209K, and assets of $111K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Prepare Ministries:
Data Sources and Methodology
This transparency report for Prepare 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.