Prepare The Way Ministry
Prepare The Way Ministry operates with minimal assets and no reported officer compensation, balancing revenue and expenses annually.
EIN: 200332534 · Lees Summit, MO · NTEE: Q33 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $284K |
| Total Expenses | $316K |
| Program Spending | 85% |
| Net Assets | $5K |
| Transparency Score | 80/100 |
Is Prepare The Way Ministry Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Prepare The Way Ministry directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Prepare The Way Ministry
Prepare The Way Ministry (EIN: 200332534) is a nonprofit organization based in Lees Summit, MO, classified under NTEE code Q33. The organization reported total revenue of $284K and total assets of $3K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Prepare The Way Ministry's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Prepare The Way Ministry is a small nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 9.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $310K |
| Total Expenses | $316K |
| Surplus / Deficit | $-6,045 |
| Total Assets | $5K |
| Net Assets | $5K |
| Operating Margin | -1.9% |
| Months of Reserves | 0.2 months |
Financial Health Grade: C
In 2023, Prepare The Way Ministry reported a deficit of $6K with expenses exceeding revenue, holds 0.2 months of operating reserves (limited).
Financial Trends
Over 13 years of filings (2011–2023), Prepare The Way Ministry's revenue has grown at a compound annual growth rate (CAGR) of 9.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +17.4% | +22.5% | -53.5% |
| 2022 | -1.5% | -2.8% | +114.8% |
| 2021 | +19.0% | +17.7% | +95.0% |
| 2020 | -5.6% | -5.2% | +0.0% |
| 2019 | +4.3% | +1.1% | +41.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2004 |
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 The Way Ministry with a Mission Score of 80 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 The Way Ministry 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 deficit of $6K, with expenses exceeding revenue.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that executive leadership is either unpaid or compensated through non-officer roles, which is a strong positive for resource allocation.
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 The Way Ministry's IRS 990 filings:
- Consistently very low asset base, indicating limited financial reserves (e.g., $5,258 in 2023)
- Slight operating deficit in some years (e.g., 2023: Expenses $316,351 vs. Revenue $310,306)
Strengths
The following positive indicators were identified for Prepare The Way Ministry:
- Zero reported officer compensation, indicating high efficiency in leadership costs
- Consistent transparency with zero reported liabilities across most filings
- Revenue and expenses generally balance, showing responsible financial management of incoming funds
- Lean operational model, with funds quickly deployed for mission-related activities
Frequently Asked Questions about Prepare The Way Ministry
Is Prepare The Way Ministry a legitimate charity?
Prepare The Way Ministry (EIN: 200332534) is a registered tax-exempt nonprofit based in Missouri. Our AI analysis gives it a Mission Score of 80/100. It has 13 years of IRS 990 filings on record. Total revenue: $284K. 2 red flags identified. 4 strengths noted. Financial health grade: C.
How does Prepare The Way Ministry spend its money?
Prepare The Way Ministry directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Prepare The Way Ministry tax-deductible?
Prepare The Way Ministry is registered as a tax-exempt nonprofit (EIN: 200332534). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Prepare The Way Ministry's spending goes to programs?
Prepare The Way Ministry directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Prepare The Way Ministry compare to similar nonprofits?
With a transparency score of 80/100 (Excellent), Prepare The Way Ministry is above average for NTEE category Q33 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Prepare The Way Ministry located?
Prepare The Way Ministry is headquartered in Lees Summit, Missouri and files with the IRS under EIN 200332534. It is classified under NTEE code Q33.
How many years of IRS 990 filings does Prepare The Way Ministry have?
Prepare The Way Ministry 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 $284K in total revenue.
Is Prepare The Way Ministry a good charity?
Based on the available IRS 990 data, Prepare The Way Ministry appears to be a financially transparent organization with no reported officer compensation and a history of balancing its budget. Its low asset base suggests a lean operation, which can be efficient, but also indicates limited financial reserves.
How does Prepare The Way Ministry manage its finances given its low assets?
The organization consistently operates with very low assets (e.g., $5,258 in 2023), suggesting a 'just-in-time' financial model where incoming revenue is quickly expended on programs and operations. This indicates a reliance on continuous donor support rather than substantial reserves.
What is the trend in Prepare The Way Ministry's revenue and expenses?
Prepare The Way Ministry's revenue and expenses have shown a general upward trend over the past decade, from approximately $170,000 in 2017 to over $300,000 in 2023, with expenses closely tracking revenue, often resulting in a near-break-even or slight deficit/surplus each year.
Filing History
IRS 990 filing history for Prepare The Way Ministry showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Prepare The Way Ministry's revenue has grown by 185.3%, moving from $109K to $310K. Total assets increased by 15% over the same period, from $5K to $5K. Total functional expenses rose by 188.2%, from $110K to $316K. In its most recent filing year (2023), Prepare The Way Ministry reported a deficit of $6K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $310K | $316K | $5K | $0 | — | View 990 |
| 2022 | $264K | $258K | $11K | $0 | — | View 990 |
| 2021 | $268K | $266K | $5K | $0 | — | View 990 |
| 2020 | $226K | $226K | $3K | $3K | — | View 990 |
| 2019 | $239K | $238K | $3K | $0 | — | View 990 |
| 2018 | $229K | $236K | $2K | $0 | — | View 990 |
| 2017 | $171K | $166K | $8K | $0 | — | View 990 |
| 2016 | $220K | $223K | $3K | $0 | — | View 990 |
| 2015 | $176K | $187K | $6K | $0 | — | View 990 |
| 2014 | $193K | $188K | $18K | $0 | — | View 990 |
| 2013 | $194K | $196K | $12K | $0 | — | View 990 |
| 2012 | $165K | $156K | $13K | $0 | — | View 990 |
| 2011 | $109K | $110K | $5K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $310K, expenses of $316K, and assets of $5K (revenue +17.4% year-over-year).
- 2022: Revenue of $264K, expenses of $258K, and assets of $11K (revenue -1.5% year-over-year).
- 2021: Revenue of $268K, expenses of $266K, and assets of $5K (revenue +19.0% year-over-year).
- 2020: Revenue of $226K, expenses of $226K, and assets of $3K (revenue -5.6% year-over-year).
- 2019: Revenue of $239K, expenses of $238K, and assets of $3K (revenue +4.3% year-over-year).
- 2018: Revenue of $229K, expenses of $236K, and assets of $2K (revenue +33.9% year-over-year).
- 2017: Revenue of $171K, expenses of $166K, and assets of $8K (revenue -22.1% year-over-year).
- 2016: Revenue of $220K, expenses of $223K, and assets of $3K (revenue +24.9% year-over-year).
- 2015: Revenue of $176K, expenses of $187K, and assets of $6K (revenue -8.9% year-over-year).
- 2014: Revenue of $193K, expenses of $188K, and assets of $18K (revenue -0.7% year-over-year).
- 2013: Revenue of $194K, expenses of $196K, and assets of $12K (revenue +17.8% year-over-year).
- 2012: Revenue of $165K, expenses of $156K, and assets of $13K (revenue +51.8% year-over-year).
- 2011: Revenue of $109K, expenses of $110K, and assets of $5K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Prepare The Way Ministry:
Data Sources and Methodology
This transparency report for Prepare The Way Ministry 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.