Preparing The Way Ministries Inc
EIN: 873309904 · New Holland, PA · NTEE: X20
About Preparing The Way Ministries Inc
Preparing The Way Ministries Inc (EIN: 873309904) is a nonprofit organization based in New Holland, PA, classified under NTEE code X20. The organization reported total revenue of $730K and total assets of $252K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Preparing The Way Ministries Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Analysis Pending
AI enrichment for Preparing The Way 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 Preparing The Way 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.
Filing History
IRS 990 filing history for Preparing The Way Ministries Inc showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2022–2023), Preparing The Way Ministries Inc's revenue has grown by 12.5%, moving from $257K to $289K. Total assets decreased by 92.9% over the same period, from $34K to $2K. Total functional expenses rose by 45.1%, from $225K to $326K. In its most recent filing year (2023), Preparing The Way Ministries Inc reported a deficit of $37K, with expenses exceeding revenue. The organization holds $8K in liabilities against $2K in assets (debt-to-asset ratio: 328.1%), resulting in net assets of $-5,500.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $289K | $326K | $2K | $8K | — | — |
| 2022 | $257K | $225K | $34K | $2K | — | View 990 |
Data Sources and Methodology
This transparency report for Preparing The Way 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.