Rapid Ministries Inc
EIN: 842643091 · Douglass, KS · NTEE: M20
| Metric | Value |
|---|---|
| Total Revenue | $113K |
| Total Expenses | $68K |
| Net Assets | $126K |
Is Rapid Ministries Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Rapid Ministries Inc
Rapid Ministries Inc (EIN: 842643091) is a nonprofit organization based in Douglass, KS, classified under NTEE code M20. The organization reported total revenue of $113K and total assets of $154K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Rapid Ministries Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Rapid Ministries Inc is a small nonprofit that has been operating for 6 years, with 2 years of IRS 990 filings on record (2022–2023). Revenue has grown at a compound annual rate of -17.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $104K |
| Total Expenses | $68K |
| Surplus / Deficit | +$36K |
| Total Assets | $126K |
| Net Assets | $126K |
| Operating Margin | 34.7% |
| Months of Reserves | 22.4 months |
Financial Health Grade: A
In 2023, Rapid Ministries Inc reported a surplus of $36K with revenue exceeding expenses, holds 22.4 months of operating reserves (strong position).
Financial Trends
Over 2 years of filings (2022–2023), Rapid Ministries Inc's revenue has declined at a compound annual growth rate (CAGR) of -17.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -17.1% | +66.8% | +39.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2020 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Rapid 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 Rapid 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $36K, with revenue exceeding expenses.
Frequently Asked Questions about Rapid Ministries Inc
Is Rapid Ministries Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Rapid Ministries Inc (EIN: 842643091) insufficient data. 0 red flags identified, 0 strengths noted.
How does Rapid Ministries Inc spend its money?
Detailed spending breakdown data is not yet available for Rapid Ministries Inc. Check back for updated IRS 990 analysis.
Are donations to Rapid Ministries Inc tax-deductible?
Rapid Ministries Inc is registered as a tax-exempt nonprofit (EIN: 842643091). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Rapid Ministries Inc located?
Rapid Ministries Inc is headquartered in Douglass, Kansas and files with the IRS under EIN 842643091. It is classified under NTEE code M20.
How many years of IRS 990 filings does Rapid Ministries Inc have?
Rapid Ministries Inc has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $113K in total revenue.
Filing History
IRS 990 filing history for Rapid Ministries Inc showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2022–2023), Rapid Ministries Inc's revenue has declined by 17.1%, moving from $125K to $104K. Total assets increased by 39.9% over the same period, from $90K to $126K. Total functional expenses rose by 66.8%, from $41K to $68K. In its most recent filing year (2023), Rapid Ministries Inc reported a surplus of $36K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $104K | $68K | $126K | $0 | — | View 990 |
| 2022 | $125K | $41K | $90K | $0 | — | — |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Rapid Ministries Inc:
Data Sources and Methodology
This transparency report for Rapid 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.