Rhyme & Reason Ministry Inc
EIN: 300755028 · South Bend, IN · NTEE: X20
| Metric | Value |
|---|---|
| Total Revenue | $1.4M |
| Total Expenses | $1.3M |
| Net Assets | $244K |
Is Rhyme & Reason Ministry Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Rhyme & Reason Ministry Inc
Rhyme & Reason Ministry Inc (EIN: 300755028) is a nonprofit organization based in South Bend, IN, classified under NTEE code X20. The organization reported total revenue of $1.4M and total assets of $777K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Rhyme & Reason Ministry Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Rhyme & Reason Ministry Inc is a mid-size nonprofit that has been operating for 12 years, with 5 years of IRS 990 filings on record (2019–2023). Revenue has grown at a compound annual rate of 63.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.3M |
| Total Expenses | $1.3M |
| Surplus / Deficit | $-11,866 |
| Total Assets | $906K |
| Total Liabilities | $662K |
| Net Assets | $244K |
| Operating Margin | -0.9% |
| Debt-to-Asset Ratio | 73.1% |
| Months of Reserves | 8.5 months |
Financial Health Grade: C
In 2023, Rhyme & Reason Ministry Inc reported a deficit of $12K with expenses exceeding revenue, holds 8.5 months of operating reserves (strong position), has a debt-to-asset ratio of 73.1% (high leverage).
Financial Trends
Over 5 years of filings (2019–2023), Rhyme & Reason Ministry Inc's revenue has grown at a compound annual growth rate (CAGR) of 63.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +16.3% | +35.7% | +59.5% |
| 2022 | +29.8% | +28.2% | +11.9% |
| 2021 | +90.8% | +76.0% | +360.6% |
| 2020 | +148.8% | +203.2% | +125.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Rhyme & Reason Ministry 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 Rhyme & Reason Ministry 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 deficit of $12K, with expenses exceeding revenue.
- Debt-to-asset ratio: 73.1%.
Frequently Asked Questions about Rhyme & Reason Ministry Inc
Is Rhyme & Reason Ministry Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Rhyme & Reason Ministry Inc (EIN: 300755028) insufficient data. 0 red flags identified, 0 strengths noted.
How does Rhyme & Reason Ministry Inc spend its money?
Detailed spending breakdown data is not yet available for Rhyme & Reason Ministry Inc. Check back for updated IRS 990 analysis.
Are donations to Rhyme & Reason Ministry Inc tax-deductible?
Rhyme & Reason Ministry Inc is registered as a tax-exempt nonprofit (EIN: 300755028). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Rhyme & Reason Ministry Inc located?
Rhyme & Reason Ministry Inc is headquartered in South Bend, Indiana and files with the IRS under EIN 300755028. It is classified under NTEE code X20.
How many years of IRS 990 filings does Rhyme & Reason Ministry Inc have?
Rhyme & Reason Ministry Inc has 5 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 $1.4M in total revenue.
Filing History
IRS 990 filing history for Rhyme & Reason Ministry Inc showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2019–2023), Rhyme & Reason Ministry Inc's revenue has grown by 616.7%, moving from $178K to $1.3M. Total assets increased by 1749.9% over the same period, from $49K to $906K. Total functional expenses rose by 828.3%, from $139K to $1.3M. In its most recent filing year (2023), Rhyme & Reason Ministry Inc reported a deficit of $12K, with expenses exceeding revenue. The organization holds $662K in liabilities against $906K in assets (debt-to-asset ratio: 73.1%), resulting in net assets of $244K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.3M | $1.3M | $906K | $662K | — | — |
| 2022 | $1.1M | $948K | $568K | $283K | — | View 990 |
| 2021 | $844K | $739K | $508K | $279K | — | View 990 |
| 2020 | $442K | $420K | $110K | $54K | — | — |
| 2019 | $178K | $139K | $49K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.3M, expenses of $1.3M, and assets of $906K (revenue +16.3% year-over-year).
- 2022: Revenue of $1.1M, expenses of $948K, and assets of $568K (revenue +29.8% year-over-year).
- 2021: Revenue of $844K, expenses of $739K, and assets of $508K (revenue +90.8% year-over-year).
- 2020: Revenue of $442K, expenses of $420K, and assets of $110K (revenue +148.8% year-over-year).
- 2019: Revenue of $178K, expenses of $139K, and assets of $49K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Rhyme & Reason Ministry Inc:
Data Sources and Methodology
This transparency report for Rhyme & Reason Ministry 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.