Ricardo A Bonfim Ministries Inc
EIN: 581574323 · Athens, GA · NTEE: X20Z
| Metric | Value |
|---|---|
| Total Revenue | $830K |
| Total Expenses | $867K |
| Net Assets | $310K |
Is Ricardo A Bonfim 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 Ricardo A Bonfim Ministries Inc
Ricardo A Bonfim Ministries Inc (EIN: 581574323) is a nonprofit organization based in Athens, GA, classified under NTEE code X20Z. The organization reported total revenue of $830K and total assets of $396K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ricardo A Bonfim Ministries Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ricardo A Bonfim Ministries Inc is a small nonprofit that has been operating for 38 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $851K |
| Total Expenses | $867K |
| Surplus / Deficit | $-16,819 |
| Total Assets | $374K |
| Total Liabilities | $63K |
| Net Assets | $310K |
| Operating Margin | -2.0% |
| Debt-to-Asset Ratio | 16.9% |
| Months of Reserves | 5.2 months |
Financial Health Grade: B
In 2023, Ricardo A Bonfim Ministries Inc reported a deficit of $17K with expenses exceeding revenue, holds 5.2 months of operating reserves (adequate), has a debt-to-asset ratio of 16.9% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Ricardo A Bonfim Ministries Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -20.2% | -19.0% | -21.7% |
| 2022 | +7.2% | +16.9% | +41.2% |
| 2021 | +37.0% | +25.3% | +31.1% |
| 2020 | -32.8% | -25.0% | +0.1% |
| 2019 | +8.2% | -7.2% | +65.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 1988 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Ricardo A Bonfim 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 Ricardo A Bonfim 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 deficit of $17K, with expenses exceeding revenue.
- Debt-to-asset ratio: 16.9%.
Frequently Asked Questions about Ricardo A Bonfim Ministries Inc
Is Ricardo A Bonfim Ministries Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Ricardo A Bonfim Ministries Inc (EIN: 581574323) insufficient data. 0 red flags identified, 0 strengths noted.
How does Ricardo A Bonfim Ministries Inc spend its money?
Detailed spending breakdown data is not yet available for Ricardo A Bonfim Ministries Inc. Check back for updated IRS 990 analysis.
Are donations to Ricardo A Bonfim Ministries Inc tax-deductible?
Ricardo A Bonfim Ministries Inc is registered as a tax-exempt nonprofit (EIN: 581574323). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Ricardo A Bonfim Ministries Inc located?
Ricardo A Bonfim Ministries Inc is headquartered in Athens, Georgia and files with the IRS under EIN 581574323. It is classified under NTEE code X20Z.
How many years of IRS 990 filings does Ricardo A Bonfim Ministries Inc have?
Ricardo A Bonfim Ministries Inc 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 $830K in total revenue.
Filing History
IRS 990 filing history for Ricardo A Bonfim Ministries Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Ricardo A Bonfim Ministries Inc's revenue has grown by 9.5%, moving from $777K to $851K. Total assets increased by 133.9% over the same period, from $160K to $374K. Total functional expenses rose by 16.5%, from $745K to $867K. In its most recent filing year (2023), Ricardo A Bonfim Ministries Inc reported a deficit of $17K, with expenses exceeding revenue. The organization holds $63K in liabilities against $374K in assets (debt-to-asset ratio: 16.9%), resulting in net assets of $310K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $851K | $867K | $374K | $63K | — | — |
| 2022 | $1.1M | $1.1M | $477K | $150K | — | — |
| 2021 | $994K | $916K | $338K | $7K | — | View 990 |
| 2020 | $726K | $731K | $258K | $6K | — | — |
| 2019 | $1.1M | $975K | $257K | $44 | — | View 990 |
| 2018 | $999K | $1.1M | $156K | $3K | — | View 990 |
| 2017 | $1000K | $962K | $210K | $5K | — | View 990 |
| 2016 | $894K | $893K | $192K | $24K | — | View 990 |
| 2015 | $966K | $910K | $171K | $4K | — | View 990 |
| 2014 | $911K | $972K | $114K | $2K | — | View 990 |
| 2013 | $826K | $798K | $179K | $7K | — | View 990 |
| 2012 | $905K | $919K | $146K | $2K | — | View 990 |
| 2011 | $777K | $745K | $160K | $3K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $851K, expenses of $867K, and assets of $374K (revenue -20.2% year-over-year).
- 2022: Revenue of $1.1M, expenses of $1.1M, and assets of $477K (revenue +7.2% year-over-year).
- 2021: Revenue of $994K, expenses of $916K, and assets of $338K (revenue +37.0% year-over-year).
- 2020: Revenue of $726K, expenses of $731K, and assets of $258K (revenue -32.8% year-over-year).
- 2019: Revenue of $1.1M, expenses of $975K, and assets of $257K (revenue +8.2% year-over-year).
- 2018: Revenue of $999K, expenses of $1.1M, and assets of $156K (revenue -0.1% year-over-year).
- 2017: Revenue of $1000K, expenses of $962K, and assets of $210K (revenue +11.9% year-over-year).
- 2016: Revenue of $894K, expenses of $893K, and assets of $192K (revenue -7.5% year-over-year).
- 2015: Revenue of $966K, expenses of $910K, and assets of $171K (revenue +6.0% year-over-year).
- 2014: Revenue of $911K, expenses of $972K, and assets of $114K (revenue +10.3% year-over-year).
- 2013: Revenue of $826K, expenses of $798K, and assets of $179K (revenue -8.7% year-over-year).
- 2012: Revenue of $905K, expenses of $919K, and assets of $146K (revenue +16.5% year-over-year).
- 2011: Revenue of $777K, expenses of $745K, and assets of $160K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ricardo A Bonfim Ministries Inc:
Data Sources and Methodology
This transparency report for Ricardo A Bonfim 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.