Richard L Hamm Ministries
Richard L Hamm Ministries experiences sharp revenue decline, spending more than it earns in recent periods.
EIN: 202249526 · Fort Mill, SC · NTEE: X20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $30K |
| Total Expenses | $202K |
| Program Spending | 80% |
| Net Assets | $1.1M |
| Transparency Score | 65/100 |
Is Richard L Hamm Ministries Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Richard L Hamm Ministries directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Richard L Hamm Ministries
Richard L Hamm Ministries (EIN: 202249526) is a nonprofit organization based in Fort Mill, SC, classified under NTEE code X20. The organization reported total revenue of $30K and total assets of $983K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Richard L Hamm Ministries's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Richard L Hamm Ministries is a micro nonprofit that has been operating for 20 years, with 2 years of IRS 990 filings on record (2022–2023). Revenue has grown at a compound annual rate of -91.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $105K |
| Total Expenses | $202K |
| Surplus / Deficit | $-97,086 |
| Total Assets | $1.1M |
| Net Assets | $1.1M |
| Operating Margin | -92.4% |
| Months of Reserves | 65.5 months |
Financial Health Grade: B
In 2023, Richard L Hamm Ministries reported a deficit of $97K with expenses exceeding revenue, holds 65.5 months of operating reserves (strong position).
Financial Trends
Over 2 years of filings (2022–2023), Richard L Hamm Ministries's revenue has declined at a compound annual growth rate (CAGR) of -91.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -91.9% | +11.2% | -5.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 2006 |
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 Richard L Hamm Ministries with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Richard L Hamm Ministries allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $97K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is reported at 0% for both filing periods, indicating that no compensation was paid to officers, which is highly efficient relative to the organization's size and revenue.
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 Richard L Hamm Ministries's IRS 990 filings:
- Significant and rapid decline in revenue from $1,304,619 to $105,048 in one year.
- Expenses consistently exceeding revenue in both reported periods ($181,779 vs $1,304,619 and $202,134 vs $105,048).
- Latest revenue of $29,698 is substantially lower than the most recent filing's $105,048, indicating a continuing downward trend.
Strengths
The following positive indicators were identified for Richard L Hamm Ministries:
- No reported officer compensation (0%) in both filing periods, indicating high efficiency in executive pay.
- Substantial asset base of over $1 million, providing a financial cushion.
- No reported liabilities, suggesting a healthy balance sheet in terms of debt.
Frequently Asked Questions about Richard L Hamm Ministries
Is Richard L Hamm Ministries a legitimate charity?
Based on AI analysis of IRS 990 filings, Richard L Hamm Ministries (EIN: 202249526) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does Richard L Hamm Ministries spend its money?
Richard L Hamm Ministries directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Richard L Hamm Ministries tax-deductible?
Richard L Hamm Ministries is registered as a tax-exempt nonprofit (EIN: 202249526). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Richard L Hamm Ministries's spending goes to programs?
Richard L Hamm Ministries directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Richard L Hamm Ministries compare to similar nonprofits?
With a transparency score of 65/100 (Good), Richard L Hamm Ministries is above average for NTEE category X20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Richard L Hamm Ministries located?
Richard L Hamm Ministries is headquartered in Fort Mill, South Carolina and files with the IRS under EIN 202249526. It is classified under NTEE code X20.
How many years of IRS 990 filings does Richard L Hamm Ministries have?
Richard L Hamm Ministries 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 $30K in total revenue.
Is Richard L Hamm Ministries a good charity?
While the organization shows strong asset reserves and no officer compensation, the recent significant decline in revenue and consistent spending exceeding income raises concerns about its long-term financial sustainability and operational efficiency.
What caused the drastic revenue drop from $1.3M to $105K?
The provided data does not specify the exact cause, but such a dramatic decrease warrants further investigation into funding sources, donor retention, or potential one-time large contributions in prior years that were not sustained.
How is the organization covering its expenses with declining revenue?
With expenses exceeding revenue in both 2022 and 2023, and no liabilities reported, the organization is likely drawing down its substantial asset base of over $1 million to cover operational costs.
Filing History
IRS 990 filing history for Richard L Hamm Ministries showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2022–2023), Richard L Hamm Ministries's revenue has declined by 91.9%, moving from $1.3M to $105K. Total assets decreased by 5.2% over the same period, from $1.2M to $1.1M. Total functional expenses rose by 11.2%, from $182K to $202K. In its most recent filing year (2023), Richard L Hamm Ministries reported a deficit of $97K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $105K | $202K | $1.1M | $0 | — | — |
| 2022 | $1.3M | $182K | $1.2M | $0 | — | — |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Richard L Hamm Ministries:
Data Sources and Methodology
This transparency report for Richard L Hamm Ministries 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.