Sam Adeyemi Ministries Inc
EIN: 465674630 · Atlanta, GA · NTEE: P20
| Metric | Value |
|---|---|
| Total Revenue | $214K |
| Total Expenses | $225K |
| Net Assets | $-15,062 |
Is Sam Adeyemi 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 Sam Adeyemi Ministries Inc
Sam Adeyemi Ministries Inc (EIN: 465674630) is a nonprofit organization based in Atlanta, GA, classified under NTEE code P20. The organization reported total revenue of $214K and total assets of $1K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sam Adeyemi Ministries Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sam Adeyemi Ministries Inc is a small nonprofit that has been operating for 11 years, with 10 years of IRS 990 filings on record (2014–2023). Revenue has grown at a compound annual rate of 17.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $221K |
| Total Expenses | $225K |
| Surplus / Deficit | $-3,509 |
| Total Assets | $2K |
| Total Liabilities | $17K |
| Net Assets | $-15,062 |
| Operating Margin | -1.6% |
| Debt-to-Asset Ratio | 906.3% |
| Months of Reserves | 0.1 months |
Financial Health Grade: D
In 2023, Sam Adeyemi Ministries Inc reported a deficit of $4K with expenses exceeding revenue, holds 0.1 months of operating reserves (limited), has a debt-to-asset ratio of 906.3% (high leverage).
Financial Trends
Over 10 years of filings (2014–2023), Sam Adeyemi Ministries Inc's revenue has grown at a compound annual growth rate (CAGR) of 17.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -1.0% | +2.4% | -66.9% |
| 2022 | -1.7% | -8.3% | +358.8% |
| 2021 | -4.4% | +18.2% | -90.6% |
| 2020 | -10.6% | -30.5% | +532.2% |
| 2019 | -25.3% | -18.0% | -83.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1700 |
| IRS Ruling Date | 2015 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Sam Adeyemi 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 Sam Adeyemi 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 $4K, with expenses exceeding revenue.
- Debt-to-asset ratio: 906.3%.
Frequently Asked Questions about Sam Adeyemi Ministries Inc
Is Sam Adeyemi Ministries Inc a legitimate charity?
Sam Adeyemi Ministries Inc (EIN: 465674630) is a registered tax-exempt nonprofit based in Georgia. It has 10 years of IRS 990 filings on record. Total revenue: $214K. No red flags identified. Financial health grade: D.
How does Sam Adeyemi Ministries Inc spend its money?
Sam Adeyemi Ministries Inc reported $214K in total revenue in IRS 990 filings. 10 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Sam Adeyemi Ministries Inc tax-deductible?
Sam Adeyemi Ministries Inc is registered as a tax-exempt nonprofit (EIN: 465674630). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Sam Adeyemi Ministries Inc located?
Sam Adeyemi Ministries Inc is headquartered in Atlanta, Georgia and files with the IRS under EIN 465674630. It is classified under NTEE code P20.
How many years of IRS 990 filings does Sam Adeyemi Ministries Inc have?
Sam Adeyemi Ministries Inc has 10 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 $214K in total revenue.
Filing History
IRS 990 filing history for Sam Adeyemi Ministries Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2014–2023), Sam Adeyemi Ministries Inc's revenue has grown by 330.5%, moving from $51K to $221K. Total assets decreased by 94.5% over the same period, from $34K to $2K. Total functional expenses rose by 1194.7%, from $17K to $225K. In its most recent filing year (2023), Sam Adeyemi Ministries Inc reported a deficit of $4K, with expenses exceeding revenue. The organization holds $17K in liabilities against $2K in assets (debt-to-asset ratio: 906.3%), resulting in net assets of $-15,062.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $221K | $225K | $2K | $17K | — | — |
| 2022 | $224K | $220K | $6K | $17K | — | View 990 |
| 2021 | $227K | $239K | $1K | $17K | — | View 990 |
| 2020 | $238K | $203K | $13K | $17K | — | — |
| 2019 | $266K | $291K | $2K | $41K | — | View 990 |
| 2018 | $356K | $355K | $12K | $25K | — | View 990 |
| 2017 | $357K | $386K | $4K | $18K | — | View 990 |
| 2016 | $199K | $217K | $17K | $3K | — | View 990 |
| 2015 | $159K | $160K | $37K | $5K | — | View 990 |
| 2014 | $51K | $17K | $34K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $221K, expenses of $225K, and assets of $2K (revenue -1.0% year-over-year).
- 2022: Revenue of $224K, expenses of $220K, and assets of $6K (revenue -1.7% year-over-year).
- 2021: Revenue of $227K, expenses of $239K, and assets of $1K (revenue -4.4% year-over-year).
- 2020: Revenue of $238K, expenses of $203K, and assets of $13K (revenue -10.6% year-over-year).
- 2019: Revenue of $266K, expenses of $291K, and assets of $2K (revenue -25.3% year-over-year).
- 2018: Revenue of $356K, expenses of $355K, and assets of $12K (revenue -0.4% year-over-year).
- 2017: Revenue of $357K, expenses of $386K, and assets of $4K (revenue +79.8% year-over-year).
- 2016: Revenue of $199K, expenses of $217K, and assets of $17K (revenue +24.9% year-over-year).
- 2015: Revenue of $159K, expenses of $160K, and assets of $37K (revenue +209.7% year-over-year).
- 2014: Revenue of $51K, expenses of $17K, and assets of $34K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Sam Adeyemi Ministries Inc:
Data Sources and Methodology
This transparency report for Sam Adeyemi 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.