Seashore United Methodist Assembly
EIN: 640920498 · Biloxi, MS
| Metric | Value |
|---|---|
| Total Revenue | $409K |
| Total Expenses | $518K |
| Net Assets | $748K |
Is Seashore United Methodist Assembly Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Seashore United Methodist Assembly
Seashore United Methodist Assembly (EIN: 640920498) is a nonprofit organization based in Biloxi, MS. The organization reported total revenue of $409K and total assets of $696K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Seashore United Methodist Assembly's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Seashore United Methodist Assembly is a small nonprofit that has been operating for 52 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 4.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $565K |
| Total Expenses | $518K |
| Surplus / Deficit | +$47K |
| Total Assets | $760K |
| Total Liabilities | $12K |
| Net Assets | $748K |
| Operating Margin | 8.3% |
| Debt-to-Asset Ratio | 1.6% |
| Months of Reserves | 17.6 months |
Financial Health Grade: A
In 2023, Seashore United Methodist Assembly reported a surplus of $47K with revenue exceeding expenses, holds 17.6 months of operating reserves (strong position), has a debt-to-asset ratio of 1.6% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Seashore United Methodist Assembly's revenue has grown at a compound annual growth rate (CAGR) of 4.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -7.4% | -12.2% | +6.5% |
| 2022 | +29.0% | +24.3% | +3.0% |
| 2021 | -4.5% | +8.5% | -0.1% |
| 2020 | -14.4% | -22.0% | +9.0% |
| 2019 | -4.3% | +0.8% | +2.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7100 |
| IRS Ruling Date | 1974 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Seashore United Methodist Assembly 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 Seashore United Methodist Assembly 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 $47K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.6%.
Frequently Asked Questions about Seashore United Methodist Assembly
Is Seashore United Methodist Assembly a legitimate charity?
Seashore United Methodist Assembly (EIN: 640920498) is a registered tax-exempt nonprofit based in Mississippi. It has 14 years of IRS 990 filings on record. Total revenue: $409K. No red flags identified. Financial health grade: A.
How does Seashore United Methodist Assembly spend its money?
Seashore United Methodist Assembly reported $409K in total revenue in IRS 990 filings. 14 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Seashore United Methodist Assembly tax-deductible?
Seashore United Methodist Assembly is registered as a tax-exempt nonprofit (EIN: 640920498). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Seashore United Methodist Assembly located?
Seashore United Methodist Assembly is headquartered in Biloxi, Mississippi and files with the IRS under EIN 640920498.
How many years of IRS 990 filings does Seashore United Methodist Assembly have?
Seashore United Methodist Assembly has 14 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 $409K in total revenue.
Filing History
IRS 990 filing history for Seashore United Methodist Assembly showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Seashore United Methodist Assembly's revenue has grown by 67.8%, moving from $337K to $565K. Total assets increased by 169.3% over the same period, from $282K to $760K. Total functional expenses rose by 52.4%, from $340K to $518K. In its most recent filing year (2023), Seashore United Methodist Assembly reported a surplus of $47K, with revenue exceeding expenses. The organization holds $12K in liabilities against $760K in assets (debt-to-asset ratio: 1.6%), resulting in net assets of $748K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $565K | $518K | $760K | $12K | — | View 990 |
| 2022 | $610K | $590K | $714K | $13K | — | View 990 |
| 2021 | $473K | $474K | $693K | $13K | — | View 990 |
| 2020 | $496K | $437K | $694K | $13K | — | — |
| 2019 | $579K | $561K | $637K | $14K | — | View 990 |
| 2018 | $605K | $556K | $624K | $19K | — | View 990 |
| 2017 | $543K | $516K | $570K | $14K | — | View 990 |
| 2016 | $599K | $525K | $547K | $17K | — | View 990 |
| 2015 | $601K | $542K | $471K | $15K | — | View 990 |
| 2014 | $632K | $510K | $412K | $16K | — | View 990 |
| 2013 | $549K | $512K | $297K | $23K | — | View 990 |
| 2012 | $419K | $417K | $265K | $28K | — | View 990 |
| 2011 | $320K | $360K | $258K | $23K | — | View 990 |
| 2010 | $337K | $340K | $282K | $7K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $565K, expenses of $518K, and assets of $760K (revenue -7.4% year-over-year).
- 2022: Revenue of $610K, expenses of $590K, and assets of $714K (revenue +29.0% year-over-year).
- 2021: Revenue of $473K, expenses of $474K, and assets of $693K (revenue -4.5% year-over-year).
- 2020: Revenue of $496K, expenses of $437K, and assets of $694K (revenue -14.4% year-over-year).
- 2019: Revenue of $579K, expenses of $561K, and assets of $637K (revenue -4.3% year-over-year).
- 2018: Revenue of $605K, expenses of $556K, and assets of $624K (revenue +11.4% year-over-year).
- 2017: Revenue of $543K, expenses of $516K, and assets of $570K (revenue -9.4% year-over-year).
- 2016: Revenue of $599K, expenses of $525K, and assets of $547K (revenue -0.2% year-over-year).
- 2015: Revenue of $601K, expenses of $542K, and assets of $471K (revenue -4.9% year-over-year).
- 2014: Revenue of $632K, expenses of $510K, and assets of $412K (revenue +15.1% year-over-year).
- 2013: Revenue of $549K, expenses of $512K, and assets of $297K (revenue +31.0% year-over-year).
- 2012: Revenue of $419K, expenses of $417K, and assets of $265K (revenue +31.1% year-over-year).
- 2011: Revenue of $320K, expenses of $360K, and assets of $258K (revenue -5.1% year-over-year).
- 2010: Revenue of $337K, expenses of $340K, and assets of $282K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Seashore United Methodist Assembly:
Data Sources and Methodology
This transparency report for Seashore United Methodist Assembly 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.