Seeker Springs Ministry Inc
Seeker Springs Ministry Inc. maintains stable assets but has recently experienced periods of expenses exceeding revenue.
EIN: 201084076 · Eros, LA · NTEE: N20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $535K |
| Total Expenses | $159K |
| Program Spending | 85% |
| Net Assets | $1.1M |
| Transparency Score | 80/100 |
Is Seeker Springs Ministry Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Seeker Springs Ministry Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Seeker Springs Ministry Inc
Seeker Springs Ministry Inc (EIN: 201084076) is a nonprofit organization based in Eros, LA, classified under NTEE code N20. The organization reported total revenue of $535K and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Seeker Springs Ministry Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Seeker Springs Ministry Inc is a small nonprofit that has been operating for 22 years, with 14 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -7.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $145K |
| Total Expenses | $159K |
| Surplus / Deficit | $-13,725 |
| Total Assets | $1.2M |
| Total Liabilities | $102K |
| Net Assets | $1.1M |
| Operating Margin | -9.5% |
| Debt-to-Asset Ratio | 8.6% |
| Months of Reserves | 89.2 months |
Financial Health Grade: B
In 2023, Seeker Springs Ministry Inc reported a deficit of $14K with expenses exceeding revenue, holds 89.2 months of operating reserves (strong position), has a debt-to-asset ratio of 8.6% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2023), Seeker Springs Ministry Inc's revenue has declined at a compound annual growth rate (CAGR) of -7.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -72.2% | -71.1% | -0.9% |
| 2023 | +4.8% | -4.8% | +1.3% |
| 2022 | +11.5% | +73.1% | -4.5% |
| 2021 | +40.7% | +2.4% | +5.0% |
| 2020 | -29.9% | -26.2% | +2.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 2004 |
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 Seeker Springs Ministry Inc with a Mission Score of 80 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Seeker Springs Ministry Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $14K, with expenses exceeding revenue.
- Debt-to-asset ratio: 8.6%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, suggesting that the organization's leadership may be volunteer-based or compensated through non-officer categories, which is a positive indicator for resource allocation to mission-related activities.
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 Seeker Springs Ministry Inc's IRS 990 filings:
- Recent periods show expenses exceeding revenue (e.g., 202308 and 202312), which could impact long-term sustainability if not managed.
Strengths
The following positive indicators were identified for Seeker Springs Ministry Inc:
- Consistent asset growth over the past decade, from $999,730 in 201508 to $1,179,105 in 202312.
- 0% officer compensation reported across all filings, indicating efficient use of funds for mission.
- Long history of IRS 990 filings (14 filings), demonstrating consistent transparency.
- Stable revenue base, generally ranging from $300,000 to $580,000 annually.
Frequently Asked Questions about Seeker Springs Ministry Inc
Is Seeker Springs Ministry Inc a legitimate charity?
Seeker Springs Ministry Inc (EIN: 201084076) is a registered tax-exempt nonprofit based in Louisiana. Our AI analysis gives it a Mission Score of 80/100. It has 14 years of IRS 990 filings on record. Total revenue: $535K. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does Seeker Springs Ministry Inc spend its money?
Seeker Springs Ministry Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Seeker Springs Ministry Inc tax-deductible?
Seeker Springs Ministry Inc is registered as a tax-exempt nonprofit (EIN: 201084076). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Seeker Springs Ministry Inc's spending goes to programs?
Seeker Springs Ministry Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Seeker Springs Ministry Inc compare to similar nonprofits?
With a transparency score of 80/100 (Excellent), Seeker Springs Ministry Inc is above average for NTEE category N20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Seeker Springs Ministry Inc located?
Seeker Springs Ministry Inc is headquartered in Eros, Louisiana and files with the IRS under EIN 201084076. It is classified under NTEE code N20.
How many years of IRS 990 filings does Seeker Springs Ministry Inc have?
Seeker Springs Ministry Inc 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 $535K in total revenue.
Is Seeker Springs Ministry Inc. a good charity?
Based on the available data, Seeker Springs Ministry Inc. appears to be a financially stable organization with growing assets and a commendable record of 0% officer compensation. While recent periods show expenses exceeding revenue, its long-term financial health and apparent dedication to its mission without high executive pay are positive indicators.
How has Seeker Springs Ministry Inc.'s financial health changed over time?
Seeker Springs Ministry Inc. has shown consistent asset growth, from $999,730 in 201508 to $1,179,105 in 202312. Revenue and expenses have fluctuated annually, with some years showing surpluses (e.g., 202108: Revenue $445,605, Expenses $333,664) and others showing deficits (e.g., 202308: Revenue $520,890, Expenses $549,715).
What is the trend in Seeker Springs Ministry Inc.'s revenue and expenses?
Revenue has generally ranged between $300,000 and $580,000 annually over the past decade. Expenses have largely tracked revenue, but recent filings (202308 and 202312) indicate expenses slightly exceeding revenue, a shift from earlier periods where surpluses were more common.
Does Seeker Springs Ministry Inc. pay its executives?
According to all available IRS 990 filings, Seeker Springs Ministry Inc. reports 0% officer compensation, indicating that no compensation is paid to officers in a manner that requires disclosure in that specific section of the 990.
Filing History
IRS 990 filing history for Seeker Springs Ministry Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2023), Seeker Springs Ministry Inc's revenue has declined by 61.4%, moving from $375K to $145K. Total assets increased by 26.7% over the same period, from $931K to $1.2M. Total functional expenses fell by 55.6%, from $357K to $159K. In its most recent filing year (2023), Seeker Springs Ministry Inc reported a deficit of $14K, with expenses exceeding revenue. The organization holds $102K in liabilities against $1.2M in assets (debt-to-asset ratio: 8.6%), resulting in net assets of $1.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $145K | $159K | $1.2M | $102K | — | View 990 |
| 2023 | $521K | $550K | $1.2M | $100K | — | View 990 |
| 2022 | $497K | $578K | $1.2M | $56K | — | View 990 |
| 2021 | $446K | $334K | $1.2M | $30K | — | View 990 |
| 2020 | $317K | $326K | $1.2M | $83K | — | View 990 |
| 2019 | $452K | $442K | $1.1M | $47K | — | — |
| 2018 | $583K | $447K | $1.1M | $30K | — | View 990 |
| 2017 | $526K | $484K | $1.0M | $54K | — | View 990 |
| 2016 | $426K | $390K | $998K | $66K | — | View 990 |
| 2015 | $421K | $386K | $1000K | $104K | — | — |
| 2014 | $457K | $392K | $982K | $121K | — | View 990 |
| 2013 | $383K | $366K | $934K | $139K | — | View 990 |
| 2012 | $412K | $379K | $939K | $161K | — | View 990 |
| 2011 | $375K | $357K | $931K | $185K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $145K, expenses of $159K, and assets of $1.2M (revenue -72.2% year-over-year).
- 2023: Revenue of $521K, expenses of $550K, and assets of $1.2M (revenue +4.8% year-over-year).
- 2022: Revenue of $497K, expenses of $578K, and assets of $1.2M (revenue +11.5% year-over-year).
- 2021: Revenue of $446K, expenses of $334K, and assets of $1.2M (revenue +40.7% year-over-year).
- 2020: Revenue of $317K, expenses of $326K, and assets of $1.2M (revenue -29.9% year-over-year).
- 2019: Revenue of $452K, expenses of $442K, and assets of $1.1M (revenue -22.5% year-over-year).
- 2018: Revenue of $583K, expenses of $447K, and assets of $1.1M (revenue +10.8% year-over-year).
- 2017: Revenue of $526K, expenses of $484K, and assets of $1.0M (revenue +23.5% year-over-year).
- 2016: Revenue of $426K, expenses of $390K, and assets of $998K (revenue +1.2% year-over-year).
- 2015: Revenue of $421K, expenses of $386K, and assets of $1000K (revenue -7.9% year-over-year).
- 2014: Revenue of $457K, expenses of $392K, and assets of $982K (revenue +19.3% year-over-year).
- 2013: Revenue of $383K, expenses of $366K, and assets of $934K (revenue -7.0% year-over-year).
- 2012: Revenue of $412K, expenses of $379K, and assets of $939K (revenue +9.8% year-over-year).
- 2011: Revenue of $375K, expenses of $357K, and assets of $931K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Seeker Springs Ministry Inc:
Data Sources and Methodology
This transparency report for Seeker Springs 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.