Shunem Ministries Inc
Shunem Ministries Inc. maintains stable operations with volunteer leadership, but assets have declined over the past decade.
EIN: 203363838 · Noblesville, IN · NTEE: X21 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $116K |
| Total Expenses | $92K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $100,000 |
| Net Assets | $291K |
| Transparency Score | 75/100 |
Is Shunem Ministries Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Shunem Ministries Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Shunem Ministries Inc
Shunem Ministries Inc (EIN: 203363838) is a nonprofit organization based in Noblesville, IN, classified under NTEE code X21. The organization reported total revenue of $116K and total assets of $493K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Shunem Ministries Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Shunem Ministries Inc is a small nonprofit that has been operating for 20 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 13.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $128K |
| Total Expenses | $92K |
| Surplus / Deficit | +$36K |
| Total Assets | $482K |
| Total Liabilities | $191K |
| Net Assets | $291K |
| Operating Margin | 28.0% |
| Debt-to-Asset Ratio | 39.7% |
| Months of Reserves | 62.7 months |
Financial Health Grade: A
In 2023, Shunem Ministries Inc reported a surplus of $36K with revenue exceeding expenses, holds 62.7 months of operating reserves (strong position), has a debt-to-asset ratio of 39.7% (moderate leverage).
Financial Trends
Over 12 years of filings (2011–2023), Shunem Ministries Inc's revenue has grown at a compound annual growth rate (CAGR) of 13.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -1.7% | -19.2% | +1.6% |
| 2022 | -8.0% | -10.3% | -0.3% |
| 2021 | +40.5% | -7.3% | -15.8% |
| 2019 | +20.9% | +60.3% | -8.0% |
| 2018 | -4.9% | -0.8% | -5.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| 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 Shunem Ministries Inc with a Mission Score of 75 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: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Shunem Ministries Inc allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. 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 surplus of $36K, with revenue exceeding expenses.
- Debt-to-asset ratio: 39.7%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's leadership is entirely volunteer-based, which is highly commendable for an organization of its size with revenues typically around $100,000-$140,000.
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 Shunem Ministries Inc's IRS 990 filings:
- Lack of detailed expense breakdown in summary data
- Consistent decline in total assets over the past decade
Strengths
The following positive indicators were identified for Shunem Ministries Inc:
- Consistent 0% officer compensation, indicating volunteer leadership
- Revenues generally cover expenses in recent years
- Improved debt-to-asset ratio due to decreasing liabilities
Frequently Asked Questions about Shunem Ministries Inc
Is Shunem Ministries Inc a legitimate charity?
Shunem Ministries Inc (EIN: 203363838) is a registered tax-exempt nonprofit based in Indiana. Our AI analysis gives it a Mission Score of 75/100. It has 12 years of IRS 990 filings on record. Total revenue: $116K. 2 red flags identified. 3 strengths noted. Financial health grade: A.
How does Shunem Ministries Inc spend its money?
Shunem Ministries Inc directs 80% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Shunem Ministries Inc tax-deductible?
Shunem Ministries Inc is registered as a tax-exempt nonprofit (EIN: 203363838). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Shunem Ministries Inc CEO make?
Shunem Ministries Inc's highest-compensated officer earns $100,000 annually. The organization reported $116K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Shunem Ministries Inc's spending goes to programs?
Shunem Ministries Inc directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Shunem Ministries Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Shunem Ministries Inc is above average for NTEE category X21 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Shunem Ministries Inc located?
Shunem Ministries Inc is headquartered in Noblesville, Indiana and files with the IRS under EIN 203363838. It is classified under NTEE code X21.
How many years of IRS 990 filings does Shunem Ministries Inc have?
Shunem Ministries Inc has 12 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 $116K in total revenue.
Is Shunem Ministries Inc. financially stable?
Yes, the organization appears financially stable, with revenues generally exceeding expenses in recent years (e.g., 2023 revenue of $128,140 vs. expenses of $92,224). While assets have declined, liabilities have also decreased, suggesting managed financial health.
How does Shunem Ministries Inc. manage executive compensation?
Shunem Ministries Inc. reports 0% officer compensation in all available filings, indicating a volunteer-led organization with no paid executives.
What is the trend in the organization's assets?
The organization's assets have shown a gradual decline from a high of $679,195 in 2014 to $482,050 in 2023.
Is the organization transparent about its spending?
While executive compensation is transparently reported as zero, the provided summary data lacks a detailed breakdown of program, administrative, and fundraising expenses, which limits a full assessment of spending transparency.
Filing History
IRS 990 filing history for Shunem Ministries Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Shunem Ministries Inc's revenue has grown by 371.9%, moving from $27K to $128K. Total assets increased by 68470.4% over the same period, from $703 to $482K. Total functional expenses rose by 107.9%, from $44K to $92K. In its most recent filing year (2023), Shunem Ministries Inc reported a surplus of $36K, with revenue exceeding expenses. The organization holds $191K in liabilities against $482K in assets (debt-to-asset ratio: 39.7%), resulting in net assets of $291K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $128K | $92K | $482K | $191K | — | — |
| 2022 | $130K | $114K | $474K | $220K | — | — |
| 2021 | $142K | $127K | $476K | $235K | — | View 990 |
| 2019 | $101K | $137K | $565K | $269K | — | View 990 |
| 2018 | $83K | $86K | $614K | $282K | — | View 990 |
| 2017 | $88K | $86K | $649K | $314K | — | View 990 |
| 2016 | $95K | $75K | $661K | $327K | — | View 990 |
| 2015 | $86K | $75K | $655K | $340K | — | View 990 |
| 2014 | $89K | $111K | $679K | $359K | — | View 990 |
| 2013 | $250K | $61K | $674K | $359K | — | View 990 |
| 2012 | $148K | $22K | $127K | $0 | — | View 990 |
| 2011 | $27K | $44K | $703 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $128K, expenses of $92K, and assets of $482K (revenue -1.7% year-over-year).
- 2022: Revenue of $130K, expenses of $114K, and assets of $474K (revenue -8.0% year-over-year).
- 2021: Revenue of $142K, expenses of $127K, and assets of $476K (revenue +40.5% year-over-year).
- 2019: Revenue of $101K, expenses of $137K, and assets of $565K (revenue +20.9% year-over-year).
- 2018: Revenue of $83K, expenses of $86K, and assets of $614K (revenue -4.9% year-over-year).
- 2017: Revenue of $88K, expenses of $86K, and assets of $649K (revenue -7.2% year-over-year).
- 2016: Revenue of $95K, expenses of $75K, and assets of $661K (revenue +10.6% year-over-year).
- 2015: Revenue of $86K, expenses of $75K, and assets of $655K (revenue -3.7% year-over-year).
- 2014: Revenue of $89K, expenses of $111K, and assets of $679K (revenue -64.4% year-over-year).
- 2013: Revenue of $250K, expenses of $61K, and assets of $674K (revenue +68.3% year-over-year).
- 2012: Revenue of $148K, expenses of $22K, and assets of $127K (revenue +446.3% year-over-year).
- 2011: Revenue of $27K, expenses of $44K, and assets of $703.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Shunem Ministries Inc:
Data Sources and Methodology
This transparency report for Shunem 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.