Simplicity Ministries
EIN: 742934302 · Fairview, OR · NTEE: X21
| Metric | Value |
|---|---|
| Total Revenue | $202K |
| Total Expenses | $176K |
| Net Assets | $178K |
Is Simplicity Ministries Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Simplicity Ministries
Simplicity Ministries (EIN: 742934302) is a nonprofit organization based in Fairview, OR, classified under NTEE code X21. The organization reported total revenue of $202K and total assets of $204K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Simplicity Ministries's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Simplicity Ministries is a small nonprofit that has been operating for 26 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $160K |
| Total Expenses | $176K |
| Surplus / Deficit | $-15,499 |
| Total Assets | $178K |
| Total Liabilities | $662 |
| Net Assets | $178K |
| Operating Margin | -9.7% |
| Debt-to-Asset Ratio | 0.4% |
| Months of Reserves | 12.2 months |
Financial Health Grade: B
In 2023, Simplicity Ministries reported a deficit of $15K with expenses exceeding revenue, holds 12.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Simplicity Ministries's revenue has grown at a compound annual growth rate (CAGR) of 4.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.5% | +20.7% | -7.9% |
| 2022 | +9.5% | +-0.0% | +4.8% |
| 2021 | +3.0% | +4.4% | -2.5% |
| 2020 | -13.0% | +6.4% | -1.2% |
| 2019 | +2.3% | -3.5% | +16.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 2000 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Simplicity Ministries 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 Simplicity Ministries 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 $15K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.4%.
Frequently Asked Questions about Simplicity Ministries
Is Simplicity Ministries a legitimate charity?
Based on AI analysis of IRS 990 filings, Simplicity Ministries (EIN: 742934302) insufficient data. 0 red flags identified, 0 strengths noted.
How does Simplicity Ministries spend its money?
Detailed spending breakdown data is not yet available for Simplicity Ministries. Check back for updated IRS 990 analysis.
Are donations to Simplicity Ministries tax-deductible?
Simplicity Ministries is registered as a tax-exempt nonprofit (EIN: 742934302). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Simplicity Ministries located?
Simplicity Ministries is headquartered in Fairview, Oregon and files with the IRS under EIN 742934302. It is classified under NTEE code X21.
How many years of IRS 990 filings does Simplicity Ministries have?
Simplicity Ministries has 13 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 $202K in total revenue.
Filing History
IRS 990 filing history for Simplicity Ministries showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Simplicity Ministries's revenue has grown by 65.9%, moving from $97K to $160K. Total assets increased by 638.8% over the same period, from $24K to $178K. Total functional expenses rose by 81.6%, from $97K to $176K. In its most recent filing year (2023), Simplicity Ministries reported a deficit of $15K, with expenses exceeding revenue. The organization holds $662 in liabilities against $178K in assets (debt-to-asset ratio: 0.4%), resulting in net assets of $178K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $160K | $176K | $178K | $662 | — | View 990 |
| 2022 | $155K | $146K | $194K | $375 | — | — |
| 2021 | $141K | $146K | $185K | $655 | — | View 990 |
| 2020 | $137K | $139K | $189K | $1K | — | — |
| 2019 | $158K | $131K | $192K | $1K | — | View 990 |
| 2018 | $154K | $136K | $164K | $208 | — | View 990 |
| 2017 | $148K | $116K | $146K | $183 | — | View 990 |
| 2016 | $134K | $105K | $117K | $3K | — | View 990 |
| 2015 | $168K | $118K | $85K | $271 | — | View 990 |
| 2014 | $96K | $87K | $37K | $2K | — | View 990 |
| 2013 | $89K | $91K | $26K | $618 | — | View 990 |
| 2012 | $120K | $116K | $28K | $140 | — | View 990 |
| 2011 | $97K | $97K | $24K | $871 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $160K, expenses of $176K, and assets of $178K (revenue +3.5% year-over-year).
- 2022: Revenue of $155K, expenses of $146K, and assets of $194K (revenue +9.5% year-over-year).
- 2021: Revenue of $141K, expenses of $146K, and assets of $185K (revenue +3.0% year-over-year).
- 2020: Revenue of $137K, expenses of $139K, and assets of $189K (revenue -13.0% year-over-year).
- 2019: Revenue of $158K, expenses of $131K, and assets of $192K (revenue +2.3% year-over-year).
- 2018: Revenue of $154K, expenses of $136K, and assets of $164K (revenue +3.7% year-over-year).
- 2017: Revenue of $148K, expenses of $116K, and assets of $146K (revenue +10.5% year-over-year).
- 2016: Revenue of $134K, expenses of $105K, and assets of $117K (revenue -20.1% year-over-year).
- 2015: Revenue of $168K, expenses of $118K, and assets of $85K (revenue +75.9% year-over-year).
- 2014: Revenue of $96K, expenses of $87K, and assets of $37K (revenue +7.7% year-over-year).
- 2013: Revenue of $89K, expenses of $91K, and assets of $26K (revenue -26.1% year-over-year).
- 2012: Revenue of $120K, expenses of $116K, and assets of $28K (revenue +24.4% year-over-year).
- 2011: Revenue of $97K, expenses of $97K, and assets of $24K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Simplicity Ministries:
Data Sources and Methodology
This transparency report for Simplicity 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.