Sisters Of The Immaculate Heart Of Mary At Mirinae
Sisters Of The Immaculate Heart Of Mary At Mirinae shows consistent revenue growth and no reported officer compensation.
EIN: 203626011 · Ridgefield, NJ · NTEE: X220 · Updated: 2026-03-28
Is Sisters Of The Immaculate Heart Of Mary At Mirinae Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Sisters Of The Immaculate Heart Of Mary At Mirinae directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Sisters Of The Immaculate Heart Of Mary At Mirinae
Sisters Of The Immaculate Heart Of Mary At Mirinae (EIN: 203626011) is a nonprofit organization based in Ridgefield, NJ, classified under NTEE code X220. The organization reported total revenue of $1.0M and total assets of $3.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sisters Of The Immaculate Heart Of Mary At Mirinae's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sisters Of The Immaculate Heart Of Mary At Mirinae is a mid-size nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 10.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $911K |
| Total Expenses | $723K |
| Surplus / Deficit | +$188K |
| Total Assets | $3.5M |
| Total Liabilities | $1.2M |
| Net Assets | $2.3M |
| Operating Margin | 20.6% |
| Debt-to-Asset Ratio | 34.7% |
| Months of Reserves | 58.2 months |
Financial Health Grade: A
In 2023, Sisters Of The Immaculate Heart Of Mary At Mirinae reported a surplus of $188K with revenue exceeding expenses, holds 58.2 months of operating reserves (strong position), has a debt-to-asset ratio of 34.7% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Sisters Of The Immaculate Heart Of Mary At Mirinae's revenue has grown at a compound annual growth rate (CAGR) of 10.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +9.5% | +7.5% | +5.7% |
| 2022 | +28.7% | +11.2% | +5.0% |
| 2021 | +53.8% | +63.6% | +1.3% |
| 2020 | -36.1% | -18.1% | -0.6% |
| 2019 | -2.1% | +21.9% | +7.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Sisters Of The Immaculate Heart Of Mary At Mirinae with a Mission Score of 85 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Sisters Of The Immaculate Heart Of Mary At Mirinae allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. 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 $188K, with revenue exceeding expenses.
- Debt-to-asset ratio: 34.7%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filing periods, indicating that no salaries are paid to its officers, which is highly commendable for a nonprofit of its size with assets exceeding $3.5 million.
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 Sisters Of The Immaculate Heart Of Mary At Mirinae's IRS 990 filings:
- Consistent high liabilities without clear explanation in provided data
- Lack of detailed expense breakdown (program, admin, fundraising) in provided summary data
Strengths
The following positive indicators were identified for Sisters Of The Immaculate Heart Of Mary At Mirinae:
- Consistent revenue growth over the past decade
- No reported officer compensation, indicating efficient use of funds
- Steady increase in assets, strengthening financial position
- Revenues consistently exceeding expenses in recent years, leading to surpluses
Frequently Asked Questions about Sisters Of The Immaculate Heart Of Mary At Mirinae
Is Sisters Of The Immaculate Heart Of Mary At Mirinae a legitimate charity?
Based on AI analysis of IRS 990 filings, Sisters Of The Immaculate Heart Of Mary At Mirinae (EIN: 203626011) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Sisters Of The Immaculate Heart Of Mary At Mirinae spend its money?
Sisters Of The Immaculate Heart Of Mary At Mirinae directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Sisters Of The Immaculate Heart Of Mary At Mirinae tax-deductible?
Sisters Of The Immaculate Heart Of Mary At Mirinae is registered as a tax-exempt nonprofit (EIN: 203626011). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Sisters Of The Immaculate Heart Of Mary At Mirinae a good charity?
Based on the provided data, the organization demonstrates strong financial health with consistent revenue growth and no reported officer compensation, suggesting a high dedication to its mission. However, a full assessment would require detailed expense breakdowns to confirm program spending efficiency.
How has the organization's revenue grown over time?
Revenue has shown significant growth, increasing from $138,202 in 2014 to $911,164 in 2023, indicating a strong upward trend in financial support.
What is the trend in the organization's assets?
Assets have steadily increased from $2,725,978 in 2014 to $3,511,085 in 2023, reflecting a growing financial base and capacity.
Why are liabilities consistently high?
Liabilities have remained consistently high, around $1.2 million in recent years, and were even higher in earlier periods. Without further detail from the full 990 forms, the nature of these liabilities (e.g., mortgages, program-related debt) cannot be fully determined, but they warrant further investigation.
Does the organization pay its executives?
No, the organization consistently reports 0% officer compensation across all available filing periods, indicating that no salaries are paid to its officers.
Filing History
IRS 990 filing history for Sisters Of The Immaculate Heart Of Mary At Mirinae showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Sisters Of The Immaculate Heart Of Mary At Mirinae's revenue has grown by 225.4%, moving from $280K to $911K. Total assets increased by 20.8% over the same period, from $2.9M to $3.5M. Total functional expenses rose by 386.3%, from $149K to $723K. In its most recent filing year (2023), Sisters Of The Immaculate Heart Of Mary At Mirinae reported a surplus of $188K, with revenue exceeding expenses. The organization holds $1.2M in liabilities against $3.5M in assets (debt-to-asset ratio: 34.7%), resulting in net assets of $2.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $911K | $723K | $3.5M | $1.2M | — | — |
| 2022 | $832K | $673K | $3.3M | $1.2M | — | View 990 |
| 2021 | $647K | $605K | $3.2M | $1.2M | — | View 990 |
| 2020 | $421K | $370K | $3.1M | $1.2M | — | — |
| 2019 | $659K | $452K | $3.1M | $1.3M | — | View 990 |
| 2018 | $673K | $371K | $2.9M | $1.3M | — | View 990 |
| 2017 | $621K | $335K | $3.1M | $1.7M | — | View 990 |
| 2016 | $587K | $325K | $3.1M | $2.0M | — | View 990 |
| 2015 | $321K | $309K | $2.8M | $2.0M | — | View 990 |
| 2014 | $138K | $225K | $2.7M | $1.9M | — | View 990 |
| 2013 | $307K | $267K | $3.0M | $2.2M | — | View 990 |
| 2012 | $285K | $200K | $3.0M | $2.2M | — | View 990 |
| 2011 | $280K | $149K | $2.9M | $2.2M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $911K, expenses of $723K, and assets of $3.5M (revenue +9.5% year-over-year).
- 2022: Revenue of $832K, expenses of $673K, and assets of $3.3M (revenue +28.7% year-over-year).
- 2021: Revenue of $647K, expenses of $605K, and assets of $3.2M (revenue +53.8% year-over-year).
- 2020: Revenue of $421K, expenses of $370K, and assets of $3.1M (revenue -36.1% year-over-year).
- 2019: Revenue of $659K, expenses of $452K, and assets of $3.1M (revenue -2.1% year-over-year).
- 2018: Revenue of $673K, expenses of $371K, and assets of $2.9M (revenue +8.3% year-over-year).
- 2017: Revenue of $621K, expenses of $335K, and assets of $3.1M (revenue +5.9% year-over-year).
- 2016: Revenue of $587K, expenses of $325K, and assets of $3.1M (revenue +82.7% year-over-year).
- 2015: Revenue of $321K, expenses of $309K, and assets of $2.8M (revenue +132.5% year-over-year).
- 2014: Revenue of $138K, expenses of $225K, and assets of $2.7M (revenue -54.9% year-over-year).
- 2013: Revenue of $307K, expenses of $267K, and assets of $3.0M (revenue +7.7% year-over-year).
- 2012: Revenue of $285K, expenses of $200K, and assets of $3.0M (revenue +1.7% year-over-year).
- 2011: Revenue of $280K, expenses of $149K, and assets of $2.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Sisters Of The Immaculate Heart Of Mary At Mirinae:
Data Sources and Methodology
This transparency report for Sisters Of The Immaculate Heart Of Mary At Mirinae 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.