Society For The Increase Of The Ministry
EIN: 66053077 · Hartford, CT · NTEE: B82
| Metric | Value |
|---|---|
| Total Revenue | $773K |
| Total Expenses | $592K |
| Net Assets | $4.3M |
Is Society For The Increase Of The Ministry Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Society For The Increase Of The Ministry
Society For The Increase Of The Ministry (EIN: 66053077) is a nonprofit organization based in Hartford, CT, classified under NTEE code B82. The organization reported total revenue of $773K and total assets of $4.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Society For The Increase Of The Ministry's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Society For The Increase Of The Ministry is a small nonprofit that has been operating for 4 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -1.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $291K |
| Total Expenses | $592K |
| Surplus / Deficit | $-301,404 |
| Total Assets | $4.3M |
| Total Liabilities | $27K |
| Net Assets | $4.3M |
| Operating Margin | -103.6% |
| Debt-to-Asset Ratio | 0.6% |
| Months of Reserves | 87.3 months |
Financial Health Grade: B
In 2023, Society For The Increase Of The Ministry reported a deficit of $301K with expenses exceeding revenue, holds 87.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.6% (very low leverage).
Financial Trends
Over 12 years of filings (2011–2023), Society For The Increase Of The Ministry's revenue has declined at a compound annual growth rate (CAGR) of -1.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -19.6% | -3.8% | +1.7% |
| 2022 | -66.6% | -1.8% | -6.3% |
| 2020 | +785.5% | -7.1% | +10.7% |
| 2019 | -94.1% | +18.5% | -11.3% |
| 2018 | +458.5% | -4.6% | +44.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2700 |
| IRS Ruling Date | 2022 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Society For The Increase Of The Ministry 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 Society For The Increase Of The Ministry 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 $301K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.6%.
Frequently Asked Questions about Society For The Increase Of The Ministry
Is Society For The Increase Of The Ministry a legitimate charity?
Based on AI analysis of IRS 990 filings, Society For The Increase Of The Ministry (EIN: 66053077) insufficient data. 0 red flags identified, 0 strengths noted.
How does Society For The Increase Of The Ministry spend its money?
Detailed spending breakdown data is not yet available for Society For The Increase Of The Ministry. Check back for updated IRS 990 analysis.
Are donations to Society For The Increase Of The Ministry tax-deductible?
Society For The Increase Of The Ministry is registered as a tax-exempt nonprofit (EIN: 66053077). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Society For The Increase Of The Ministry located?
Society For The Increase Of The Ministry is headquartered in Hartford, Connecticut and files with the IRS under EIN 66053077. It is classified under NTEE code B82.
How many years of IRS 990 filings does Society For The Increase Of The Ministry have?
Society For The Increase Of The Ministry 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 $773K in total revenue.
Filing History
IRS 990 filing history for Society For The Increase Of The Ministry showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Society For The Increase Of The Ministry's revenue has declined by 15%, moving from $343K to $291K. Total assets increased by 7.9% over the same period, from $4.0M to $4.3M. Total functional expenses fell by 3.5%, from $614K to $592K. In its most recent filing year (2023), Society For The Increase Of The Ministry reported a deficit of $301K, with expenses exceeding revenue. The organization holds $27K in liabilities against $4.3M in assets (debt-to-asset ratio: 0.6%), resulting in net assets of $4.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $291K | $592K | $4.3M | $27K | — | View 990 |
| 2022 | $362K | $616K | $4.2M | $26K | — | View 990 |
| 2020 | $1.1M | $627K | $4.5M | $38K | — | — |
| 2019 | $122K | $675K | $4.1M | $6K | — | — |
| 2018 | $2.1M | $570K | $4.6M | $16K | — | — |
| 2017 | $373K | $597K | $3.2M | $102K | — | View 990 |
| 2016 | $321K | $573K | $3.2M | $83K | — | — |
| 2015 | $522K | $513K | $3.5M | $7K | — | View 990 |
| 2014 | $534K | $560K | $3.9M | $32K | — | View 990 |
| 2013 | $342K | $627K | $3.5M | $2K | — | View 990 |
| 2012 | $369K | $625K | $3.5M | $3K | — | View 990 |
| 2011 | $343K | $614K | $4.0M | $7K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $291K, expenses of $592K, and assets of $4.3M (revenue -19.6% year-over-year).
- 2022: Revenue of $362K, expenses of $616K, and assets of $4.2M (revenue -66.6% year-over-year).
- 2020: Revenue of $1.1M, expenses of $627K, and assets of $4.5M (revenue +785.5% year-over-year).
- 2019: Revenue of $122K, expenses of $675K, and assets of $4.1M (revenue -94.1% year-over-year).
- 2018: Revenue of $2.1M, expenses of $570K, and assets of $4.6M (revenue +458.5% year-over-year).
- 2017: Revenue of $373K, expenses of $597K, and assets of $3.2M (revenue +16.4% year-over-year).
- 2016: Revenue of $321K, expenses of $573K, and assets of $3.2M (revenue -38.5% year-over-year).
- 2015: Revenue of $522K, expenses of $513K, and assets of $3.5M (revenue -2.3% year-over-year).
- 2014: Revenue of $534K, expenses of $560K, and assets of $3.9M (revenue +56.4% year-over-year).
- 2013: Revenue of $342K, expenses of $627K, and assets of $3.5M (revenue -7.4% year-over-year).
- 2012: Revenue of $369K, expenses of $625K, and assets of $3.5M (revenue +7.6% year-over-year).
- 2011: Revenue of $343K, expenses of $614K, and assets of $4.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Society For The Increase Of The Ministry:
Data Sources and Methodology
This transparency report for Society For The Increase Of The Ministry 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.