Solid Grounds Ministries Inc
Solid Grounds Ministries Inc. faced a significant deficit in 2023, with expenses more than double its revenue, despite consistent zero officer compensation.
EIN: 204987865 · Greenville, SC · NTEE: O51 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $51K |
| Total Expenses | $138K |
| Program Spending | 80% |
| Net Assets | $12K |
| Transparency Score | 70/100 |
Is Solid Grounds Ministries Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Solid Grounds Ministries Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Solid Grounds Ministries Inc
Solid Grounds Ministries Inc (EIN: 204987865) is a nonprofit organization based in Greenville, SC, classified under NTEE code O51. The organization reported total revenue of $51K and total assets of $13K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Solid Grounds Ministries Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Solid Grounds Ministries Inc is a micro nonprofit that has been operating for 19 years, with 5 years of IRS 990 filings on record (2018–2023). Revenue has grown at a compound annual rate of 3.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $66K |
| Total Expenses | $138K |
| Surplus / Deficit | $-71,929 |
| Total Assets | $12K |
| Net Assets | $12K |
| Operating Margin | -108.2% |
| Months of Reserves | 1.1 months |
Financial Health Grade: C
In 2023, Solid Grounds Ministries Inc reported a deficit of $72K with expenses exceeding revenue, holds 1.1 months of operating reserves (limited).
Financial Trends
Over 5 years of filings (2018–2023), Solid Grounds Ministries Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -17.7% | +153.2% | -85.3% |
| 2022 | -11.9% | +37.1% | +27.0% |
| 2021 | +59.6% | -11.7% | +378.8% |
| 2020 | +3.7% | -18.2% | +1386200.0% |
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 Solid Grounds Ministries Inc with a Mission Score of 70 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Solid Grounds Ministries Inc 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 deficit of $72K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating a volunteer-led organization or one where leadership is compensated through other means not reported as officer compensation. This is a positive sign for directing funds towards the mission.
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 Solid Grounds Ministries Inc's IRS 990 filings:
- Significant deficit in the latest fiscal year (202312), with expenses ($138,400) more than double revenue ($66,471).
- Substantial decline in assets from $84,280 in 2022 to $12,351 in 2023, indicating potential financial strain or use of reserves.
- Fluctuating revenue and expense levels over the years, suggesting potential instability in financial planning or funding.
Strengths
The following positive indicators were identified for Solid Grounds Ministries Inc:
- Consistent reporting of 0% officer compensation across all filings, indicating a commitment to directing funds to the mission.
- Zero reported liabilities across all five filings, demonstrating sound financial management regarding debt.
- Long operational history with five filings available, suggesting established presence.
Frequently Asked Questions about Solid Grounds Ministries Inc
Is Solid Grounds Ministries Inc a legitimate charity?
Solid Grounds Ministries Inc (EIN: 204987865) is a registered tax-exempt nonprofit based in South Carolina. Our AI analysis gives it a Mission Score of 70/100. It has 5 years of IRS 990 filings on record. Total revenue: $51K. 3 red flags identified. 3 strengths noted. Financial health grade: C.
How does Solid Grounds Ministries Inc spend its money?
Solid Grounds Ministries Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Solid Grounds Ministries Inc tax-deductible?
Solid Grounds Ministries Inc is registered as a tax-exempt nonprofit (EIN: 204987865). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Solid Grounds Ministries Inc's spending goes to programs?
Solid Grounds Ministries Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Solid Grounds Ministries Inc compare to similar nonprofits?
With a transparency score of 70/100 (Good), Solid Grounds Ministries Inc is above average for NTEE category O51 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Solid Grounds Ministries Inc located?
Solid Grounds Ministries Inc is headquartered in Greenville, South Carolina and files with the IRS under EIN 204987865. It is classified under NTEE code O51.
How many years of IRS 990 filings does Solid Grounds Ministries Inc have?
Solid Grounds Ministries Inc has 5 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 $51K in total revenue.
What caused the significant increase in expenses and corresponding deficit in the 2023 fiscal year?
The provided data shows expenses of $138,400 against revenue of $66,471 in 2023, a substantial increase from previous years' expense levels (e.g., $54,656 in 2022). The specific reasons for this surge are not detailed in the summary data.
How does Solid Grounds Ministries Inc. plan to address the recent financial deficit and rebuild its asset base?
The organization's assets decreased from $84,280 in 2022 to $12,351 in 2023, likely due to the deficit. The summary data does not provide information on future financial strategies.
What are the primary program activities funded by Solid Grounds Ministries Inc. given its NTEE code O51?
The NTEE code O51 indicates 'Religious Activities'. However, the specific programs or services provided by Solid Grounds Ministries Inc. are not detailed in the financial summary.
Filing History
IRS 990 filing history for Solid Grounds Ministries Inc showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2018–2023), Solid Grounds Ministries Inc's revenue has grown by 19.9%, moving from $55K to $66K. Total assets increased by 1235000% over the same period, from $1 to $12K. Total functional expenses rose by 150.7%, from $55K to $138K. In its most recent filing year (2023), Solid Grounds Ministries Inc reported a deficit of $72K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $66K | $138K | $12K | $0 | — | View 990 |
| 2022 | $81K | $55K | $84K | $0 | — | View 990 |
| 2021 | $92K | $40K | $66K | $0 | — | — |
| 2020 | $57K | $45K | $14K | $0 | — | View 990 |
| 2018 | $55K | $55K | $1 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $66K, expenses of $138K, and assets of $12K (revenue -17.7% year-over-year).
- 2022: Revenue of $81K, expenses of $55K, and assets of $84K (revenue -11.9% year-over-year).
- 2021: Revenue of $92K, expenses of $40K, and assets of $66K (revenue +59.6% year-over-year).
- 2020: Revenue of $57K, expenses of $45K, and assets of $14K (revenue +3.7% year-over-year).
- 2018: Revenue of $55K, expenses of $55K, and assets of $1.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Solid Grounds Ministries Inc:
Data Sources and Methodology
This transparency report for Solid Grounds 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.