Soul Purpose Ministries
EIN: 260195776 · Fergus Falls, MN · NTEE: X21
| Metric | Value |
|---|---|
| Total Revenue | $181K |
| Total Expenses | $119K |
| Net Assets | $166K |
Is Soul Purpose Ministries Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Soul Purpose Ministries
Soul Purpose Ministries (EIN: 260195776) is a nonprofit organization based in Fergus Falls, MN, classified under NTEE code X21. The organization reported total revenue of $181K and total assets of $267K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Soul Purpose Ministries's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Soul Purpose Ministries is a small 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 31.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $175K |
| Total Expenses | $119K |
| Surplus / Deficit | +$56K |
| Total Assets | $227K |
| Total Liabilities | $62K |
| Net Assets | $166K |
| Operating Margin | 32.2% |
| Debt-to-Asset Ratio | 27.1% |
| Months of Reserves | 23.0 months |
Financial Health Grade: A
In 2023, Soul Purpose Ministries reported a surplus of $56K with revenue exceeding expenses, holds 23.0 months of operating reserves (strong position), has a debt-to-asset ratio of 27.1% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Soul Purpose Ministries's revenue has grown at a compound annual growth rate (CAGR) of 31.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +59.3% | +10.7% | +2262.6% |
| 2022 | +170.8% | +211.9% | -13.2% |
| 2020 | -100.0% | -98.7% | -98.5% |
| 2019 | -97.2% | -22.5% | -98.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Soul Purpose 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 Soul Purpose 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 surplus of $56K, with revenue exceeding expenses.
- Debt-to-asset ratio: 27.1%.
Frequently Asked Questions about Soul Purpose Ministries
Is Soul Purpose Ministries a legitimate charity?
Soul Purpose Ministries (EIN: 260195776) is a registered tax-exempt nonprofit based in Minnesota. It has 13 years of IRS 990 filings on record. Total revenue: $181K. No red flags identified. Financial health grade: A.
How does Soul Purpose Ministries spend its money?
Soul Purpose Ministries reported $181K in total revenue in IRS 990 filings. 13 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Soul Purpose Ministries tax-deductible?
Soul Purpose Ministries is registered as a tax-exempt nonprofit (EIN: 260195776). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Soul Purpose Ministries located?
Soul Purpose Ministries is headquartered in Fergus Falls, Minnesota and files with the IRS under EIN 260195776. It is classified under NTEE code X21.
How many years of IRS 990 filings does Soul Purpose Ministries have?
Soul Purpose 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 $181K in total revenue.
Filing History
IRS 990 filing history for Soul Purpose Ministries showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Soul Purpose Ministries's revenue has grown by 2654.9%, moving from $6K to $175K. Total assets increased by 2848.8% over the same period, from $8K to $227K. Total functional expenses rose by 1955.7%, from $6K to $119K. In its most recent filing year (2023), Soul Purpose Ministries reported a surplus of $56K, with revenue exceeding expenses. The organization holds $62K in liabilities against $227K in assets (debt-to-asset ratio: 27.1%), resulting in net assets of $166K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $175K | $119K | $227K | $62K | — | View 990 |
| 2022 | $110K | $107K | $10K | $17K | — | — |
| 2021 | $41K | $34K | $11K | $16K | — | — |
| 2020 | $0 | $67 | $1 | $0 | — | — |
| 2019 | $150 | $5K | $67 | $0 | — | View 990 |
| 2018 | $5K | $7K | $5K | $0 | — | View 990 |
| 2017 | $8K | $8K | $7K | $0 | — | View 990 |
| 2016 | $8K | $11K | $7K | $0 | — | View 990 |
| 2015 | $8K | $8K | $10K | $0 | — | View 990 |
| 2014 | $7K | $5K | $10K | $0 | — | View 990 |
| 2013 | $7K | $6K | $8K | $0 | — | View 990 |
| 2012 | $6K | $7K | $7K | $0 | — | View 990 |
| 2011 | $6K | $6K | $8K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $175K, expenses of $119K, and assets of $227K (revenue +59.3% year-over-year).
- 2022: Revenue of $110K, expenses of $107K, and assets of $10K (revenue +170.8% year-over-year).
- 2021: Revenue of $41K, expenses of $34K, and assets of $11K.
- 2020: Revenue of $0, expenses of $67, and assets of $1 (revenue -100.0% year-over-year).
- 2019: Revenue of $150, expenses of $5K, and assets of $67 (revenue -97.2% year-over-year).
- 2018: Revenue of $5K, expenses of $7K, and assets of $5K (revenue -35.3% year-over-year).
- 2017: Revenue of $8K, expenses of $8K, and assets of $7K (revenue +10.8% year-over-year).
- 2016: Revenue of $8K, expenses of $11K, and assets of $7K (revenue -6.6% year-over-year).
- 2015: Revenue of $8K, expenses of $8K, and assets of $10K (revenue +15.8% year-over-year).
- 2014: Revenue of $7K, expenses of $5K, and assets of $10K (revenue -3.5% year-over-year).
- 2013: Revenue of $7K, expenses of $6K, and assets of $8K (revenue +20.5% year-over-year).
- 2012: Revenue of $6K, expenses of $7K, and assets of $7K (revenue -5.7% year-over-year).
- 2011: Revenue of $6K, expenses of $6K, and assets of $8K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Soul Purpose Ministries:
Data Sources and Methodology
This transparency report for Soul Purpose 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.