Starting Over Ministries Inc
EIN: 274523738 · Hot Springs, AR · NTEE: O50
| Metric | Value |
|---|---|
| Total Revenue | $13K |
| Total Expenses | $10K |
| Net Assets | $5K |
Is Starting Over Ministries Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Starting Over Ministries Inc
Starting Over Ministries Inc (EIN: 274523738) is a nonprofit organization based in Hot Springs, AR, classified under NTEE code O50. The organization reported total revenue of $13K and total assets of $5K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Starting Over Ministries Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Starting Over Ministries Inc is a micro nonprofit that has been operating for 15 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $13K |
| Total Expenses | $10K |
| Surplus / Deficit | +$3K |
| Total Assets | $5K |
| Net Assets | $5K |
| Operating Margin | 22.7% |
| Months of Reserves | 5.5 months |
Financial Health Grade: A
In 2023, Starting Over Ministries Inc reported a surplus of $3K with revenue exceeding expenses, holds 5.5 months of operating reserves (adequate).
Financial Trends
Over 13 years of filings (2011–2023), Starting Over Ministries Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.3% | -24.1% | +177.9% |
| 2022 | +61.7% | -52.3% | -28.3% |
| 2021 | +4598.2% | +818.5% | -89.6% |
| 2020 | -99.5% | -90.4% | -11.4% |
| 2019 | +33.9% | +51.7% | +1.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2011 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Starting Over Ministries Inc 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 Starting Over Ministries Inc 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 $3K, with revenue exceeding expenses.
Frequently Asked Questions about Starting Over Ministries Inc
Is Starting Over Ministries Inc a legitimate charity?
Starting Over Ministries Inc (EIN: 274523738) is a registered tax-exempt nonprofit based in Arkansas. It has 13 years of IRS 990 filings on record. Total revenue: $13K. No red flags identified. Financial health grade: A.
How does Starting Over Ministries Inc spend its money?
Starting Over Ministries Inc reported $13K 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 Starting Over Ministries Inc tax-deductible?
Starting Over Ministries Inc is registered as a tax-exempt nonprofit (EIN: 274523738). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Starting Over Ministries Inc located?
Starting Over Ministries Inc is headquartered in Hot Springs, Arkansas and files with the IRS under EIN 274523738. It is classified under NTEE code O50.
How many years of IRS 990 filings does Starting Over Ministries Inc have?
Starting Over Ministries Inc 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 $13K in total revenue.
Filing History
IRS 990 filing history for Starting Over Ministries Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Starting Over Ministries Inc's revenue has grown by 32.1%, moving from $10K to $13K. Total assets decreased by 21.4% over the same period, from $6K to $5K. Total functional expenses rose by 152.5%, from $4K to $10K. In its most recent filing year (2023), Starting Over Ministries Inc reported a surplus of $3K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $13K | $10K | $5K | $0 | — | View 990 |
| 2022 | $12K | $13K | $2K | $0 | — | View 990 |
| 2021 | $8K | $27K | $2K | $0 | — | — |
| 2020 | $164 | $3K | $22K | $0 | — | — |
| 2019 | $31K | $31K | $25K | $0 | — | View 990 |
| 2018 | $23K | $21K | $24K | $0 | — | View 990 |
| 2017 | $37K | $41K | $20K | $0 | — | View 990 |
| 2016 | $41K | $44K | $24K | $0 | — | View 990 |
| 2015 | $37K | $26K | $27K | $0 | — | View 990 |
| 2014 | $36K | $28K | $20K | $0 | — | View 990 |
| 2013 | $32K | $25K | $11K | $0 | — | View 990 |
| 2012 | $1K | $17K | $5K | $15K | — | View 990 |
| 2011 | $10K | $4K | $6K | $0 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $13K, expenses of $10K, and assets of $5K (revenue +3.3% year-over-year).
- 2022: Revenue of $12K, expenses of $13K, and assets of $2K (revenue +61.7% year-over-year).
- 2021: Revenue of $8K, expenses of $27K, and assets of $2K (revenue +4598.2% year-over-year).
- 2020: Revenue of $164, expenses of $3K, and assets of $22K (revenue -99.5% year-over-year).
- 2019: Revenue of $31K, expenses of $31K, and assets of $25K (revenue +33.9% year-over-year).
- 2018: Revenue of $23K, expenses of $21K, and assets of $24K (revenue -37.8% year-over-year).
- 2017: Revenue of $37K, expenses of $41K, and assets of $20K (revenue -9.8% year-over-year).
- 2016: Revenue of $41K, expenses of $44K, and assets of $24K (revenue +12.0% year-over-year).
- 2015: Revenue of $37K, expenses of $26K, and assets of $27K (revenue +1.0% year-over-year).
- 2014: Revenue of $36K, expenses of $28K, and assets of $20K (revenue +12.6% year-over-year).
- 2013: Revenue of $32K, expenses of $25K, and assets of $11K (revenue +2990.2% year-over-year).
- 2012: Revenue of $1K, expenses of $17K, and assets of $5K (revenue -89.3% year-over-year).
- 2011: Revenue of $10K, expenses of $4K, and assets of $6K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Starting Over Ministries Inc:
Data Sources and Methodology
This transparency report for Starting Over 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.