Steelbridge Ministries
EIN: 850208645 · Albuquerque, NM · NTEE: P85Z
| Metric | Value |
|---|---|
| Total Revenue | $2.3M |
| Total Expenses | $1.5M |
| Net Assets | $4.1M |
Is Steelbridge Ministries Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Steelbridge Ministries
Steelbridge Ministries (EIN: 850208645) is a nonprofit organization based in Albuquerque, NM, classified under NTEE code P85Z. The organization reported total revenue of $2.3M and total assets of $5.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Steelbridge Ministries's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Steelbridge Ministries is a mid-size nonprofit that has been operating for 56 years, with 5 years of IRS 990 filings on record (2019–2023). Revenue has grown at a compound annual rate of -12.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.5M |
| Total Expenses | $1.5M |
| Surplus / Deficit | +$26K |
| Total Assets | $5.1M |
| Total Liabilities | $962K |
| Net Assets | $4.1M |
| Operating Margin | 1.7% |
| Debt-to-Asset Ratio | 19.0% |
| Months of Reserves | 41.4 months |
Financial Health Grade: A
In 2023, Steelbridge Ministries reported a surplus of $26K with revenue exceeding expenses, holds 41.4 months of operating reserves (strong position), has a debt-to-asset ratio of 19.0% (very low leverage).
Financial Trends
Over 5 years of filings (2019–2023), Steelbridge Ministries's revenue has declined at a compound annual growth rate (CAGR) of -12.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -24.9% | -1.2% | -0.8% |
| 2022 | -33.9% | -9.7% | -3.6% |
| 2021 | +49.5% | -14.7% | +26.1% |
| 2020 | -20.8% | -26.4% | +3.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 1970 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Steelbridge 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 Steelbridge 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 $26K, with revenue exceeding expenses.
- Debt-to-asset ratio: 19.0%.
Frequently Asked Questions about Steelbridge Ministries
Is Steelbridge Ministries a legitimate charity?
Steelbridge Ministries (EIN: 850208645) is a registered tax-exempt nonprofit based in New Mexico. It has 5 years of IRS 990 filings on record. Total revenue: $2.3M. No red flags identified. Financial health grade: A.
How does Steelbridge Ministries spend its money?
Steelbridge Ministries reported $2.3M in total revenue in IRS 990 filings. 5 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Steelbridge Ministries tax-deductible?
Steelbridge Ministries is registered as a tax-exempt nonprofit (EIN: 850208645). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Steelbridge Ministries located?
Steelbridge Ministries is headquartered in Albuquerque, New Mexico and files with the IRS under EIN 850208645. It is classified under NTEE code P85Z.
How many years of IRS 990 filings does Steelbridge Ministries have?
Steelbridge Ministries 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 $2.3M in total revenue.
Filing History
IRS 990 filing history for Steelbridge Ministries showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2019–2023), Steelbridge Ministries's revenue has declined by 41.2%, moving from $2.5M to $1.5M. Total assets increased by 24.4% over the same period, from $4.1M to $5.1M. Total functional expenses fell by 44%, from $2.6M to $1.5M. In its most recent filing year (2023), Steelbridge Ministries reported a surplus of $26K, with revenue exceeding expenses. The organization holds $962K in liabilities against $5.1M in assets (debt-to-asset ratio: 19.0%), resulting in net assets of $4.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.5M | $1.5M | $5.1M | $962K | — | View 990 |
| 2022 | $2.0M | $1.5M | $5.1M | $1.0M | — | View 990 |
| 2021 | $3.0M | $1.6M | $5.3M | $1.7M | — | — |
| 2020 | $2.0M | $1.9M | $4.2M | $2.0M | — | View 990 |
| 2019 | $2.5M | $2.6M | $4.1M | $1.9M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.5M, expenses of $1.5M, and assets of $5.1M (revenue -24.9% year-over-year).
- 2022: Revenue of $2.0M, expenses of $1.5M, and assets of $5.1M (revenue -33.9% year-over-year).
- 2021: Revenue of $3.0M, expenses of $1.6M, and assets of $5.3M (revenue +49.5% year-over-year).
- 2020: Revenue of $2.0M, expenses of $1.9M, and assets of $4.2M (revenue -20.8% year-over-year).
- 2019: Revenue of $2.5M, expenses of $2.6M, and assets of $4.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Steelbridge Ministries:
Data Sources and Methodology
This transparency report for Steelbridge 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.