Sxmx Ministry Inc
Sxmx Ministry Inc. faces consistent operating deficits despite zero executive compensation, drawing down assets.
EIN: 201707262 · Louisville, KY · NTEE: X21 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $117K |
| Total Expenses | $96K |
| Program Spending | 80% |
| Net Assets | $122K |
| Transparency Score | 70/100 |
Is Sxmx Ministry Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Sxmx Ministry Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Sxmx Ministry Inc
Sxmx Ministry Inc (EIN: 201707262) is a nonprofit organization based in Louisville, KY, classified under NTEE code X21. The organization reported total revenue of $117K and total assets of $53K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sxmx Ministry Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sxmx Ministry Inc is a small nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -10.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $60K |
| Total Expenses | $96K |
| Surplus / Deficit | $-35,453 |
| Total Assets | $122K |
| Net Assets | $122K |
| Operating Margin | -58.7% |
| Months of Reserves | 15.3 months |
Financial Health Grade: B
In 2023, Sxmx Ministry Inc reported a deficit of $35K with expenses exceeding revenue, holds 15.3 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Sxmx Ministry Inc's revenue has declined at a compound annual growth rate (CAGR) of -10.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +51.6% | +45.0% | -22.5% |
| 2022 | -86.1% | -74.1% | -14.3% |
| 2021 | +138.8% | +62.1% | +21.1% |
| 2020 | +136.7% | +165.4% | -19.6% |
| 2019 | -57.6% | -47.6% | -4.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 2005 |
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 Sxmx Ministry 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, Sxmx Ministry 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 $35K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all filings, indicating that no officers or key employees receive salaries, which is highly unusual for an organization of its size and suggests a volunteer-led model or that compensation is reported under other expense categories.
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 Sxmx Ministry Inc's IRS 990 filings:
- Consistent operating deficits: Expenses frequently exceed revenue, as seen in 2023 ($95,891 expenses vs. $60,438 revenue) and 2022 ($66,125 expenses vs. $39,874 revenue).
- Declining asset base: Total assets have decreased from $226,605 in 2016 to $122,318 in 2023, indicating a potential draw-down of reserves.
- Significant revenue volatility: Revenue has fluctuated dramatically, from $287,317 in 2021 to $60,438 in 2023, making financial planning challenging.
Strengths
The following positive indicators were identified for Sxmx Ministry Inc:
- Zero officer compensation: No officer compensation reported across all filings, indicating a strong commitment to directing funds to programs and a volunteer-driven leadership.
- Zero liabilities: Consistently reports $0 in liabilities, suggesting strong financial management regarding debt.
- Long filing history: 13 filings provide a comprehensive historical view of the organization's financial performance.
Frequently Asked Questions about Sxmx Ministry Inc
Is Sxmx Ministry Inc a legitimate charity?
Sxmx Ministry Inc (EIN: 201707262) is a registered tax-exempt nonprofit based in Kentucky. Our AI analysis gives it a Mission Score of 70/100. It has 13 years of IRS 990 filings on record. Total revenue: $117K. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Sxmx Ministry Inc spend its money?
Sxmx Ministry Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Sxmx Ministry Inc tax-deductible?
Sxmx Ministry Inc is registered as a tax-exempt nonprofit (EIN: 201707262). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Sxmx Ministry Inc's spending goes to programs?
Sxmx Ministry Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Sxmx Ministry Inc compare to similar nonprofits?
With a transparency score of 70/100 (Good), Sxmx Ministry Inc is above average for NTEE category X21 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Sxmx Ministry Inc located?
Sxmx Ministry Inc is headquartered in Louisville, Kentucky and files with the IRS under EIN 201707262. It is classified under NTEE code X21.
How many years of IRS 990 filings does Sxmx Ministry Inc have?
Sxmx Ministry 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 $117K in total revenue.
How does Sxmx Ministry Inc. cover its operating deficits?
The organization frequently reports expenses exceeding revenue, such as in 2023 ($95,891 expenses vs. $60,438 revenue). This suggests they are either drawing down on accumulated assets, which have decreased from $226,605 in 2016 to $122,318 in 2023, or relying on other unreported funding sources.
What is the long-term financial sustainability of Sxmx Ministry Inc. given its declining assets?
With assets decreasing from $226,605 in 2016 to $122,318 in 2023, and consistent operating deficits, the long-term financial sustainability is a concern. The organization needs to either increase revenue or reduce expenses to avoid further depletion of its reserves.
What is the NTEE code X21 and how does it relate to the organization's activities?
NTEE code X21 typically refers to 'Religious Activities' or 'Religious Organizations'. This suggests the organization's mission is centered around religious programs and services, which aligns with its name 'Sxmx Ministry Inc'.
Filing History
IRS 990 filing history for Sxmx Ministry Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Sxmx Ministry Inc's revenue has declined by 73.8%, moving from $230K to $60K. Total assets increased by 78.8% over the same period, from $68K to $122K. Total functional expenses fell by 69.8%, from $318K to $96K. In its most recent filing year (2023), Sxmx Ministry Inc reported a deficit of $35K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $60K | $96K | $122K | $0 | — | — |
| 2022 | $40K | $66K | $158K | $0 | — | — |
| 2021 | $287K | $255K | $184K | $0 | — | — |
| 2020 | $120K | $157K | $152K | $0 | — | — |
| 2019 | $51K | $59K | $189K | $0 | — | View 990 |
| 2018 | $120K | $113K | $198K | $0 | — | View 990 |
| 2017 | $93K | $128K | $191K | $0 | — | View 990 |
| 2016 | $321K | $259K | $227K | $0 | — | View 990 |
| 2015 | $411K | $461K | $165K | $0 | — | View 990 |
| 2014 | $377K | $311K | $215K | $0 | — | View 990 |
| 2013 | $353K | $246K | $150K | $1K | — | View 990 |
| 2012 | $215K | $239K | $45K | $3K | — | View 990 |
| 2011 | $230K | $318K | $68K | $3K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $60K, expenses of $96K, and assets of $122K (revenue +51.6% year-over-year).
- 2022: Revenue of $40K, expenses of $66K, and assets of $158K (revenue -86.1% year-over-year).
- 2021: Revenue of $287K, expenses of $255K, and assets of $184K (revenue +138.8% year-over-year).
- 2020: Revenue of $120K, expenses of $157K, and assets of $152K (revenue +136.7% year-over-year).
- 2019: Revenue of $51K, expenses of $59K, and assets of $189K (revenue -57.6% year-over-year).
- 2018: Revenue of $120K, expenses of $113K, and assets of $198K (revenue +29.7% year-over-year).
- 2017: Revenue of $93K, expenses of $128K, and assets of $191K (revenue -71.1% year-over-year).
- 2016: Revenue of $321K, expenses of $259K, and assets of $227K (revenue -22.0% year-over-year).
- 2015: Revenue of $411K, expenses of $461K, and assets of $165K (revenue +9.2% year-over-year).
- 2014: Revenue of $377K, expenses of $311K, and assets of $215K (revenue +6.7% year-over-year).
- 2013: Revenue of $353K, expenses of $246K, and assets of $150K (revenue +64.0% year-over-year).
- 2012: Revenue of $215K, expenses of $239K, and assets of $45K (revenue -6.6% year-over-year).
- 2011: Revenue of $230K, expenses of $318K, and assets of $68K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Sxmx Ministry Inc:
Data Sources and Methodology
This transparency report for Sxmx Ministry 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.