There Is More Ministries Inc
EIN: 581268091 · Balsam Grove, NC
| Metric | Value |
|---|---|
| Total Revenue | $264K |
| Total Expenses | $384K |
| Net Assets | $872K |
Is There Is More 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 There Is More Ministries Inc
There Is More Ministries Inc (EIN: 581268091) is a nonprofit organization based in Balsam Grove, NC. The organization reported total revenue of $264K and total assets of $785K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of There Is More Ministries Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
There Is More Ministries Inc is a small nonprofit that has been operating for 49 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 7.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $359K |
| Total Expenses | $384K |
| Surplus / Deficit | $-25,122 |
| Total Assets | $880K |
| Total Liabilities | $8K |
| Net Assets | $872K |
| Operating Margin | -7.0% |
| Debt-to-Asset Ratio | 1.0% |
| Months of Reserves | 27.5 months |
Financial Health Grade: B
In 2023, There Is More Ministries Inc reported a deficit of $25K with expenses exceeding revenue, holds 27.5 months of operating reserves (strong position), has a debt-to-asset ratio of 1.0% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), There Is More Ministries Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -22.0% | +1.4% | -6.5% |
| 2022 | +43.2% | +5.4% | +2.7% |
| 2021 | +25.2% | +40.6% | -3.9% |
| 2020 | +12.6% | -11.0% | +5.5% |
| 2019 | +8.6% | +0.6% | -6.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 1977 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for There Is More 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 There Is More 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 deficit of $25K, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.0%.
Frequently Asked Questions about There Is More Ministries Inc
Is There Is More Ministries Inc a legitimate charity?
There Is More Ministries Inc (EIN: 581268091) is a registered tax-exempt nonprofit based in North Carolina. It has 12 years of IRS 990 filings on record. Total revenue: $264K. No red flags identified. Financial health grade: B.
How does There Is More Ministries Inc spend its money?
There Is More Ministries Inc reported $264K in total revenue in IRS 990 filings. 12 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to There Is More Ministries Inc tax-deductible?
There Is More Ministries Inc is registered as a tax-exempt nonprofit (EIN: 581268091). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is There Is More Ministries Inc located?
There Is More Ministries Inc is headquartered in Balsam Grove, North Carolina and files with the IRS under EIN 581268091.
How many years of IRS 990 filings does There Is More Ministries Inc have?
There Is More Ministries Inc has 12 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 $264K in total revenue.
Filing History
IRS 990 filing history for There Is More Ministries Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), There Is More Ministries Inc's revenue has grown by 114.3%, moving from $167K to $359K. Total assets increased by 5.6% over the same period, from $834K to $880K. Total functional expenses rose by 79.2%, from $214K to $384K. In its most recent filing year (2023), There Is More Ministries Inc reported a deficit of $25K, with expenses exceeding revenue. The organization holds $8K in liabilities against $880K in assets (debt-to-asset ratio: 1.0%), resulting in net assets of $872K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $359K | $384K | $880K | $8K | — | View 990 |
| 2022 | $460K | $378K | $941K | $11K | — | View 990 |
| 2021 | $321K | $359K | $916K | $3K | — | — |
| 2020 | $256K | $255K | $953K | $591 | — | — |
| 2019 | $228K | $287K | $904K | $570 | — | View 990 |
| 2018 | $210K | $285K | $963K | $589 | — | View 990 |
| 2017 | $201K | $266K | $1.0M | $232 | — | View 990 |
| 2016 | $269K | $242K | $1.1M | $347 | — | View 990 |
| 2015 | $229K | $258K | $1.1M | $38K | — | View 990 |
| 2014 | $235K | $217K | $1.2M | $60K | — | View 990 |
| 2013 | $454K | $208K | $1.1M | $354 | — | View 990 |
| 2012 | $167K | $214K | $834K | $331 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $359K, expenses of $384K, and assets of $880K (revenue -22.0% year-over-year).
- 2022: Revenue of $460K, expenses of $378K, and assets of $941K (revenue +43.2% year-over-year).
- 2021: Revenue of $321K, expenses of $359K, and assets of $916K (revenue +25.2% year-over-year).
- 2020: Revenue of $256K, expenses of $255K, and assets of $953K (revenue +12.6% year-over-year).
- 2019: Revenue of $228K, expenses of $287K, and assets of $904K (revenue +8.6% year-over-year).
- 2018: Revenue of $210K, expenses of $285K, and assets of $963K (revenue +4.3% year-over-year).
- 2017: Revenue of $201K, expenses of $266K, and assets of $1.0M (revenue -25.3% year-over-year).
- 2016: Revenue of $269K, expenses of $242K, and assets of $1.1M (revenue +17.8% year-over-year).
- 2015: Revenue of $229K, expenses of $258K, and assets of $1.1M (revenue -2.8% year-over-year).
- 2014: Revenue of $235K, expenses of $217K, and assets of $1.2M (revenue -48.3% year-over-year).
- 2013: Revenue of $454K, expenses of $208K, and assets of $1.1M (revenue +171.5% year-over-year).
- 2012: Revenue of $167K, expenses of $214K, and assets of $834K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for There Is More Ministries Inc:
Data Sources and Methodology
This transparency report for There Is More 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.