Two Eight Ministries Inc
EIN: 474565329 · Indianapolis, IN · NTEE: X20
| Metric | Value |
|---|---|
| Total Revenue | $523K |
| Total Expenses | $396K |
| Net Assets | $48K |
Is Two Eight 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 Two Eight Ministries Inc
Two Eight Ministries Inc (EIN: 474565329) is a nonprofit organization based in Indianapolis, IN, classified under NTEE code X20. The organization reported total revenue of $523K and total assets of $122K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Two Eight Ministries Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Two Eight Ministries Inc is a small nonprofit that has been operating for 10 years, with 7 years of IRS 990 filings on record (2017–2023). Revenue has grown at a compound annual rate of 26.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $362K |
| Total Expenses | $396K |
| Surplus / Deficit | $-33,544 |
| Total Assets | $110K |
| Total Liabilities | $63K |
| Net Assets | $48K |
| Operating Margin | -9.3% |
| Debt-to-Asset Ratio | 56.6% |
| Months of Reserves | 3.3 months |
Financial Health Grade: C
In 2023, Two Eight Ministries Inc reported a deficit of $34K with expenses exceeding revenue, holds 3.3 months of operating reserves (adequate), has a debt-to-asset ratio of 56.6% (high leverage).
Financial Trends
Over 7 years of filings (2017–2023), Two Eight Ministries Inc's revenue has grown at a compound annual growth rate (CAGR) of 26.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +41.8% | +71.4% | +2.1% |
| 2022 | +78.7% | +62.9% | +83.2% |
| 2021 | +14.9% | -0.2% | -8.2% |
| 2020 | +13.9% | +37.8% | -15.2% |
| 2019 | -4.1% | +2.8% | +7.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1700 |
| IRS Ruling Date | 2016 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Two Eight 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 Two Eight 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 $34K, with expenses exceeding revenue.
- Debt-to-asset ratio: 56.6%.
Frequently Asked Questions about Two Eight Ministries Inc
Is Two Eight Ministries Inc a legitimate charity?
Two Eight Ministries Inc (EIN: 474565329) is a registered tax-exempt nonprofit based in Indiana. It has 7 years of IRS 990 filings on record. Total revenue: $523K. No red flags identified. Financial health grade: C.
How does Two Eight Ministries Inc spend its money?
Two Eight Ministries Inc reported $523K in total revenue in IRS 990 filings. 7 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Two Eight Ministries Inc tax-deductible?
Two Eight Ministries Inc is registered as a tax-exempt nonprofit (EIN: 474565329). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Two Eight Ministries Inc located?
Two Eight Ministries Inc is headquartered in Indianapolis, Indiana and files with the IRS under EIN 474565329. It is classified under NTEE code X20.
How many years of IRS 990 filings does Two Eight Ministries Inc have?
Two Eight Ministries Inc has 7 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 $523K in total revenue.
Filing History
IRS 990 filing history for Two Eight Ministries Inc showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2017–2023), Two Eight Ministries Inc's revenue has grown by 300%, moving from $91K to $362K. Total assets increased by 92.9% over the same period, from $57K to $110K. Total functional expenses rose by 576.7%, from $58K to $396K. In its most recent filing year (2023), Two Eight Ministries Inc reported a deficit of $34K, with expenses exceeding revenue. The organization holds $63K in liabilities against $110K in assets (debt-to-asset ratio: 56.6%), resulting in net assets of $48K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $362K | $396K | $110K | $63K | — | — |
| 2022 | $255K | $231K | $108K | $27K | — | View 990 |
| 2021 | $143K | $142K | $59K | $2K | — | View 990 |
| 2020 | $124K | $142K | $64K | $9K | — | — |
| 2019 | $109K | $103K | $76K | $2K | — | View 990 |
| 2018 | $114K | $100K | $71K | $3K | — | View 990 |
| 2017 | $91K | $58K | $57K | $4K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $362K, expenses of $396K, and assets of $110K (revenue +41.8% year-over-year).
- 2022: Revenue of $255K, expenses of $231K, and assets of $108K (revenue +78.7% year-over-year).
- 2021: Revenue of $143K, expenses of $142K, and assets of $59K (revenue +14.9% year-over-year).
- 2020: Revenue of $124K, expenses of $142K, and assets of $64K (revenue +13.9% year-over-year).
- 2019: Revenue of $109K, expenses of $103K, and assets of $76K (revenue -4.1% year-over-year).
- 2018: Revenue of $114K, expenses of $100K, and assets of $71K (revenue +25.8% year-over-year).
- 2017: Revenue of $91K, expenses of $58K, and assets of $57K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Two Eight Ministries Inc:
Data Sources and Methodology
This transparency report for Two Eight 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.