Wade Akins New Life Ministries International
EIN: 620925842 · Monroe, LA
| Metric | Value |
|---|---|
| Total Revenue | $4K |
| Total Expenses | $2K |
| Net Assets | $2K |
Is Wade Akins New Life Ministries International Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Wade Akins New Life Ministries International
Wade Akins New Life Ministries International (EIN: 620925842) is a nonprofit organization based in Monroe, LA. The organization reported total revenue of $4K and total assets of $4K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wade Akins New Life Ministries International's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Wade Akins New Life Ministries International is a micro nonprofit that has been operating for 53 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -15.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2K |
| Total Expenses | $2K |
| Surplus / Deficit | +$599 |
| Total Assets | $2K |
| Net Assets | $2K |
| Operating Margin | 27.4% |
| Months of Reserves | 15.0 months |
Financial Health Grade: A
In 2023, Wade Akins New Life Ministries International reported a surplus of $599 with revenue exceeding expenses, holds 15.0 months of operating reserves (strong position).
Financial Trends
Over 12 years of filings (2011–2023), Wade Akins New Life Ministries International's revenue has declined at a compound annual growth rate (CAGR) of -15.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -49.5% | -79.3% | +43.2% |
| 2022 | -22.4% | +16.9% | -70.7% |
| 2021 | -37.4% | -26.3% | +473100.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 1973 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Wade Akins New Life Ministries International 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 Wade Akins New Life Ministries International 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 $599, with revenue exceeding expenses.
Frequently Asked Questions about Wade Akins New Life Ministries International
Is Wade Akins New Life Ministries International a legitimate charity?
Wade Akins New Life Ministries International (EIN: 620925842) is a registered tax-exempt nonprofit based in Louisiana. It has 12 years of IRS 990 filings on record. Total revenue: $4K. No red flags identified. Financial health grade: A.
How does Wade Akins New Life Ministries International spend its money?
Wade Akins New Life Ministries International reported $4K in total revenue in IRS 990 filings. 12 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Wade Akins New Life Ministries International tax-deductible?
Wade Akins New Life Ministries International is registered as a tax-exempt nonprofit (EIN: 620925842). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Wade Akins New Life Ministries International located?
Wade Akins New Life Ministries International is headquartered in Monroe, Louisiana and files with the IRS under EIN 620925842.
How many years of IRS 990 filings does Wade Akins New Life Ministries International have?
Wade Akins New Life Ministries International 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 $4K in total revenue.
Filing History
IRS 990 filing history for Wade Akins New Life Ministries International showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Wade Akins New Life Ministries International's revenue has declined by 85.8%, moving from $15K to $2K. Total assets decreased by 89.6% over the same period, from $19K to $2K. Total functional expenses fell by 82%, from $9K to $2K. In its most recent filing year (2023), Wade Akins New Life Ministries International reported a surplus of $599, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2K | $2K | $2K | $0 | — | View 990 |
| 2022 | $4K | $8K | $1K | $0 | — | View 990 |
| 2021 | $6K | $7K | $5K | $0 | — | View 990 |
| 2020 | $9K | $9K | $1 | $0 | — | — |
| 2018 | $0 | $0 | $1 | $0 | — | View 990 |
| 2017 | $0 | $0 | $1 | $0 | — | — |
| 2016 | $1K | $0 | $8K | $0 | — | View 990 |
| 2015 | $7K | $5K | $7K | $0 | — | View 990 |
| 2014 | $7K | $17K | $5K | $0 | — | View 990 |
| 2013 | $11K | $12K | $15K | $0 | — | View 990 |
| 2012 | $9K | $13K | $16K | $0 | — | View 990 |
| 2011 | $15K | $9K | $19K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2K, expenses of $2K, and assets of $2K (revenue -49.5% year-over-year).
- 2022: Revenue of $4K, expenses of $8K, and assets of $1K (revenue -22.4% year-over-year).
- 2021: Revenue of $6K, expenses of $7K, and assets of $5K (revenue -37.4% year-over-year).
- 2020: Revenue of $9K, expenses of $9K, and assets of $1.
- 2018: Revenue of $0, expenses of $0, and assets of $1.
- 2017: Revenue of $0, expenses of $0, and assets of $1 (revenue -100.0% year-over-year).
- 2016: Revenue of $1K, expenses of $0, and assets of $8K (revenue -80.4% year-over-year).
- 2015: Revenue of $7K, expenses of $5K, and assets of $7K (revenue +6.0% year-over-year).
- 2014: Revenue of $7K, expenses of $17K, and assets of $5K (revenue -40.5% year-over-year).
- 2013: Revenue of $11K, expenses of $12K, and assets of $15K (revenue +21.6% year-over-year).
- 2012: Revenue of $9K, expenses of $13K, and assets of $16K (revenue -39.4% year-over-year).
- 2011: Revenue of $15K, expenses of $9K, and assets of $19K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Wade Akins New Life Ministries International:
Data Sources and Methodology
This transparency report for Wade Akins New Life Ministries International 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.