Wade Morris Ministries Inc
Wade Morris Ministries Inc faces significant financial challenges with declining revenue and expenses exceeding income in recent years.
EIN: 200463527 · Birmingham, AL · NTEE: X21 · Updated: 2026-03-28
Is Wade Morris Ministries Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Wade Morris Ministries Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Wade Morris Ministries Inc
Wade Morris Ministries Inc (EIN: 200463527) is a nonprofit organization based in Birmingham, AL, classified under NTEE code X21. The organization reported total revenue of $25K and total assets of $15K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wade Morris Ministries Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Wade Morris Ministries Inc is a micro nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -11.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $33K |
| Total Expenses | $47K |
| Surplus / Deficit | $-13,952 |
| Total Assets | $33K |
| Net Assets | $33K |
| Operating Margin | -41.7% |
| Months of Reserves | 8.5 months |
Financial Health Grade: B
In 2023, Wade Morris Ministries Inc reported a deficit of $14K with expenses exceeding revenue, holds 8.5 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Wade Morris Ministries Inc's revenue has declined at a compound annual growth rate (CAGR) of -11.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -26.8% | -55.1% | -29.4% |
| 2022 | -77.0% | +4.6% | -55.8% |
| 2021 | +27.2% | -34.1% | +1088.1% |
| 2020 | -15.2% | -18.8% | +59.8% |
| 2019 | -5.1% | -3.3% | -42.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1720 |
| IRS Ruling Date | 2004 |
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 Wade Morris Ministries Inc with a Mission Score of 65 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: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Wade Morris Ministries Inc allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. 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 $14K, with expenses exceeding revenue.
Executive Compensation Analysis
Officer compensation has consistently been reported as 0% across all available filings, indicating that the organization's leadership is not drawing a salary, which is highly favorable for donor perception and resource allocation.
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 Wade Morris Ministries Inc's IRS 990 filings:
- Significant decline in revenue from $199,150 in 2021 to $33,487 in 2023.
- Expenses ($47,439 in 2023, $105,557 in 2022) consistently exceeded revenue in the last two reported periods, indicating operating deficits.
- Assets ($33,487 in 2023) are less than annual expenses, suggesting limited financial reserves.
Strengths
The following positive indicators were identified for Wade Morris Ministries Inc:
- Consistent reporting of 0% officer compensation across all available filings, indicating a strong commitment to minimizing administrative costs in this area.
- Consistent filing of IRS Form 990s, demonstrating transparency.
- No reported liabilities across all available filings, suggesting a debt-free financial structure.
Frequently Asked Questions about Wade Morris Ministries Inc
Is Wade Morris Ministries Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Wade Morris Ministries Inc (EIN: 200463527) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does Wade Morris Ministries Inc spend its money?
Wade Morris Ministries Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Wade Morris Ministries Inc tax-deductible?
Wade Morris Ministries Inc is registered as a tax-exempt nonprofit (EIN: 200463527). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Wade Morris Ministries Inc a good charity?
The organization demonstrates a commitment to minimizing executive compensation (0% reported). However, recent financial data shows a concerning trend of declining revenue and expenses exceeding income, which could impact its ability to sustain programs effectively. Further investigation into the specific nature of expenses would be beneficial.
Why has revenue declined so sharply in 2022 and 2023?
Revenue peaked at $199,150 in 2021 but dropped to $45,771 in 2022 and $33,487 in 2023. The provided data does not specify the reasons for this decline, but it represents a significant challenge for the organization's financial stability.
Are the organization's current assets sufficient?
As of 2023, assets are $33,487, while expenses were $47,439. This indicates that current assets are less than a year's worth of expenses, which could be a concern given the recent operating deficits.
Filing History
IRS 990 filing history for Wade Morris Ministries Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Wade Morris Ministries Inc's revenue has declined by 77.7%, moving from $150K to $33K. Total assets increased by 244.6% over the same period, from $10K to $33K. Total functional expenses fell by 70.4%, from $160K to $47K. In its most recent filing year (2023), Wade Morris Ministries Inc reported a deficit of $14K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $33K | $47K | $33K | $0 | — | View 990 |
| 2022 | $46K | $106K | $47K | $0 | — | — |
| 2021 | $199K | $101K | $107K | $0 | — | — |
| 2020 | $157K | $153K | $9K | $0 | — | — |
| 2019 | $185K | $189K | $6K | $0 | — | View 990 |
| 2018 | $195K | $195K | $10K | $0 | — | View 990 |
| 2017 | $174K | $172K | $10K | $0 | — | View 990 |
| 2016 | $121K | $130K | $9K | $0 | — | View 990 |
| 2015 | $220K | $218K | $18K | $0 | — | View 990 |
| 2014 | $226K | $221K | $16K | $0 | — | View 990 |
| 2013 | $198K | $196K | $11K | $0 | — | View 990 |
| 2012 | $191K | $192K | $8K | $0 | — | View 990 |
| 2011 | $150K | $160K | $10K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $33K, expenses of $47K, and assets of $33K (revenue -26.8% year-over-year).
- 2022: Revenue of $46K, expenses of $106K, and assets of $47K (revenue -77.0% year-over-year).
- 2021: Revenue of $199K, expenses of $101K, and assets of $107K (revenue +27.2% year-over-year).
- 2020: Revenue of $157K, expenses of $153K, and assets of $9K (revenue -15.2% year-over-year).
- 2019: Revenue of $185K, expenses of $189K, and assets of $6K (revenue -5.1% year-over-year).
- 2018: Revenue of $195K, expenses of $195K, and assets of $10K (revenue +12.1% year-over-year).
- 2017: Revenue of $174K, expenses of $172K, and assets of $10K (revenue +43.4% year-over-year).
- 2016: Revenue of $121K, expenses of $130K, and assets of $9K (revenue -45.1% year-over-year).
- 2015: Revenue of $220K, expenses of $218K, and assets of $18K (revenue -2.3% year-over-year).
- 2014: Revenue of $226K, expenses of $221K, and assets of $16K (revenue +13.7% year-over-year).
- 2013: Revenue of $198K, expenses of $196K, and assets of $11K (revenue +4.0% year-over-year).
- 2012: Revenue of $191K, expenses of $192K, and assets of $8K (revenue +27.1% year-over-year).
- 2011: Revenue of $150K, expenses of $160K, and assets of $10K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Wade Morris Ministries Inc:
Data Sources and Methodology
This transparency report for Wade Morris 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.