Walls Of Faith Inc
Walls Of Faith Inc faces persistent operating deficits and growing liabilities, with assets significantly lower than debt.
EIN: 204364361 · Greenwood, IN · NTEE: X21 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $45K |
| Total Expenses | $71K |
| Program Spending | 75% |
| Net Assets | $-123,409 |
| Transparency Score | 40/100 |
Search Intent Cockpit
Walls Of Faith Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals
Walls Of Faith Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Walls Of Faith Inc in one place.
Form 990 Filing Summary
10 filing years are available, with latest revenue of $68K and expenses of $71K.
Revenue and Expenses
Walls Of Faith Inc reported $68K in revenue and $71K in expenses, a deficit of $3K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
40/100 mission score, 4 red flags, and 2 strengths are shown from structured and AI review.
Is Walls Of Faith Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $53K (75%) |
Across stored filings, Walls Of Faith Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Significant Concerns | Good filing record; 4 red flags identified |
| Mission spend | 75% to programs | Excellent |
| Financial durability | Grade C | 10 stored filing years |
| Peer context | Compare with Sigma Kappa Sorority | Indiana and Religion context |
Trust Check
Review legitimacy, deductibility, red flags, and filing consistency.
Open charity check →Peer Benchmark
Compare against real state and category peers.
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Local and Sector Spokes
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Greenwood, IN nonprofitsReligion in Indiana
Religion in Indiana
Follow the Money
Jump into spending, compensation, rankings, and filing-year evidence.
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Keep the Investigation Moving
Walls Of Faith Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Walls Of Faith Inc
Walls Of Faith Inc (EIN: 204364361) is a nonprofit organization based in Greenwood, IN, classified under NTEE code X21. The organization reported total revenue of $45K and total assets of $17K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Walls Of Faith Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Walls Of Faith Inc is a micro nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $68K |
| Total Expenses | $71K |
| Surplus / Deficit | $-2,831 |
| Total Assets | $24K |
| Total Liabilities | $148K |
| Net Assets | $-123,409 |
| Operating Margin | -4.2% |
| Debt-to-Asset Ratio | 610.4% |
| Months of Reserves | 4.1 months |
Financial Health Grade: C
In 2023, Walls Of Faith Inc reported a deficit of $3K with expenses exceeding revenue, holds 4.1 months of operating reserves (adequate), has a debt-to-asset ratio of 610.4% (high leverage).
Financial Trends
Over 10 years of filings (2011–2023), Walls Of Faith Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +81.2% | +35.2% | +60.7% |
| 2022 | +37.6% | +38.2% | +8.1% |
| 2021 | +0.6% | -8.5% | +34.9% |
| 2020 | -27.5% | -6.3% | +27.5% |
| 2019 | +4.3% | +97.7% | -66.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Walls Of Faith Inc with a Mission Score of 40 out of 100 (Fair). 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: 75%
- fundraising: 10%
According to IRS 990 filings, Walls Of Faith Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 $3K, with expenses exceeding revenue.
- Debt-to-asset ratio: 610.4%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers are receiving salaries from the organization, which is a positive for minimizing overhead in this small organization.
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 Walls Of Faith Inc's IRS 990 filings:
- Persistent operating deficits (expenses consistently exceed revenue)
- Rapidly increasing liabilities, reaching $147,587 in 2023
- Assets ($24,178 in 2023) are significantly lower than liabilities, indicating insolvency
- Negative net income in most recent years, suggesting unsustainable financial practices
Strengths
The following positive indicators were identified for Walls Of Faith Inc:
- 0% officer compensation reported, indicating no executive salaries
- Consistent filing of IRS 990 forms, demonstrating a commitment to transparency in reporting
Frequently Asked Questions about Walls Of Faith Inc
Is Walls Of Faith Inc a legitimate charity?
Walls Of Faith Inc (EIN: 204364361) is a registered tax-exempt nonprofit based in Indiana. Our AI analysis gives it a Mission Score of 40/100. It has 10 years of IRS 990 filings on record. Total revenue: $45K. 4 red flags identified. 2 strengths noted. Financial health grade: C.
How does Walls Of Faith Inc spend its money?
Walls Of Faith Inc directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Walls Of Faith Inc tax-deductible?
Walls Of Faith Inc is registered as a tax-exempt nonprofit (EIN: 204364361). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Walls Of Faith Inc's spending goes to programs?
Walls Of Faith Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Walls Of Faith Inc compare to similar nonprofits?
With a transparency score of 40/100 (Fair), Walls Of Faith Inc is near average for NTEE category X21 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Walls Of Faith Inc located?
Walls Of Faith Inc is headquartered in Greenwood, Indiana and files with the IRS under EIN 204364361. It is classified under NTEE code X21.
How many years of IRS 990 filings does Walls Of Faith Inc have?
Walls Of Faith Inc has 10 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 $45K in total revenue.
Is Walls Of Faith Inc financially stable?
No, Walls Of Faith Inc does not appear financially stable. It has consistently reported operating deficits, with expenses exceeding revenue in most recent years (e.g., $70,884 expenses vs. $68,053 revenue in 2023). Additionally, its liabilities have grown substantially to $147,587 in 2023, far surpassing its assets of $24,178, indicating a high level of debt.
What is the trend in Walls Of Faith Inc's revenue and expenses?
While revenue has fluctuated, it has generally been insufficient to cover expenses. For example, in 2023, revenue was $68,053 and expenses were $70,884. This trend of expenses exceeding revenue has been consistent in recent years, leading to negative net income.
How has the organization's debt changed over time?
The organization's liabilities have increased significantly over time, from $22,609 in 2011 to $147,587 in 2023. This substantial growth in debt is a major financial concern.
Does Walls Of Faith Inc pay its officers?
Based on the provided data, Walls Of Faith Inc reports 0% officer compensation for all available filing periods, indicating that no officers are compensated through salaries.
What is the organization's asset-to-liability ratio?
In 2023, Walls Of Faith Inc had assets of $24,178 and liabilities of $147,587, resulting in a very low asset-to-liability ratio of approximately 0.16. This indicates that the organization's assets are far from sufficient to cover its debts.
Filing History
IRS 990 filing history for Walls Of Faith Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Walls Of Faith Inc's revenue has grown by 34.2%, moving from $51K to $68K. Total assets increased by 56.3% over the same period, from $15K to $24K. Total functional expenses rose by 81.6%, from $39K to $71K. In its most recent filing year (2023), Walls Of Faith Inc reported a deficit of $3K, with expenses exceeding revenue. The organization holds $148K in liabilities against $24K in assets (debt-to-asset ratio: 610.4%), resulting in net assets of $-123,409.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $68K | $71K | $24K | $148K | — | — |
| 2022 | $38K | $52K | $15K | $136K | — | View 990 |
| 2021 | $27K | $38K | $14K | $120K | — | — |
| 2020 | $27K | $41K | $10K | $105K | — | — |
| 2019 | $37K | $44K | $8K | $89K | — | — |
| 2015 | $36K | $22K | $24K | $39K | — | View 990 |
| 2014 | $25K | $38K | $4K | $33K | — | View 990 |
| 2013 | $54K | $67K | $257 | $16K | — | View 990 |
| 2012 | $53K | $47K | $12K | $14K | — | View 990 |
| 2011 | $51K | $39K | $15K | $23K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $68K, expenses of $71K, and assets of $24K (revenue +81.2% year-over-year).
- 2022: Revenue of $38K, expenses of $52K, and assets of $15K (revenue +37.6% year-over-year).
- 2021: Revenue of $27K, expenses of $38K, and assets of $14K (revenue +0.6% year-over-year).
- 2020: Revenue of $27K, expenses of $41K, and assets of $10K (revenue -27.5% year-over-year).
- 2019: Revenue of $37K, expenses of $44K, and assets of $8K (revenue +4.3% year-over-year).
- 2015: Revenue of $36K, expenses of $22K, and assets of $24K (revenue +42.2% year-over-year).
- 2014: Revenue of $25K, expenses of $38K, and assets of $4K (revenue -52.9% year-over-year).
- 2013: Revenue of $54K, expenses of $67K, and assets of $257 (revenue +1.9% year-over-year).
- 2012: Revenue of $53K, expenses of $47K, and assets of $12K (revenue +3.5% year-over-year).
- 2011: Revenue of $51K, expenses of $39K, and assets of $15K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Walls Of Faith Inc:
Data Sources and Methodology
This transparency report for Walls Of Faith 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.