We Are One Ministries Inc

We Are One Ministries Inc shows consistent deficit spending and declining assets despite no reported officer compensation.

EIN: 10605273 · Memphis, TN · NTEE: X200 · Updated: 2026-03-28

$72KRevenue

$44KAssets

70/100Mission Score (Good)

X200

About We Are One Ministries Inc

We Are One Ministries Inc (EIN: 10605273) is a nonprofit organization based in Memphis, TN, classified under NTEE code X200. The organization reported total revenue of $72K and total assets of $44K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of We Are One Ministries Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

We Are One Ministries Inc operates on a relatively small scale, with recent annual revenues fluctuating around $70,000-$90,000. The organization demonstrates a consistent commitment to transparency, as evidenced by its regular IRS 990 filings over 13 periods. A notable strength is the complete absence of reported officer compensation across all available filings, suggesting that leadership is either volunteer-based or compensated through other means not disclosed as officer compensation, which can be a positive indicator of resource allocation directly to mission. However, the organization has frequently reported expenses exceeding revenue in recent years, such as in 2023 where expenses were $95,643 against revenues of $90,875, and in 2021 with $66,358 in expenses against $52,304 in revenue. This trend of deficit spending could impact long-term financial stability if not addressed. The organization's assets have also shown a declining trend from a high of $121,390 in 2015 to $56,958 in 2023, indicating a reduction in financial reserves.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates We Are One Ministries Inc with a Mission Score of 70 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: 15%
programs: 80%
fundraising: 5%

According to IRS 990 filings, We Are One Ministries Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

No officer compensation has been reported in any of the available IRS 990 filings, indicating that executive leadership is either unpaid or compensated through non-officer channels, which is highly favorable for a small organization of this size.

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 We Are One Ministries Inc's IRS 990 filings:

Consistent deficit spending (e.g., 2023 expenses $95,643 vs. revenue $90,875)
Declining asset base over time (from $121,390 in 2015 to $56,958 in 2023)

Strengths

The following positive indicators were identified for We Are One Ministries Inc:

No reported officer compensation across all filings
Zero reported liabilities, indicating strong financial management of debt
Consistent IRS 990 filing history demonstrating transparency

Frequently Asked Questions about We Are One Ministries Inc

Is We Are One Ministries Inc a good charity?

We Are One Ministries Inc exhibits strong dedication to its mission by not reporting any officer compensation, suggesting resources are directed to programs. However, its consistent deficit spending and declining asset base raise concerns about long-term financial sustainability.

What is the trend in We Are One Ministries Inc's financial health?

The organization's financial health shows a concerning trend of expenses frequently exceeding revenue, leading to a decline in net assets from $121,390 in 2015 to $56,958 in 2023. This indicates a weakening financial position over time.

How does We Are One Ministries Inc manage its liabilities?

We Are One Ministries Inc consistently reports $0 in liabilities across all available filings, which is a significant strength indicating sound debt management and a lack of financial obligations.

Filing History

IRS 990 filing history for We Are One Ministries Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), We Are One Ministries Inc's revenue has declined by 1.7%, moving from $92K to $91K. Total assets decreased by 44.7% over the same period, from $103K to $57K. Total functional expenses rose by 27.2%, from $75K to $96K. In its most recent filing year (2023), We Are One Ministries Inc reported a deficit of $5K, with expenses exceeding revenue.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$91K	$96K	$57K	$0	—	—
2022	$61K	$53K	$62K	$0	—	View 990
2021	$52K	$66K	$54K	$0	—	View 990
2020	$61K	$69K	$68K	$0	—	View 990
2019	$77K	$71K	$76K	$0	—	View 990
2018	$76K	$87K	$69K	$0	—	View 990
2017	$114K	$134K	$80K	$0	—	View 990
2016	$122K	$142K	$101K	$0	—	View 990
2015	$149K	$136K	$121K	$0	—	View 990
2014	$132K	$107K	$108K	$0	—	View 990
2013	$82K	$103K	$93K	$10K	—	View 990
2012	$99K	$98K	$104K	$0	—	View 990
2011	$92K	$75K	$103K	$0	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $91K, expenses of $96K, and assets of $57K (revenue +48.5% year-over-year).
2022: Revenue of $61K, expenses of $53K, and assets of $62K (revenue +17.0% year-over-year).
2021: Revenue of $52K, expenses of $66K, and assets of $54K (revenue -14.7% year-over-year).
2020: Revenue of $61K, expenses of $69K, and assets of $68K (revenue -20.3% year-over-year).
2019: Revenue of $77K, expenses of $71K, and assets of $76K (revenue +1.1% year-over-year).
2018: Revenue of $76K, expenses of $87K, and assets of $69K (revenue -33.0% year-over-year).
2017: Revenue of $114K, expenses of $134K, and assets of $80K (revenue -6.7% year-over-year).
2016: Revenue of $122K, expenses of $142K, and assets of $101K (revenue -18.1% year-over-year).
2015: Revenue of $149K, expenses of $136K, and assets of $121K (revenue +12.4% year-over-year).
2014: Revenue of $132K, expenses of $107K, and assets of $108K (revenue +60.5% year-over-year).
2013: Revenue of $82K, expenses of $103K, and assets of $93K (revenue -17.1% year-over-year).
2012: Revenue of $99K, expenses of $98K, and assets of $104K (revenue +7.6% year-over-year).
2011: Revenue of $92K, expenses of $75K, and assets of $103K.

Data Sources and Methodology

This transparency report for We Are One 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.