Wilmington Area Rebuilding Ministry Inc
EIN: 562076795 · Wilmington, NC · NTEE: L21
| Metric | Value |
|---|---|
| Total Revenue | $7.0M |
| Total Expenses | $4.3M |
| Net Assets | $2.0M |
Is Wilmington Area Rebuilding Ministry Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Wilmington Area Rebuilding Ministry Inc
Wilmington Area Rebuilding Ministry Inc (EIN: 562076795) is a nonprofit organization based in Wilmington, NC, classified under NTEE code L21. The organization reported total revenue of $7.0M and total assets of $5.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wilmington Area Rebuilding Ministry Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Wilmington Area Rebuilding Ministry Inc is a mid-size nonprofit that has been operating for 27 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 25.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.4M |
| Total Expenses | $4.3M |
| Surplus / Deficit | +$172K |
| Total Assets | $4.7M |
| Total Liabilities | $2.8M |
| Net Assets | $2.0M |
| Operating Margin | 3.9% |
| Debt-to-Asset Ratio | 58.7% |
| Months of Reserves | 13.3 months |
Financial Health Grade: A
In 2023, Wilmington Area Rebuilding Ministry Inc reported a surplus of $172K with revenue exceeding expenses, holds 13.3 months of operating reserves (strong position), has a debt-to-asset ratio of 58.7% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Wilmington Area Rebuilding Ministry Inc's revenue has grown at a compound annual growth rate (CAGR) of 25.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +15.4% | +26.3% | +97.9% |
| 2022 | +25.5% | +12.6% | +24.2% |
| 2021 | +49.0% | +56.4% | +3.2% |
| 2020 | +0.6% | -1.2% | +7.8% |
| 2019 | +14.7% | +71.7% | +35.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1999 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Wilmington Area Rebuilding Ministry 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 Wilmington Area Rebuilding Ministry 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 surplus of $172K, with revenue exceeding expenses.
- Debt-to-asset ratio: 58.7%.
Frequently Asked Questions about Wilmington Area Rebuilding Ministry Inc
Is Wilmington Area Rebuilding Ministry Inc a legitimate charity?
Wilmington Area Rebuilding Ministry Inc (EIN: 562076795) is a registered tax-exempt nonprofit based in North Carolina. It has 13 years of IRS 990 filings on record. Total revenue: $7.0M. No red flags identified. Financial health grade: A.
How does Wilmington Area Rebuilding Ministry Inc spend its money?
Wilmington Area Rebuilding Ministry Inc reported $7.0M in total revenue in IRS 990 filings. 13 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Wilmington Area Rebuilding Ministry Inc tax-deductible?
Wilmington Area Rebuilding Ministry Inc is registered as a tax-exempt nonprofit (EIN: 562076795). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Wilmington Area Rebuilding Ministry Inc located?
Wilmington Area Rebuilding Ministry Inc is headquartered in Wilmington, North Carolina and files with the IRS under EIN 562076795. It is classified under NTEE code L21.
How many years of IRS 990 filings does Wilmington Area Rebuilding Ministry Inc have?
Wilmington Area Rebuilding Ministry Inc has 13 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 $7.0M in total revenue.
Filing History
IRS 990 filing history for Wilmington Area Rebuilding Ministry Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Wilmington Area Rebuilding Ministry Inc's revenue has grown by 1488.2%, moving from $279K to $4.4M. Total assets increased by 3812.7% over the same period, from $121K to $4.7M. Total functional expenses rose by 1852%, from $218K to $4.3M. In its most recent filing year (2023), Wilmington Area Rebuilding Ministry Inc reported a surplus of $172K, with revenue exceeding expenses. The organization holds $2.8M in liabilities against $4.7M in assets (debt-to-asset ratio: 58.7%), resulting in net assets of $2.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.4M | $4.3M | $4.7M | $2.8M | — | — |
| 2022 | $3.8M | $3.4M | $2.4M | $607K | — | View 990 |
| 2021 | $3.1M | $3.0M | $1.9M | $611K | — | View 990 |
| 2020 | $2.1M | $1.9M | $1.9M | $620K | — | View 990 |
| 2019 | $2.0M | $1.9M | $1.7M | $626K | — | View 990 |
| 2018 | $1.8M | $1.1M | $1.3M | $283K | — | View 990 |
| 2017 | $868K | $845K | $606K | $260K | — | View 990 |
| 2016 | $989K | $927K | $564K | $241K | — | View 990 |
| 2015 | $733K | $666K | $505K | $245K | — | View 990 |
| 2014 | $483K | $454K | $213K | $19K | — | View 990 |
| 2013 | $357K | $356K | $172K | $7K | — | View 990 |
| 2012 | $354K | $305K | $169K | $7K | — | View 990 |
| 2011 | $279K | $218K | $121K | $7K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.4M, expenses of $4.3M, and assets of $4.7M (revenue +15.4% year-over-year).
- 2022: Revenue of $3.8M, expenses of $3.4M, and assets of $2.4M (revenue +25.5% year-over-year).
- 2021: Revenue of $3.1M, expenses of $3.0M, and assets of $1.9M (revenue +49.0% year-over-year).
- 2020: Revenue of $2.1M, expenses of $1.9M, and assets of $1.9M (revenue +0.6% year-over-year).
- 2019: Revenue of $2.0M, expenses of $1.9M, and assets of $1.7M (revenue +14.7% year-over-year).
- 2018: Revenue of $1.8M, expenses of $1.1M, and assets of $1.3M (revenue +104.9% year-over-year).
- 2017: Revenue of $868K, expenses of $845K, and assets of $606K (revenue -12.2% year-over-year).
- 2016: Revenue of $989K, expenses of $927K, and assets of $564K (revenue +35.0% year-over-year).
- 2015: Revenue of $733K, expenses of $666K, and assets of $505K (revenue +51.8% year-over-year).
- 2014: Revenue of $483K, expenses of $454K, and assets of $213K (revenue +35.0% year-over-year).
- 2013: Revenue of $357K, expenses of $356K, and assets of $172K (revenue +1.0% year-over-year).
- 2012: Revenue of $354K, expenses of $305K, and assets of $169K (revenue +26.9% year-over-year).
- 2011: Revenue of $279K, expenses of $218K, and assets of $121K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Wilmington Area Rebuilding Ministry Inc:
Data Sources and Methodology
This transparency report for Wilmington Area Rebuilding Ministry 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.