World Impact Ministries Ltd
World Impact Ministries Ltd experiences significant financial contraction over the last decade, operating with minimal assets and no officer compensation.
EIN: 161243611 · Winchester, KY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $119K |
| Total Expenses | $109K |
| Program Spending | 85% |
| Net Assets | $13K |
| Transparency Score | 65/100 |
Is World Impact Ministries Ltd Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
World Impact Ministries Ltd directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About World Impact Ministries Ltd
World Impact Ministries Ltd (EIN: 161243611) is a nonprofit organization based in Winchester, KY. The organization reported total revenue of $119K and total assets of $13K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of World Impact Ministries Ltd's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
World Impact Ministries Ltd is a small nonprofit that has been operating for 40 years, with 13 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of -11.1%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $101K |
| Total Expenses | $109K |
| Surplus / Deficit | $-8,450 |
| Total Assets | $14K |
| Total Liabilities | $180 |
| Net Assets | $13K |
| Operating Margin | -8.4% |
| Debt-to-Asset Ratio | 1.3% |
| Months of Reserves | 1.5 months |
Financial Health Grade: C
In 2024, World Impact Ministries Ltd reported a deficit of $8K with expenses exceeding revenue, holds 1.5 months of operating reserves (limited), has a debt-to-asset ratio of 1.3% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2024), World Impact Ministries Ltd's revenue has declined at a compound annual growth rate (CAGR) of -11.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -17.7% | -4.5% | -52.2% |
| 2023 | -4.7% | -6.0% | +26.0% |
| 2022 | +0.3% | -1.4% | +4.6% |
| 2021 | +4.7% | -11.9% | +39.6% |
| 2020 | -33.7% | -16.3% | -35.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1986 |
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 World Impact Ministries Ltd 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: 85%
- fundraising: 5%
According to IRS 990 filings, World Impact Ministries Ltd allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $8K, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.3%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that officers are not paid, which is highly unusual for an organization of any size and suggests a volunteer-led or very lean operational model.
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 World Impact Ministries Ltd's IRS 990 filings:
- Significant and sustained decline in revenue and assets over the past decade (e.g., revenue from $1.35M in 2014 to $0.1M in 2024).
- Frequent operating deficits, where expenses exceed revenue (e.g., 2024, 2020, 2017, 2016), indicating reliance on reserves or other funding sources.
- Very low asset base relative to historical figures ($12,505 latest assets), limiting financial resilience.
- Lack of detailed program spending breakdown in available data makes it difficult to fully assess program efficiency.
Strengths
The following positive indicators were identified for World Impact Ministries Ltd:
- Consistent reporting of 0% officer compensation, indicating a commitment to minimizing administrative costs at the executive level.
- Long filing history (13 filings), suggesting consistent compliance with IRS reporting requirements.
- Relatively low liabilities in recent years (e.g., $180 in 2024), indicating limited debt.
Frequently Asked Questions about World Impact Ministries Ltd
Is World Impact Ministries Ltd a legitimate charity?
World Impact Ministries Ltd (EIN: 161243611) is a registered tax-exempt nonprofit based in Kentucky. Our AI analysis gives it a Mission Score of 65/100. It has 13 years of IRS 990 filings on record. Total revenue: $119K. 4 red flags identified. 3 strengths noted. Financial health grade: C.
How does World Impact Ministries Ltd spend its money?
World Impact Ministries Ltd directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to World Impact Ministries Ltd tax-deductible?
World Impact Ministries Ltd is registered as a tax-exempt nonprofit (EIN: 161243611). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of World Impact Ministries Ltd's spending goes to programs?
World Impact Ministries Ltd directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is World Impact Ministries Ltd located?
World Impact Ministries Ltd is headquartered in Winchester, Kentucky and files with the IRS under EIN 161243611.
How many years of IRS 990 filings does World Impact Ministries Ltd have?
World Impact Ministries Ltd 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 $119K in total revenue.
What caused the significant decline in revenue and assets between 2014 and 2016?
The IRS 990 data shows a sharp drop in revenue from $1,350,823 in 2014 to $273,680 in 2016, and assets from $753,586 to $159,965 in the same period. Understanding the reasons behind this dramatic reduction is crucial for assessing the organization's stability.
How does World Impact Ministries Ltd sustain operations without officer compensation?
The consistent reporting of 0% officer compensation suggests a volunteer-driven leadership or that key personnel are compensated through other means not reported as officer compensation, which warrants further inquiry into their operational model.
What are the specific program activities and their impact, given the declining financial resources?
With revenue falling from over $1.3 million to around $100,000, it's important to understand how the scope and impact of their programs have adapted to these significantly reduced financial resources.
What is the organization's strategy for financial sustainability and growth?
The trend of declining revenue and assets, coupled with expenses often exceeding revenue (e.g., 2024: $109,087 expenses vs. $100,637 revenue), raises concerns about the long-term financial viability and any plans for reversing these trends.
Filing History
IRS 990 filing history for World Impact Ministries Ltd showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2024), World Impact Ministries Ltd's revenue has declined by 78.2%, moving from $462K to $101K. Total assets decreased by 96% over the same period, from $343K to $14K. Total functional expenses fell by 22.4%, from $141K to $109K. In its most recent filing year (2024), World Impact Ministries Ltd reported a deficit of $8K, with expenses exceeding revenue. The organization holds $180 in liabilities against $14K in assets (debt-to-asset ratio: 1.3%), resulting in net assets of $13K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $101K | $109K | $14K | $180 | — | — |
| 2023 | $122K | $114K | $28K | $7K | — | View 990 |
| 2022 | $128K | $122K | $23K | $9K | — | View 990 |
| 2021 | $128K | $123K | $22K | $15K | — | View 990 |
| 2020 | $122K | $140K | $15K | $13K | — | View 990 |
| 2019 | $184K | $167K | $24K | $4K | — | View 990 |
| 2018 | $201K | $193K | $7K | $4K | — | View 990 |
| 2017 | $148K | $292K | $11K | $16K | — | View 990 |
| 2016 | $274K | $540K | $160K | $17K | — | View 990 |
| 2014 | $1.4M | $801K | $754K | $34K | — | View 990 |
| 2013 | $399K | $402K | $179K | $9K | — | View 990 |
| 2012 | $131K | $301K | $172K | $0 | — | View 990 |
| 2011 | $462K | $141K | $343K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $101K, expenses of $109K, and assets of $14K (revenue -17.7% year-over-year).
- 2023: Revenue of $122K, expenses of $114K, and assets of $28K (revenue -4.7% year-over-year).
- 2022: Revenue of $128K, expenses of $122K, and assets of $23K (revenue +0.3% year-over-year).
- 2021: Revenue of $128K, expenses of $123K, and assets of $22K (revenue +4.7% year-over-year).
- 2020: Revenue of $122K, expenses of $140K, and assets of $15K (revenue -33.7% year-over-year).
- 2019: Revenue of $184K, expenses of $167K, and assets of $24K (revenue -8.3% year-over-year).
- 2018: Revenue of $201K, expenses of $193K, and assets of $7K (revenue +35.9% year-over-year).
- 2017: Revenue of $148K, expenses of $292K, and assets of $11K (revenue -46.0% year-over-year).
- 2016: Revenue of $274K, expenses of $540K, and assets of $160K (revenue -79.7% year-over-year).
- 2014: Revenue of $1.4M, expenses of $801K, and assets of $754K (revenue +238.2% year-over-year).
- 2013: Revenue of $399K, expenses of $402K, and assets of $179K (revenue +205.0% year-over-year).
- 2012: Revenue of $131K, expenses of $301K, and assets of $172K (revenue -71.6% year-over-year).
- 2011: Revenue of $462K, expenses of $141K, and assets of $343K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for World Impact Ministries Ltd:
Data Sources and Methodology
This transparency report for World Impact Ministries Ltd 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.