Worshipers Of The King Ministries Assembly Of God
EIN: 262792870 · Malden, MA · NTEE: X21
| Metric | Value |
|---|---|
| Total Revenue | $303K |
| Total Expenses | $286K |
| Net Assets | $407K |
Is Worshipers Of The King Ministries Assembly Of God Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Worshipers Of The King Ministries Assembly Of God
Worshipers Of The King Ministries Assembly Of God (EIN: 262792870) is a nonprofit organization based in Malden, MA, classified under NTEE code X21. The organization reported total revenue of $303K and total assets of $900K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Worshipers Of The King Ministries Assembly Of God's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Worshipers Of The King Ministries Assembly Of God is a small nonprofit that has been operating for 17 years, with 6 years of IRS 990 filings on record (2010–2022). Revenue has grown at a compound annual rate of 0.6%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $289K |
| Total Expenses | $286K |
| Surplus / Deficit | +$3K |
| Total Assets | $930K |
| Total Liabilities | $523K |
| Net Assets | $407K |
| Operating Margin | 0.9% |
| Debt-to-Asset Ratio | 56.2% |
| Months of Reserves | 39.0 months |
Financial Health Grade: A
In 2022, Worshipers Of The King Ministries Assembly Of God reported a surplus of $3K with revenue exceeding expenses, holds 39.0 months of operating reserves (strong position), has a debt-to-asset ratio of 56.2% (high leverage).
Financial Trends
Over 6 years of filings (2010–2022), Worshipers Of The King Ministries Assembly Of God's revenue has grown at a compound annual growth rate (CAGR) of 0.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -11.7% | -6.0% | -3.4% |
| 2021 | +3.8% | +18.1% | +4.8% |
| 2020 | -3.8% | -19.9% | -13.0% |
| 2015 | +12.2% | +33.0% | +480.0% |
| 2011 | +8.3% | +5.7% | +30.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 2009 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Worshipers Of The King Ministries Assembly Of God 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 Worshipers Of The King Ministries Assembly Of God 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 (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $3K, with revenue exceeding expenses.
- Debt-to-asset ratio: 56.2%.
Frequently Asked Questions about Worshipers Of The King Ministries Assembly Of God
Is Worshipers Of The King Ministries Assembly Of God a legitimate charity?
Based on AI analysis of IRS 990 filings, Worshipers Of The King Ministries Assembly Of God (EIN: 262792870) insufficient data. 0 red flags identified, 0 strengths noted.
How does Worshipers Of The King Ministries Assembly Of God spend its money?
Detailed spending breakdown data is not yet available for Worshipers Of The King Ministries Assembly Of God. Check back for updated IRS 990 analysis.
Are donations to Worshipers Of The King Ministries Assembly Of God tax-deductible?
Worshipers Of The King Ministries Assembly Of God is registered as a tax-exempt nonprofit (EIN: 262792870). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Worshipers Of The King Ministries Assembly Of God located?
Worshipers Of The King Ministries Assembly Of God is headquartered in Malden, Massachusetts and files with the IRS under EIN 262792870. It is classified under NTEE code X21.
How many years of IRS 990 filings does Worshipers Of The King Ministries Assembly Of God have?
Worshipers Of The King Ministries Assembly Of God has 6 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 $303K in total revenue.
Filing History
IRS 990 filing history for Worshipers Of The King Ministries Assembly Of God showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2010–2022), Worshipers Of The King Ministries Assembly Of God's revenue has grown by 7.2%, moving from $269K to $289K. Total assets increased by 563.4% over the same period, from $140K to $930K. Total functional expenses rose by 25%, from $229K to $286K. In its most recent filing year (2022), Worshipers Of The King Ministries Assembly Of God reported a surplus of $3K, with revenue exceeding expenses. The organization holds $523K in liabilities against $930K in assets (debt-to-asset ratio: 56.2%), resulting in net assets of $407K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $289K | $286K | $930K | $523K | — | — |
| 2021 | $327K | $304K | $963K | $559K | — | View 990 |
| 2020 | $315K | $258K | $919K | $578K | — | View 990 |
| 2015 | $327K | $322K | $1.1M | $611K | — | View 990 |
| 2011 | $292K | $242K | $182K | $0 | — | View 990 |
| 2010 | $269K | $229K | $140K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $289K, expenses of $286K, and assets of $930K (revenue -11.7% year-over-year).
- 2021: Revenue of $327K, expenses of $304K, and assets of $963K (revenue +3.8% year-over-year).
- 2020: Revenue of $315K, expenses of $258K, and assets of $919K (revenue -3.8% year-over-year).
- 2015: Revenue of $327K, expenses of $322K, and assets of $1.1M (revenue +12.2% year-over-year).
- 2011: Revenue of $292K, expenses of $242K, and assets of $182K (revenue +8.3% year-over-year).
- 2010: Revenue of $269K, expenses of $229K, and assets of $140K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Worshipers Of The King Ministries Assembly Of God:
Data Sources and Methodology
This transparency report for Worshipers Of The King Ministries Assembly Of God 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.