Acts 4 Ministry Inc

Nonprofit profile at a glance

EIN
203676244
IRS 990 coverage
2016–2024
Forms available
Form 990 2024
Location
Waterbury, CT, USA
Phone
2035742287
Rating
76
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Centers to Support the Independence of Specific Populations

Reported finances

Revenue
$258,603
Expenses
$328,073
Assets
$153,432
Liabilities
$2,604

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

  • SARAH DIMEO-CARABETTA (EXECUTIVE DIRECTOR)

Highest reported compensation

  • SARAH DIMEO-CARABETTA (EXECUTIVE DIRECTOR): $95,000 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Acts 4 ministry (acts 4) is a non-denominational, tax exempt 501(c)(3) charitable organization that supports the needs of families and individuals in financial distress through the collection and distribution of reusable goods. As a waterbury founded and established organization, acts 4 primarily serves the greater waterbury area. Individuals in need can contact the organization to make an appointment and shop freely throughout the boutique for these necessities. No two circumstances are the same - our clientele come from homelessness through mid-income who have experienced a life devastating or altering event. Through a team of incredible volunteers, who collect both gently used and new items to provide to those we serve, each individual has a shopping experience in the boutique. Each person that comes in for an appointment receives these items free of charge (an average of 82 items per person).

What it reported doing in 2024

Personal care closet - no matter your current life situation, practicing good personal hygiene and maintaining a clean home can leave you feeling revitalized. Our program provides you with the necessary supplies to keep both yourself and your living space clean and prepared to take on the day. Our volunteers have collected data to identify the circumstances our clients face. These include downsizing, inflation, loss of loved ones and primary income. The demand for our services has increased significantly, with over 65% of our clients being new to our ministry. Many struggle to meet basic needs, including hygiene and clean clothes. Our dedicated volunteers have distributed 82 items per person.

Operating model

Revenue model
Donor-supported. 90% of the money available for current operations came from contributions and gifts.
Distribution model
Hybrid. The nonprofit split its reported program spending across 65% for direct work, and 35% for grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 66
  • Transparency & Controls: 94
  • Accountability: 78
  • Sustainability: 18
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 77.9%; rating input score 78
  • Program expense ratio: 61.4%; rating input score 61
  • Fundraising efficiency: $5.45 raised per $1 spent on fundraising; rating input score 24; 24th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 80th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 80%; rating input score 80; 21st percentile among comparable filings
  • Governance controls: 6 of 8 controls in place; rating input score 75
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -26.9%; rating input score 11; 11th percentile among comparable filings
  • Total-asset coverage ratio: 0.47; rating input score 23; 23rd percentile among comparable filings
  • Liabilities to assets ratio: 0.02; rating input score 41; 41st percentile among comparable filings
  • Officer compensation ratio: 29%; rating input score 12; 12th percentile among comparable filings

Growth

  • Program expense growth: 7.9% per year; rating input score 100; 64th percentile among comparable filings
  • Revenue growth: 6% per year; rating input score 100; 58th percentile among comparable filings
  • Asset growth: 13.8% per year; rating input score 100; 75th percentile among comparable filings

Details

  • Where the money goes: 77.9% of revenue deployed · 61.4% of spending went to programs
  • Governance: 4 of 5 board members independent · 6 of 8 filing controls reported
  • Programs: 3 filed program accomplishments · $201K in reported program spending
  • Leadership: top reported pay $95K · 5 people listed
  • Consistency: 29 of 29 current checks pass
  • Schedules: 6 filed schedules · includes major donors and grants
  • Filing history: 8 filing years from 2016 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Fundraising efficiency scored 24/100.
  • High — Sustainability: Operating margin scored 11/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • High — Sustainability: Total-asset coverage ratio scored 23/100.
  • High — Sustainability: Officer compensation ratio scored 12/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 41/100.