CORE Ministries
Legal name: Core Ministries Inc
Nonprofit profile at a glance
- EIN
- 474664295
- IRS 990-EZ coverage
- 2022–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2023, Form 990-EZ 2024
- Location
- Austin, TX, USA
- Rating
- 87
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Religion Related N.E.C.
- Affiliation
- Religious (unspecified)
Reported finances
- Revenue
- $143,336
- Expenses
- $185,719
- Assets
- $1,498
- Liabilities
- $5,527
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
6 people listed
Executive titles in this filing
- RANDY RT PHILLIPS (PRESIDENT)
People named in this filing
- RANDY RT PHILLIPS (PRESIDENT)
- KEN CANFIELD (VICE PRESIDE)
- DAVID GONZALES (BOARD MEMBER)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
CORE exists to serve and equip those who are passionate about seeing men embrace their true identity and purpose. We are positioned to impact how… with… help organizations with the development of signature, high quality resources and consult with them on initiatives and events that help catalyze their own vision and mission. CORE was founded by R.T. Phillips, current pastor and former President of Promise Keepers. R.T.’s son, Tim, has come alongside to help CORE bring relevance to a new generation of men. They have launched, what they believe, is an innovative approach to creating brotherhood and connection in ways that positively impacts a man’s family and his city. FREE Study Guide chapter download!
What it reported doing in 2024
Core's desire is for men to see god work through their own broken stories, to bring beauty and flourishing to a broken world. We see the power of the gospel combating the performance-based cultural narratives and moving men toward the grace, mercy and redemption that is offered through jesus. We are positioned to impact organizations with the development of signature, high quality resources and consult with them on initiatives and events that help catalyze their own vision and mission.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and program spending has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 92
- Transparency & Controls: 100
- Sustainability: 4
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 78.9%; rating input score 79
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: -29.6%; rating input score 5; 5th percentile among comparable filings
- Total-asset coverage ratio: 0.01; rating input score 3; 3rd percentile among comparable filings
- Liabilities to assets ratio: 3.69; rating input score 2; 2nd percentile among comparable filings
- Officer compensation ratio: 42.4%; rating input score 6; 6th percentile among comparable filings
Growth
- Program expense growth: -7.1% per year; rating input score 0; 17th percentile among comparable filings
- Revenue growth: -5.3% per year; rating input score 0; 8th percentile among comparable filings
- Asset growth: 8.6% per year; rating input score 100; 57th percentile among comparable filings
Details
- What they do: 1 operating location identified
- Where the money goes: 100% of revenue deployed · 78.9% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $146K in reported program spending
- Leadership: top reported pay $0 · 6 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 3 filed schedules
- Filing history: 2 filing years from 2022 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Related organizations: Filed and resolved organization relationships.
- 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 — Sustainability: Operating margin scored 5/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 3/100.
- High — Sustainability: Liabilities to assets ratio scored 2/100.
- High — Sustainability: Officer compensation ratio scored 6/100.