Theark Inc

Nonprofit profile at a glance

EIN
471435699
IRS 990-EZ coverage
2015–2022
Forms available
Form 990-EZ 2022
Location
Albany, GA, USA
Phone
2294364379
Rating
81
Verdict
STRONG
Rating confidence
Moderate
Sector
Christianity
Affiliation
Christianity

Reported finances

Revenue
$6,769
Expenses
$6,266
Assets
$7,995

Source: IRS Form 990-EZ. Selected filing: tax year 2022. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

  • JENNIFER SHERLING (CEO)

People named in this filing

  • JENNIFER SHERLING (CEO)
  • SHELIA CREEL (SECRETARY)
  • CINDY RIGSBY (CFO)

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 2022. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Section 2. Specific nonprofit objectives and purposes the specific objectives and purposes of this corporation shall be: 1.conduct christian educational meetings, seminars, conferences and bible studies 2.conduct christian services and functions including but not limited to: a)church meetings b)funerals c)weddings d)other ministerial functions 3.to provide christian biblical counseling 4.to provide, promote, facilitate and participate in christian educational and evangelical missions, at home and abroad 5.to provide facilities for christian ministry 6.to contribute to and support other christian 501(c)(3) nonprofit ministries section 3. Christian ministry objectives and purposes it shall be the purpose of theark, inc. To spread the gospel of jesus christ through the preaching and teaching of the holy bible, to bring the unsaved to jesus christ, to build up and disciple the saved in christian grace and living, to have a vital part in missions here and abroad, and to strive toward unity

What it reported doing in 2022

Charitable and other: the organization provides for general relief to the poor and needy, as well as support to approved other 501(c)(3) churches and charitable organizations which support the organizatins specific tax exempt purposes

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. Program spending has declined or grown slowly and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 92
  • Transparency & Controls: 82
  • Sustainability: 49
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 88.7%; rating input score 89
  • Program expense ratio: 95.9%; rating input score 96

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 7.4%; rating input score 58; 58th percentile among comparable filings
  • Total-asset coverage ratio: 1.28; rating input score 50; 50th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: -7.9% per year; rating input score 0; 33rd percentile among comparable filings
  • Revenue growth: -9.7% per year; rating input score 0; 28th percentile among comparable filings
  • Asset growth: -1.5% per year; rating input score 0; 33rd percentile among comparable filings

Details

  • Where the money goes: 88.7% of revenue deployed · 95.9% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 4 filed program accomplishments · $6K in reported program spending
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 6 of 6 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 7 filing years from 2015 to 2022
  • Contacts: How to reach this organization
  • 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.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Sustainability: Operating margin scored 58/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Sustainability: Total-asset coverage ratio scored 50/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.