Overview
What is Speaking Spirit Ministries International Inc?
Speaking Spirit Ministries International Inc is a faith-based nonprofit organization established in Richmond, Virginia. Their primary objective is to disseminate the teachings of Jesus Christ, as encapsulated in their mission statement: "To spread the gospel of the lord Jesus christ." This is achieved through the operation of a Christian theater, presumably serving as a platform for spiritual enlightenment and worship. The organization's purpose remains focused on spreading the word of Jesus Christ, contributing to the religious community in Richmond, VA.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 76% (Three-Star out of Four Star rating)
Speaking Spirit Ministries International Inc has received a Three-Star rating from Charity Navigator, reflecting a solid performance in accountability and finance. The organization scores particularly well in areas such as having a majority of independent board members, maintaining a clear conflict of interest policy, and ensuring document retention processes are in place. The absence of material asset diversion and sound practices in board governance further bolster their accountability profile.
Financially, the organization demonstrates strong program expense ratios, indicating that a significant portion of its funds is directed towards its programs rather than administrative costs. Notably, the working capital ratio suggests that the nonprofit has a healthy buffer of resources available to sustain its operations for over two years. However, the fundraising efficiency ratio raises some concerns, indicating that the organization incurs relatively high costs in relation to the funds it raises.
While the overall score is commendable, the limitations in fundraising efficiency suggest that there may be opportunities for improvement in how the organization raises funds. However, the strong commitment to financial accountability and programmatic focus highlights the organization's dedication to its mission and responsible stewardship of resources.
This AI summary has been generated from information found on Charity Navigator.
Is Speaking Spirit Ministries International Inc legitimate?
Speaking Spirit Ministries International Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Speaking Spirit Ministries International Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $129,291
Professional Fundraising Fees: $0
Other Salaries and Wages: $828,422
For more financial information, click here
What is the mission statement of Speaking Spirit Ministries International Inc?
Speaking Spirit Ministries International Inc's mission is centered around spreading the message of Jesus Christ's gospel. This mission is also reflected in the activities of its affiliated organization, the Victory Theater, located in Richmond, VA. The organization's primary goal is to disseminate the teachings of Jesus Christ, serving as a vehicle for this divine message. The mission of Speaking Spirit Ministries International Inc is therefore deeply rooted in religious evangelism.
Who is the CEO of Speaking Spirit Ministries International Inc?
Pastor Fred Wyatt is the Pastor of Speaking Spirit Ministries International Inc.
What is the revenue of Speaking Spirit Ministries International Inc?
Speaking Spirit Ministries International Inc's revenue in 2022 was $4,585,999.
Who are the executives of Speaking Spirit Ministries International Inc and what are their salaries?
There 15 volunteers at Speaking Spirit Ministries International Inc.
Here are 3 key members and their salaries:
- Compensation: $129,291
- Related: $0
- Other: $18,904
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Speaking Spirit Ministries International Inc?
Speaking Spirit Ministries International Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Speaking Spirit Ministries International Inc
Speaking Spirit Ministries International Inc is an organization with a compelling mission. At its core, this nonprofit is dedicated to spreading the gospel of Lord Jesus Christ. This mission is carried out through various means, though the specifics are not provided in the given information. It's important to note that the organization's primary focus is on the teachings and message of Jesus Christ.
In essence, Speaking Spirit Ministries International Inc serves as a platform for sharing the divine message of salvation and love as preached by Jesus. The organization likely uses various methods to achieve this, such as religious services, outreach programs, or community engagement activities. By spreading the gospel, Speaking Spirit Ministries International Inc aims to inspire, uplift, and guide individuals towards a deeper understanding and connection with their faith.
The mission of Speaking Spirit Ministries International Inc is a testament to its commitment to religious values and the belief in the power of the gospel to transform lives. The organization's work is a continuous call to spread the teachings of Jesus Christ and foster spiritual growth among its followers and the wider community.
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Impact
October, 2024
Speaking Spirit Ministries International Inc plays a significant role in promoting Christian values and spreading the message of the Gospel in Richmond, VA. Through its outreach initiatives and community engagement, the organization seeks to impact lives by sharing the teachings of Jesus Christ.
By hosting events, services, and activities at the Victory Theater, the ministry creates a welcoming space for individuals to explore their faith and connect with others in the community. Its mission fosters spiritual growth and offers support for those seeking to understand and deepen their relationship with God.
This commitment to evangelism not only provides a spiritual foundation for individuals but also encourages a sense of community, hope, and purpose among its members and the wider population. Through its various programs, Speaking Spirit Ministries International Inc is dedicated to making a meaningful difference in the lives of many, promoting unity and faith-driven action in the Richmond area.
This information is meant to be a general summary of Speaking Spirit Ministries International Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $2,894
- Gross Receipts: $4,585,999
Assets and Liabilities:
- Total Assets: $7,848,921
- Total Liabilities: $3,132,410
- Net Assets: $4,716,511
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Organization Details
Founding Year
2007
Phone
(804) 266-7038Principal Officer
Pastor Fred Wyatt
Main Address
4205 RAVENSWOOD ROAD, RICHMOND, VA, 23222
NTEE Category
Code: X20 - Religion related
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