Overview
What is Innerlight Ministries Inc?
Innerlight Ministries Inc, based in Indianapolis, Indiana, is a nonprofit organization with a primary mission to spread Christianity. They achieve this objective through various means, including concerts, public engagements, and interactive sessions. The ministry demonstrates its commitment by donating to various 501c3 organizations, supporting needy families, and aiding veterans in the United States. Additionally, they offer their time and services to multiple ministries and contribute to orphanages in Asian countries. The ministry's principles also conduct events to promote their faith, with Phil Foley delivering sermons at churches, conducting weddings, funerals, and revivals. With a modest workforce of one individual, Innerlight Ministries Inc continues to spread their beliefs and offer support to those in need.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Innerlight Ministries Inc has received a Two-Star out of Four Star rating with an overall score of 70%. This rating indicates that while the organization demonstrates some strengths in accountability and financial management, there are significant areas that require attention.
The nonprofit has a commendable program expense ratio of 87.43%, suggesting that a large portion of its funds is directed towards its programs. Additionally, it has a solid liabilities to assets ratio of 8.73%, indicating good financial stability and low levels of debt. The board's structure shows a majority of independent members, which is a positive aspect in terms of governance.
However, the organization faces notable shortcomings in its accountability practices. Key policies, such as conflict of interest and whistleblower policies, are missing, along with essential documentation like board meeting minutes and a website link on its tax form. These deficiencies contribute to its overall rating and highlight the need for improved transparency and governance practices.
This AI summary has been generated from information found on Charity Navigator.
Is Innerlight Ministries Inc legitimate?
Innerlight Ministries Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Innerlight Ministries 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: $6,600
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Innerlight Ministries Inc?
Innerlight Ministries Inc's primary objective is to propagate Christianity. They achieve this through various means, including concerts, speaking engagements, and interacting with the public. The ministry has made significant outreach efforts, providing donations to various 501c3 organizations, assisting needy families, veterans, and supporting several other ministries. Additionally, they have offered their time and services to orphanages in Asian countries. Furthermore, the ministry hosts events to promote Christianity and has seen their principals, such as Phil Foley, preach at churches, conduct weddings, funerals, and revivals.
What is the revenue of Innerlight Ministries Inc?
Innerlight Ministries Inc's revenue in 2023 was $400,123.
Who are the executives of Innerlight Ministries Inc and what are their salaries?
The average compensation at Innerlight Ministries Inc during 2023 was $6,600. There is 1 employee at Innerlight Ministries Inc.
Here are 5 key members and their salaries:
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- Related: $0
- Other: $0
- Compensation: $6,600
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Innerlight Ministries Inc?
Innerlight Ministries Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Innerlight Ministries Inc
Innerlight Ministries Inc, a nonprofit organization, is dedicated to the dissemination of Christianity. They achieve this mission through various means, including concerts, speaking engagements, and interacting with the public. The ministry expands its reach beyond its immediate circle, making significant contributions through donations to other 501c3 organizations, providing assistance to needy families and veterans, and offering support to various other ministries. In international outreach, Innerlight Ministries Inc aids orphanages in Asian countries. The principals of the organization are actively involved, hosting events to promote Christianity and engaging in various religious activities such as conducting weddings, funerals, and revivals at different churches. Phil Foley, a key figure in Innerlight Ministries Inc, delivers sermons at several churches, further spreading the message of Christianity.
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Impact
July, 2024
Innerlight Ministries Inc's impact is profound, as it has played a significant role in spreading Christianity both in the United States and in Asia. Through donations to other nonprofit organizations, support for needy families, veterans, and orphanages in Asian countries, as well as hosting events to promote Christianity, Innerlight Ministries Inc has touched the lives of many individuals. The principals of the ministry have conducted various religious ceremonies such as funerals, weddings, and revivals, and have preached in churches to further their mission of sharing the message of Christianity. Their dedication to this cause is evident in the various ways they have reached out to communities and individuals, making a lasting impact on those they have served.
This information is meant to be a general summary of Innerlight Ministries 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 2023.
- Investment Income: $1,602
- Program Service Revenue: $398,521
- Gross Receipts: $400,123
Assets and Liabilities:
- Total Assets: $724,635
- Total Liabilities: $63,325
- Net Assets: $661,310
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Organization Details
Founding Year
1992
Principal Officer
Philip Foley
NTEE Category
Code: X21Z - Religion related
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