Novel Approach Ministries Inc
Berthoud, Colorado
CHealth Score
39C
Financial Health Score
8-metric score across financial health, operational efficiency, and resilience. Based on IRS Form 990 filing data.
Below Average
💰
$131K
Total Revenue
📊
$166K
Total Expenses
🏦
$25K
Net Assets
📋
N/A
Total Liabilities
Financial Trends
5-Year Trend Analysis
Financial Health Indicators
Revenue Growth
-0.5%
Year-over-year change (2022 → 2023)
Net Margin
-27.4%
Revenue minus expenses as % of revenue
Filing History
6 filings on record| Year | Revenue | Expenses | Assets | |
|---|---|---|---|---|
| 2023 | $130,675↓1% | $166,434↓6% | $25,259↓59% | |
| 2022 | $131,363↓1% | $177,208↑11% | $61,019↓43% | — |
| 2021 | $133,120↓1% | $160,139↑92% | $106,864↓20% | — |
| 2020 | $134,284↓16% | $83,375↑9% | $133,898↑61% | — |
| 2019 | $159,176↑362% | $76,317↑122% | $82,990↑13052% | — |
| 2018 | $34,481 | $34,350 | $631 | — |
Frequently Asked Questions
What does Novel Approach Ministries Inc do?▼
Novel Approach Ministries Inc is a religion-related nonprofit organization based in Colorado. It is classified under NTEE code X20 and is registered as a 501(c) tax-exempt organization with the IRS.
Is Novel Approach Ministries Inc financially healthy?▼
Financial health scoring requires Form 990 filing data. Check back as we process more filings for Novel Approach Ministries Inc.
How much revenue does Novel Approach Ministries Inc generate?▼
Novel Approach Ministries Inc reports $126K in annual revenue and holds $17K in total assets, based on IRS filings.
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