Sidney & Helen Correll Ministries Inc
501(c)(3) Donations tax-deductible
Only null% goes to programs Thin reserves Growing revenue
Sidney & Helen Correll Ministries Inc is a 501(c)(3) organization based in Charlotte, North Carolina, registered in 1979, with $954,597 in FY2023 revenue. CharityIndex grades it C.
Po Box 7705, Charlotte, NC, 28241 EIN 56-1220026 Since 1979
Revenue (FY2023)
$955K
▼ 1.5% vs prior year
Expenses (FY2023)
$1.0M
Net assets
$32K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Sidney & Helen Correll Ministries Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CFinancial health25% of the rating0 mo reserves · -7% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Sidney & Helen Correll Ministries Inc: 0 mo reserves · -7% margin earns a C on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Sidney & Helen Correll Ministries Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Sidney & Helen Correll Ministries Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- Po Box 7705, Charlotte, NC, 28241
- City
- Charlotte
- State
- North Carolina
- Category
- —
- Subcategory
- —
- Website
- …
Financial trends
Revenue grew from $767K (FY2013) to $955K (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $17KNet assets $32K
Operating margin
-7.1%
Spent more than it raised in the latest fiscal year.
Total assets
$49K
Total liabilities
$17K
Net assets
$32K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $954,597▼1.5% | $1,021,940▲0.6% | $32,286▼67.6% | $49,225▼52.0% | 990 |
| 2022 | $968,667▼4.3% | $1,015,894▼7.2% | $99,629▼32.0% | $102,527▼39.3% | 990 |
| 2021 | $1,011,741▲27.5% | $1,095,289▲76.5% | $146,617▼36.3% | $168,769▼26.8% | 990 |
| 2020 | $793,781▲16.7% | $620,684▼9.1% | $230,165▲303% | $230,602▲231% | 990 |
| 2019 | $679,917▲0.8% | $683,103▼10.2% | $57,068▼5.3% | $69,604▼5.4% | 990 |
| 2018 | $674,746▼27.1% | $760,698▼6.2% | $60,254▼59.0% | $73,578▼52.0% | 990 |
| 2017 | $926,039▲6.9% | $811,328▼10.1% | $147,014▲355% | $153,217▲374% | 990 |
| 2016 | $865,923▼6.1% | $902,535▼4.4% | $32,303▼53.1% | $32,303▼53.1% | 990 |
| 2015 | $921,905▲21.5% | $943,757▲21.4% | $68,915▼24.1% | $68,915▼24.1% | 990 |
| 2014 | $758,772▼1.1% | $777,555▲5.7% | $90,767▼17.1% | $90,767▼17.1% | 990 |
| 2013 | $767,305 | $735,305▼18.3% | $109,550▲41.3% | $109,550▲41.3% | 990 |
| 2012 | — | $899,783▲72.8% | $77,550▼51.7% | $77,550▼51.7% | 990 |
| 2010 | — | $520,840 | $160,474 | $160,474 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Grants received · $271K total
19 grants to Sidney & Helen Correll Ministries Inc totaling $271K, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| International Generosity Foundation Trust | Promotion of christian faith | 2023 | $7,450 |
| Network For Good Inc | Unrestricted | 2022 | $28,632 |
| Paypal Charitable Giving Fund | General support | 2022 | $5,549 |
| International Generosity Foundation Trust | Growth | 2022 | $5,048 |
| Network For Good Inc | Unrestricted | 2021 | $20,969 |
| International Generosity Foundation Trust | Evangelism | 2021 | $10,354 |
| Network For Good Inc | Unrestricted | 2020 | $23,903 |
| Network For Good Inc | Unrestricted | 2019 | $23,300 |
| Network For Good Inc | Unrestricted | 2018 | $35,915 |
| National Christian Charitable Foundation | Evangelism | 2018 | $200 |
| Network For Good Inc | Unrestricted | 2017 | $27,553 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2017 | $10,000 |
| National Christian Charitable Foundation | Evangelism | 2017 | $1,200 |
| Network For Good Inc | Unrestricted | 2016 | $23,685 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2016 | $10,000 |
Frequently asked questions
- Is Sidney & Helen Correll Ministries Inc a legitimate nonprofit?
- Yes. Sidney & Helen Correll Ministries Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 56-1220026, based in Charlotte, North Carolina. Donations are tax-deductible.
- What is Sidney & Helen Correll Ministries Inc's EIN?
- Sidney & Helen Correll Ministries Inc's Employer Identification Number (EIN) is 56-1220026.
- How much revenue does Sidney & Helen Correll Ministries Inc report?
- Sidney & Helen Correll Ministries Inc reported $954,597 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does Sidney & Helen Correll Ministries Inc have?
- CharityIndex grades Sidney & Helen Correll Ministries Inc C, based on financial health (reserves and operating margin).
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Data for Sidney & Helen Correll Ministries Inc (EIN 56-1220026) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.