500k FY2023 filing

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EIN 83-1375770 Religious organization Phoenix, AZ NTEE X20
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Revenue & expenses by yearFY2020–FY2025
Revenue
$380K
FY2023▲ +72%
Expenses
$318K
FY2023▲ +29%

Form 990 for the fiscal year ending December 2023 (IRS tax year 2023).


Supports charitable, educational, and religious causes through its programs. For fiscal year 2023 it reported $380K in revenue, $318K in expenses, and $79K in net assets.Pt I

Founded
2018
Type
Religious organization · Religion
Location
Phoenix, AZ
Website
the500k.com
Filings
6 on file (2020–2023)
Revenue
$380KFY2023
Expenses
$318K
Net assets
$79K
People
6
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →
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Provided by the organization

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Size
$100K–1M
What they do
Supports charitable, educational, and religious causes through its programs.
Leadership
Mr Christian Hidden · President
Money in and out
$380K revenue, $318K expenses
Bottom line
99% program efficiency

What Funders Ask

6 questions, answered from this org's own filings

Will my donation be tax-deductible?

GOOD

Yes — A charitable, religious, educational, scientific, or literary organization. Contributions are generally tax-deductible for donors.

IRS Business Master File records this organization as tax-exempt with deductible contributions. See detail →

Can I donate to this org right now?

GOOD

No revocation on IRS record

This EIN does not appear on the IRS auto-revocation list. See detail →

Is this organization up to date?

GOOD

Yes — filed FY2025

Most recent Form 990 on file is for fiscal year 2025 (1 year ago). See detail →

Is it receiving grants from reputable foundations?

GOOD

4 funders, incl. Natl Christian Charitable Fdn INC

4 distinct foundation funder(s) on file, $254K received in the most recent year with grants. See detail →

How is the money spent?

GOOD

99% to programs

99% of total functional expenses went to program services in the most recent filing (Form 990 Part IX); the rest is overhead and fundraising. See detail →

What's its financial size and trend?

NEUTRAL

$100K–1M · ↑ +72% vs prior year

Revenue band $100K–1M, +72% versus the prior filing year (up). See detail →

Where the money goes · FY2023
Total revenue
$380K
Pt VIII · Ln 12
Total expenses
$318K
Pt IX · Ln 25
Net assets
$79K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $62K
Where spending went · Part IX cols B–D
Program services $0.99 Management & general $0.01
Program efficiency
99%
of spending reaches programs
Operating runway
3.0mo
months of highly liquid reserves at operating expense rate
Surplus margin
+16%
revenue over expenses, this year

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Summary of the Filing

Part I · fiscal year 2023 · Form 990
Total assets
$79K
FY2023▲ +352%
Total liabilities
$0
FY2023
Revenue less expensesPt I · Ln 19$62K
Total assetsPt X · Ln 16$79K
Program-expense ratioPt IX · col B99%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 46

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item C500k
EINHdr · item D83-1375770
Principal addressHdr · item CPhoenix, AZ
WebsiteHdr · item Jthe500k.com
Year of formationHdr · item L2018
State of legal domicileHdr · item MAZ
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFReligion (X20)
Ruling yearIRS BMFJun 2019

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1b6
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

1 program service account for $315K of program spending, described in the organization's own filed words · FY2023.
01

The organization has raised funds for the establishment of faith communities across the world. These funds have been dispensed in 2023 in accordance with grant applications.

$315Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants100%$380K
Total revenueLn 12$380K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.99 Management & general $0.01
Program services99%$315K
Management & general1%$3K
Total functional expensesLn 25$318K

Balance Sheet

Part X · end of year
CashLn 1$79K
Total assetsLn 16$79K
Total liabilitiesLn 26$0
Total net assetsLn 32$79K
Months of cash on handcomputed3.0

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $79K · Operating expenses/yr $318K
3.0 months
Where the money goes
Program services
Program services $315K · Total expenses $318K
99%
Management & General
Management & general $3K · Total expenses $318K
1%
Fundraising
Fundraising $0 · Total expenses $318K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $300K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $380K · Total revenue $380K
100%
Government reliance
Government grants — · Total revenue $380K
—
Earned-income share
Program service revenue $0 · Total revenue $380K
0%
Investment reliance
Investment income $0 · Total revenue $380K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $318K
0%
Growth & trend
Revenue growth (YoY)
This year $380K · Prior year $220K
+72%
Net-asset trend (YoY)
End of year $79K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $380K · Expenses $318K
+16%
Liabilities-to-Assets
Total liabilities — · Total assets $79K
—
Net-asset ratio
Net assets $79K · Total assets $79K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $79K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Mr Christian Hidden · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $318K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $318K
—
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 99%——
Overhead ratio 1%——
Fundraising cost ratio 0%——
Revenue growth 72%——
Accounting fee ratio 0.7%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 4 funders →
Grants paid · 4 grants · $544K · 2025–2025
Empowerment and Care Alliance CorpFY2025$89,715

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$613K revenue · ⤓ 990 PDF
FY2024$429K revenue · ⤓ 990 PDF
FY2023$380K revenue · viewing · ⤓ 990 PDF
FY2022$220K revenue · ⤓ 990 PDF
FY2021$157K revenue · ⤓ 990 PDF
FY2020$142K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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