Quick charity verification for L I F E Ministries Inc (EIN: 20387107)
Verdict: L I F E Ministries Inc appears trustworthy
90/100Mission Score
$478KRevenue
$1.8MAssets
1Red Flags
4Strengths
Red Flags
Expenses exceeded revenue in 2023 ($321,986 vs. $261,799), indicating a deficit for that period.
Strengths
Consistent asset growth from $521,040 in 2014 to $1,627,451 in 2023.
Zero officer compensation reported across all 12 filings, indicating high efficiency and dedication of funds to mission.
Minimal to no liabilities reported in recent years, demonstrating strong financial stability.
Long history of IRS 990 filings (12 filings), suggesting consistent compliance and transparency.
Spending Breakdown
How L I F E Ministries Inc allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about L I F E Ministries Inc
Is L I F E Ministries Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, L I F E Ministries Inc (EIN: 20387107) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
Is L I F E Ministries Inc a good charity to donate to?
L I F E Ministries Inc has a Mission Score of 90/100. Revenue: $478K. Assets: $1.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for L I F E Ministries Inc?
The Employer Identification Number (EIN) for L I F E Ministries Inc is 20387107. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does L I F E Ministries Inc spend its money?
L I F E Ministries Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify L I F E Ministries Inc's tax-exempt status?
You can verify L I F E Ministries Inc's tax-exempt status using EIN 20387107 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
L I F E Ministries Inc demonstrates a generally stable financial position with consistent asset growth over the past decade, increasing from $521,040 in 2014 to $1,627,451 in 2023. The organization has maintained a healthy balance sheet with minimal to no liabilities reported in recent years, indicating strong financial management and low debt risk. While revenue has fluctuated, notably peaking at $719,527 in 2021 and then decreasing to $261,799 in 2023, the organization has consistently managed its expenses, which have remained relatively stable, typically below $250,000 annually, with the exception of 2023 where expenses ($321,986) exceeded revenue. The consistent reporting of 0% officer compensation across all filings suggests a high degree of transparency regarding executive pay and a commitment to directing funds towards the mission.