Quick charity verification for Life In Faith Inc (EIN: 202637389)
Verdict: Life In Faith Inc appears trustworthy
70/100Mission Score
$145KRevenue
$1.0MAssets
2Red Flags
3Strengths
Red Flags
Very low reported expenses relative to revenue and assets, raising questions about program scale.
Significant asset accumulation without clear corresponding program expenditure growth.
Strengths
Consistent absence of officer compensation, indicating volunteer leadership.
Strong asset growth over time, demonstrating financial stability and stewardship.
Very low liabilities across all reported periods, indicating sound financial management.
Spending Breakdown
How Life In Faith Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
0%
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 Life In Faith Inc
Is Life In Faith Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Life In Faith Inc (EIN: 202637389) appears trustworthy. Mission Score: 70/100. 2 red flags identified, 3 strengths noted.
Is Life In Faith Inc a good charity to donate to?
Life In Faith Inc has a Mission Score of 70/100. Revenue: $145K. Assets: $1.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Life In Faith Inc?
The Employer Identification Number (EIN) for Life In Faith Inc is 202637389. 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 Life In Faith Inc spend its money?
Life In Faith Inc allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Life In Faith Inc's tax-exempt status?
You can verify Life In Faith Inc's tax-exempt status using EIN 202637389 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
Life In Faith Inc. demonstrates a unique financial profile, characterized by very low reported expenses relative to its revenue in most recent years, and a significant accumulation of assets. For instance, in 2023, with revenue of $33,496, expenses were only $1,920. This pattern suggests either a highly efficient operation with minimal overhead or, potentially, that a substantial portion of its activities or expenditures are not fully captured in the reported 'expenses' category, or that funds are primarily being held for future use rather than immediate program deployment. The organization's assets have grown substantially over time, from $60,352 in 2011 to $983,382 in 2023, indicating strong financial stewardship in terms of asset accumulation. However, the consistently low reported expenses, especially in comparison to its asset base and occasional higher revenue years (e.g., $304,047 in 2015), raise questions about the scale and nature of its programmatic activities and how effectively its resources are being deployed towards its stated mission. The absence of reported officer compensation across all filings suggests a volunteer-driven leadership, which is a positive indicator of resource allocation, but further clarity on program spending would enhance transparency.