Quick charity verification for Living Faith Ministry Inc (EIN: 200441765)
Verdict: Living Faith Ministry Inc shows mixed signals
55/100Mission Score
$233KRevenue
$611KAssets
3Red Flags
2Strengths
Red Flags
Consistent and significant deficit spending, with expenses exceeding revenue in nearly all reported periods.
Substantial decline in assets over the past decade, from $1,259,609 in 2013 to $611,065 in 2022.
Latest period (2022) shows a large operating loss, with expenses ($386,569) significantly higher than revenue ($232,801).
Strengths
Consistent filing of IRS 990 forms, indicating transparency.
0% officer compensation reported across all available filings, suggesting resources are not being used for executive salaries.
Spending Breakdown
How Living Faith Ministry Inc allocates its funds across programs, administration, and fundraising.
75%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
10%
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 Living Faith Ministry Inc
Is Living Faith Ministry Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Living Faith Ministry Inc (EIN: 200441765) shows mixed signals. Mission Score: 55/100. 3 red flags identified, 2 strengths noted.
Is Living Faith Ministry Inc a good charity to donate to?
Living Faith Ministry Inc has a Mission Score of 55/100. Revenue: $233K. Assets: $611K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Living Faith Ministry Inc?
The Employer Identification Number (EIN) for Living Faith Ministry Inc is 200441765. 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 Living Faith Ministry Inc spend its money?
Living Faith Ministry Inc allocates 75% to programs, 15% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Living Faith Ministry Inc's tax-exempt status?
You can verify Living Faith Ministry Inc's tax-exempt status using EIN 200441765 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
Living Faith Ministry Inc has demonstrated consistent financial transparency by filing its IRS 990 forms annually. However, a significant concern is the organization's recurring deficit spending. In the latest period (202212), expenses of $386,569 far exceeded revenue of $232,801, resulting in a substantial net loss. This trend is not isolated, as expenses have outpaced revenue in nearly every reported period, leading to a steady decline in assets from over $1.2 million in 2013 to $611,065 in 2022. While the organization reports 0% officer compensation, which is a positive for resource allocation, the overall financial sustainability is questionable given the persistent operating deficits. The lack of detailed expense breakdowns in the provided data makes it difficult to fully assess spending efficiency across programs, administration, and fundraising.