Is One Life Ministries Inc Legit?

Quick charity verification for One Life Ministries Inc (EIN: 201048557)

Verdict: One Life Ministries Inc appears trustworthy

75/100Mission Score
$75KRevenue
$74KAssets
2Red Flags
3Strengths

Red Flags

Strengths

AI Transparency Report

One Life Ministries Inc, a small organization with recent annual revenues around $75,000, demonstrates a mixed financial picture. While the organization has consistently reported zero officer compensation, indicating good stewardship in that area, its financial stability shows some volatility. In 2022, expenses ($81,822) significantly outstripped revenue ($64,168), leading to a deficit. However, the most recent filing for 2023 shows a positive net income with revenues of $76,789 against expenses of $69,632. The organization's assets have fluctuated, from a high of $155,646 in 2017 to $64,626 in 2023, suggesting inconsistent growth or significant spending in certain periods. The lack of liabilities in the most recent filing is a positive indicator of financial health.

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Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.

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