Apostolic Life Center
EIN: 262948854 · Myrtle Beach, SC · NTEE: X21
| Metric | Value |
|---|---|
| Total Expenses | $64K |
| Net Assets | $23K |
Is Apostolic Life Center Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Apostolic Life Center
Apostolic Life Center (EIN: 262948854) is a nonprofit organization based in Myrtle Beach, SC, classified under NTEE code X21. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Apostolic Life Center's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Apostolic Life Center is a micro nonprofit that has been operating for 15 years, with 3 years of IRS 990 filings on record (2011–2013). Revenue has grown at a compound annual rate of -4.9%.
Key Financial Metrics (2013)
From the most recent IRS 990 filing on record:
| Total Revenue | $84K |
| Total Expenses | $64K |
| Surplus / Deficit | +$20K |
| Total Assets | $23K |
| Net Assets | $23K |
| Operating Margin | 23.4% |
| Months of Reserves | 4.3 months |
Financial Health Grade: A
In 2013, Apostolic Life Center reported a surplus of $20K with revenue exceeding expenses, holds 4.3 months of operating reserves (adequate).
Financial Trends
Over 3 years of filings (2011–2013), Apostolic Life Center's revenue has declined at a compound annual growth rate (CAGR) of -4.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2013 | +21.5% | -24.3% | +600.5% |
| 2012 | -25.5% | -13.8% | -83.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 2011 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Apostolic Life Center has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Apostolic Life Center with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2013)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $20K, with revenue exceeding expenses.
Frequently Asked Questions about Apostolic Life Center
Is Apostolic Life Center a legitimate charity?
Apostolic Life Center (EIN: 262948854) is a registered tax-exempt nonprofit based in South Carolina. It has 3 years of IRS 990 filings on record. No red flags identified. Financial health grade: A.
How does Apostolic Life Center spend its money?
Apostolic Life Center reported its financials in IRS 990 filings. 3 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Apostolic Life Center tax-deductible?
Apostolic Life Center is registered as a tax-exempt nonprofit (EIN: 262948854). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Apostolic Life Center located?
Apostolic Life Center is headquartered in Myrtle Beach, South Carolina and files with the IRS under EIN 262948854. It is classified under NTEE code X21.
How many years of IRS 990 filings does Apostolic Life Center have?
Apostolic Life Center has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data.
Filing History
IRS 990 filing history for Apostolic Life Center showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2011–2013), Apostolic Life Center's revenue has declined by 9.5%, moving from $92K to $84K. Total assets increased by 18.9% over the same period, from $19K to $23K. Total functional expenses fell by 34.8%, from $98K to $64K. In its most recent filing year (2013), Apostolic Life Center reported a surplus of $20K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2013 | $84K | $64K | $23K | $0 | — | View 990 |
| 2012 | $69K | $85K | $3K | $0 | — | View 990 |
| 2011 | $92K | $98K | $19K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2013: Revenue of $84K, expenses of $64K, and assets of $23K (revenue +21.5% year-over-year).
- 2012: Revenue of $69K, expenses of $85K, and assets of $3K (revenue -25.5% year-over-year).
- 2011: Revenue of $92K, expenses of $98K, and assets of $19K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Apostolic Life Center:
Data Sources and Methodology
This transparency report for Apostolic Life Center is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.