Channels Of Love Ministries Inc
Channels Of Love Ministries Inc consistently operates with revenues around $130,000 and reports no officer compensation.
EIN: 201602391 · Chattanooga, TN · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $135K |
| Total Expenses | $131K |
| Program Spending | 85% |
| Net Assets | $89K |
| Transparency Score | 85/100 |
Is Channels Of Love Ministries Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Channels Of Love Ministries Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Channels Of Love Ministries Inc
Channels Of Love Ministries Inc (EIN: 201602391) is a nonprofit organization based in Chattanooga, TN. The organization reported total revenue of $135K and total assets of $80K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Channels Of Love Ministries Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Channels Of Love Ministries Inc is a small nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $137K |
| Total Expenses | $131K |
| Surplus / Deficit | +$6K |
| Total Assets | $89K |
| Net Assets | $89K |
| Operating Margin | 4.7% |
| Months of Reserves | 8.1 months |
Financial Health Grade: A
In 2023, Channels Of Love Ministries Inc reported a surplus of $6K with revenue exceeding expenses, holds 8.1 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Channels Of Love Ministries Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +9.2% | +3.0% | +7.9% |
| 2022 | +10.2% | +4.6% | -1.9% |
| 2021 | -11.3% | +6.4% | -7.8% |
| 2020 | -1.6% | -10.2% | +18.8% |
| 2019 | +5.9% | -5.9% | +5.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Channels Of Love Ministries Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Channels Of Love Ministries Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $6K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that no salaries or other compensation are paid to officers, which is highly unusual for an organization of its size and suggests a volunteer-led structure.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Channels Of Love Ministries Inc's IRS 990 filings:
- NTEE Code is Unknown, limiting sector-specific comparative analysis
- Lack of detailed expense breakdown (program, admin, fundraising) in provided summary data
Strengths
The following positive indicators were identified for Channels Of Love Ministries Inc:
- Consistent financial stability with stable revenues and expenses
- Zero officer compensation reported across all filings, indicating volunteer leadership and efficient use of funds
- Minimal to no liabilities reported, demonstrating strong financial health and solvency (e.g., $0 liabilities in 202309)
- Healthy asset base relative to its size (e.g., $88,654 in 202309)
- Long history of IRS 990 filings (13 filings), indicating commitment to transparency
Frequently Asked Questions about Channels Of Love Ministries Inc
Is Channels Of Love Ministries Inc a legitimate charity?
Channels Of Love Ministries Inc (EIN: 201602391) is a registered tax-exempt nonprofit based in Tennessee. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $135K. 2 red flags identified. 5 strengths noted. Financial health grade: A.
How does Channels Of Love Ministries Inc spend its money?
Channels Of Love Ministries Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Channels Of Love Ministries Inc tax-deductible?
Channels Of Love Ministries Inc is registered as a tax-exempt nonprofit (EIN: 201602391). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Channels Of Love Ministries Inc's spending goes to programs?
Channels Of Love Ministries Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Channels Of Love Ministries Inc located?
Channels Of Love Ministries Inc is headquartered in Chattanooga, Tennessee and files with the IRS under EIN 201602391.
How many years of IRS 990 filings does Channels Of Love Ministries Inc have?
Channels Of Love Ministries Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $135K in total revenue.
Is Channels Of Love Ministries Inc a good charity?
Based on the provided data, Channels Of Love Ministries Inc appears to be a well-managed small charity. It maintains stable finances, has minimal liabilities, and notably reports 0% officer compensation, suggesting a strong dedication to its mission and efficient use of funds. However, without detailed program expense breakdowns, a full assessment of its impact is challenging.
How does Channels Of Love Ministries Inc manage its finances?
The organization manages its finances consistently, with revenues and expenses closely aligned, typically around $120,000-$130,000 annually. It maintains a healthy asset base (e.g., $88,654 in 202309) and has reported minimal to no liabilities, indicating prudent financial stewardship.
What is the trend in Channels Of Love Ministries Inc's revenue and expenses?
Channels Of Love Ministries Inc has shown a stable trend in both revenue and expenses over the past decade, generally fluctuating within a narrow range. For example, in 202309, revenue was $137,298 and expenses were $130,804, consistent with prior years.
Filing History
IRS 990 filing history for Channels Of Love Ministries Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Channels Of Love Ministries Inc's revenue has grown by 2.7%, moving from $134K to $137K. Total assets increased by 16.2% over the same period, from $76K to $89K. Total functional expenses rose by 2.6%, from $127K to $131K. In its most recent filing year (2023), Channels Of Love Ministries Inc reported a surplus of $6K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $137K | $131K | $89K | $0 | — | View 990 |
| 2022 | $126K | $127K | $82K | $0 | — | View 990 |
| 2021 | $114K | $121K | $84K | $266 | — | View 990 |
| 2020 | $129K | $114K | $91K | $0 | — | View 990 |
| 2019 | $131K | $127K | $76K | $0 | — | View 990 |
| 2018 | $123K | $135K | $73K | $0 | — | View 990 |
| 2017 | $122K | $132K | $84K | $0 | — | View 990 |
| 2016 | $113K | $103K | $95K | $94 | — | View 990 |
| 2015 | $124K | $117K | $86K | $2K | — | View 990 |
| 2014 | $119K | $118K | $79K | $2K | — | View 990 |
| 2013 | $122K | $126K | $76K | $17 | — | View 990 |
| 2012 | $127K | $122K | $81K | $188 | — | View 990 |
| 2011 | $134K | $127K | $76K | $236 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $137K, expenses of $131K, and assets of $89K (revenue +9.2% year-over-year).
- 2022: Revenue of $126K, expenses of $127K, and assets of $82K (revenue +10.2% year-over-year).
- 2021: Revenue of $114K, expenses of $121K, and assets of $84K (revenue -11.3% year-over-year).
- 2020: Revenue of $129K, expenses of $114K, and assets of $91K (revenue -1.6% year-over-year).
- 2019: Revenue of $131K, expenses of $127K, and assets of $76K (revenue +5.9% year-over-year).
- 2018: Revenue of $123K, expenses of $135K, and assets of $73K (revenue +1.2% year-over-year).
- 2017: Revenue of $122K, expenses of $132K, and assets of $84K (revenue +7.6% year-over-year).
- 2016: Revenue of $113K, expenses of $103K, and assets of $95K (revenue -8.5% year-over-year).
- 2015: Revenue of $124K, expenses of $117K, and assets of $86K (revenue +4.2% year-over-year).
- 2014: Revenue of $119K, expenses of $118K, and assets of $79K (revenue -2.2% year-over-year).
- 2013: Revenue of $122K, expenses of $126K, and assets of $76K (revenue -4.2% year-over-year).
- 2012: Revenue of $127K, expenses of $122K, and assets of $81K (revenue -5.0% year-over-year).
- 2011: Revenue of $134K, expenses of $127K, and assets of $76K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Channels Of Love Ministries Inc:
Data Sources and Methodology
This transparency report for Channels Of Love Ministries Inc 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.