Fairhaven Ministry Of Faith Hope And Love
EIN: 721313323 · Covington, LA · NTEE: P730
| Metric | Value |
|---|---|
| Total Revenue | $228K |
| Total Expenses | $265K |
| Net Assets | $312K |
Is Fairhaven Ministry Of Faith Hope And Love Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Fairhaven Ministry Of Faith Hope And Love
Fairhaven Ministry Of Faith Hope And Love (EIN: 721313323) is a nonprofit organization based in Covington, LA, classified under NTEE code P730. The organization reported total revenue of $228K and total assets of $328K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Fairhaven Ministry Of Faith Hope And Love's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Fairhaven Ministry Of Faith Hope And Love is a small nonprofit that has been operating for 30 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -2.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $214K |
| Total Expenses | $265K |
| Surplus / Deficit | $-51,177 |
| Total Assets | $312K |
| Net Assets | $312K |
| Operating Margin | -23.9% |
| Months of Reserves | 14.1 months |
Financial Health Grade: B
In 2023, Fairhaven Ministry Of Faith Hope And Love reported a deficit of $51K with expenses exceeding revenue, holds 14.1 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Fairhaven Ministry Of Faith Hope And Love's revenue has declined at a compound annual growth rate (CAGR) of -2.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -29.1% | -9.3% | -14.1% |
| 2022 | +8.8% | -5.6% | +2.7% |
| 2021 | +35.3% | -4.1% | -8.4% |
| 2020 | -64.4% | -19.1% | -23.4% |
| 2019 | +109.2% | +33.6% | +54.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1996 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Fairhaven Ministry Of Faith Hope And Love 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 Fairhaven Ministry Of Faith Hope And Love 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $51K, with expenses exceeding revenue.
Frequently Asked Questions about Fairhaven Ministry Of Faith Hope And Love
Is Fairhaven Ministry Of Faith Hope And Love a legitimate charity?
Fairhaven Ministry Of Faith Hope And Love (EIN: 721313323) is a registered tax-exempt nonprofit based in Louisiana. It has 13 years of IRS 990 filings on record. Total revenue: $228K. No red flags identified. Financial health grade: B.
How does Fairhaven Ministry Of Faith Hope And Love spend its money?
Fairhaven Ministry Of Faith Hope And Love reported $228K in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Fairhaven Ministry Of Faith Hope And Love tax-deductible?
Fairhaven Ministry Of Faith Hope And Love is registered as a tax-exempt nonprofit (EIN: 721313323). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Fairhaven Ministry Of Faith Hope And Love located?
Fairhaven Ministry Of Faith Hope And Love is headquartered in Covington, Louisiana and files with the IRS under EIN 721313323. It is classified under NTEE code P730.
How many years of IRS 990 filings does Fairhaven Ministry Of Faith Hope And Love have?
Fairhaven Ministry Of Faith Hope And Love 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 $228K in total revenue.
Filing History
IRS 990 filing history for Fairhaven Ministry Of Faith Hope And Love showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Fairhaven Ministry Of Faith Hope And Love's revenue has declined by 22.3%, moving from $276K to $214K. Total assets decreased by 40.7% over the same period, from $526K to $312K. Total functional expenses fell by 15.1%, from $312K to $265K. In its most recent filing year (2023), Fairhaven Ministry Of Faith Hope And Love reported a deficit of $51K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $214K | $265K | $312K | $0 | — | — |
| 2022 | $302K | $293K | $363K | $0 | — | View 990 |
| 2021 | $278K | $310K | $354K | $0 | — | View 990 |
| 2020 | $205K | $323K | $386K | $0 | — | View 990 |
| 2019 | $577K | $399K | $504K | $0 | — | View 990 |
| 2018 | $276K | $299K | $326K | $0 | — | View 990 |
| 2017 | $467K | $391K | $349K | $0 | — | View 990 |
| 2016 | $296K | $374K | $273K | $0 | — | View 990 |
| 2015 | $485K | $569K | $350K | $0 | — | View 990 |
| 2014 | $313K | $358K | $434K | $0 | — | View 990 |
| 2013 | $341K | $317K | $479K | $252 | — | View 990 |
| 2012 | $232K | $304K | $455K | $0 | — | View 990 |
| 2011 | $276K | $312K | $526K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $214K, expenses of $265K, and assets of $312K (revenue -29.1% year-over-year).
- 2022: Revenue of $302K, expenses of $293K, and assets of $363K (revenue +8.8% year-over-year).
- 2021: Revenue of $278K, expenses of $310K, and assets of $354K (revenue +35.3% year-over-year).
- 2020: Revenue of $205K, expenses of $323K, and assets of $386K (revenue -64.4% year-over-year).
- 2019: Revenue of $577K, expenses of $399K, and assets of $504K (revenue +109.2% year-over-year).
- 2018: Revenue of $276K, expenses of $299K, and assets of $326K (revenue -40.9% year-over-year).
- 2017: Revenue of $467K, expenses of $391K, and assets of $349K (revenue +57.8% year-over-year).
- 2016: Revenue of $296K, expenses of $374K, and assets of $273K (revenue -39.0% year-over-year).
- 2015: Revenue of $485K, expenses of $569K, and assets of $350K (revenue +54.8% year-over-year).
- 2014: Revenue of $313K, expenses of $358K, and assets of $434K (revenue -8.1% year-over-year).
- 2013: Revenue of $341K, expenses of $317K, and assets of $479K (revenue +46.7% year-over-year).
- 2012: Revenue of $232K, expenses of $304K, and assets of $455K (revenue -15.7% year-over-year).
- 2011: Revenue of $276K, expenses of $312K, and assets of $526K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Fairhaven Ministry Of Faith Hope And Love:
Data Sources and Methodology
This transparency report for Fairhaven Ministry Of Faith Hope And Love 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.