Good Life Ministries
EIN: 611758808 · Catlett, VA · NTEE: X20
| Metric | Value |
|---|---|
| Total Revenue | $2.4M |
| Total Expenses | $1.5M |
| Net Assets | $1.7M |
Is Good Life Ministries Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Good Life Ministries
Good Life Ministries (EIN: 611758808) is a nonprofit organization based in Catlett, VA, classified under NTEE code X20. The organization reported total revenue of $2.4M and total assets of $1.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Good Life Ministries's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Good Life Ministries is a mid-size nonprofit that has been operating for 6 years, with 9 years of IRS 990 filings on record (2015–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.6M |
| Total Expenses | $1.5M |
| Surplus / Deficit | +$148K |
| Total Assets | $1.7M |
| Total Liabilities | $5K |
| Net Assets | $1.7M |
| Operating Margin | 9.1% |
| Debt-to-Asset Ratio | 0.3% |
| Months of Reserves | 13.9 months |
Financial Health Grade: A
In 2023, Good Life Ministries reported a surplus of $148K with revenue exceeding expenses, holds 13.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.3% (very low leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +14.4% | +12.5% | +9.0% |
| 2022 | +2.2% | +36.2% | +7.6% |
| 2021 | -4.3% | -18.8% | +36.1% |
| 2020 | +53.1% | +47.5% | +39.7% |
| 2019 | -0.9% | +24.4% | +23.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1700 |
| IRS Ruling Date | 2020 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Good Life Ministries 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 Good Life Ministries 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 surplus of $148K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.3%.
Frequently Asked Questions about Good Life Ministries
Is Good Life Ministries a legitimate charity?
Based on AI analysis of IRS 990 filings, Good Life Ministries (EIN: 611758808) insufficient data. 0 red flags identified, 0 strengths noted.
How does Good Life Ministries spend its money?
Detailed spending breakdown data is not yet available for Good Life Ministries. Check back for updated IRS 990 analysis.
Are donations to Good Life Ministries tax-deductible?
Good Life Ministries is registered as a tax-exempt nonprofit (EIN: 611758808). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Good Life Ministries located?
Good Life Ministries is headquartered in Catlett, Virginia and files with the IRS under EIN 611758808. It is classified under NTEE code X20.
How many years of IRS 990 filings does Good Life Ministries have?
Good Life Ministries has 9 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 $2.4M in total revenue.
Filing History
IRS 990 filing history for Good Life Ministries showing financial trends over 9 years of public records:
Total assets increased by 171834000% over the same period, from $1 to $1.7M. In its most recent filing year (2023), Good Life Ministries reported a surplus of $148K, with revenue exceeding expenses. The organization holds $5K in liabilities against $1.7M in assets (debt-to-asset ratio: 0.3%), resulting in net assets of $1.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.6M | $1.5M | $1.7M | $5K | — | — |
| 2022 | $1.4M | $1.3M | $1.6M | $11K | — | View 990 |
| 2021 | $1.4M | $965K | $1.5M | $7K | — | — |
| 2020 | $1.5M | $1.2M | $1.1M | $45K | — | View 990 |
| 2019 | $950K | $806K | $770K | $4K | — | View 990 |
| 2018 | $958K | $647K | $624K | $2K | — | View 990 |
| 2017 | $686K | $443K | $314K | $3K | — | View 990 |
| 2016 | $834K | $765K | $70K | $2K | — | View 990 |
| 2015 | $0 | $0 | $1 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.6M, expenses of $1.5M, and assets of $1.7M (revenue +14.4% year-over-year).
- 2022: Revenue of $1.4M, expenses of $1.3M, and assets of $1.6M (revenue +2.2% year-over-year).
- 2021: Revenue of $1.4M, expenses of $965K, and assets of $1.5M (revenue -4.3% year-over-year).
- 2020: Revenue of $1.5M, expenses of $1.2M, and assets of $1.1M (revenue +53.1% year-over-year).
- 2019: Revenue of $950K, expenses of $806K, and assets of $770K (revenue -0.9% year-over-year).
- 2018: Revenue of $958K, expenses of $647K, and assets of $624K (revenue +39.6% year-over-year).
- 2017: Revenue of $686K, expenses of $443K, and assets of $314K (revenue -17.7% year-over-year).
- 2016: Revenue of $834K, expenses of $765K, and assets of $70K.
- 2015: Revenue of $0, expenses of $0, and assets of $1.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Good Life Ministries:
Data Sources and Methodology
This transparency report for Good Life Ministries 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.