His Perfect Love Ministries

His Perfect Love Ministries shows consistent revenue growth and strong asset accumulation with no reported officer compensation.

EIN: 205515015 · Monroe, NC · NTEE: I40 · Updated: 2026-03-28

$631KRevenue

$948KAssets

90/100Mission Score (Excellent)

I40

About His Perfect Love Ministries

His Perfect Love Ministries (EIN: 205515015) is a nonprofit organization based in Monroe, NC, classified under NTEE code I40. The organization reported total revenue of $631K and total assets of $948K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of His Perfect Love Ministries's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

His Perfect Love Ministries demonstrates strong financial health and growth, with revenue increasing from $122,376 in 2017 to $588,582 in 2023. The organization consistently operates with a surplus, as evidenced by expenses being significantly lower than revenue in most recent years (e.g., $444,471 expenses vs. $588,582 revenue in 2023). This has led to a substantial increase in assets, growing from $56,874 in 2017 to $711,512 in 2023, indicating effective asset management and financial stability. The organization's liabilities remain relatively low compared to its assets, further reinforcing its sound financial position.

Spending efficiency appears to be a strength, particularly given the consistent growth in assets and the absence of reported officer compensation across all filings, suggesting resources are directed towards programs and operational needs rather than executive salaries. While a detailed functional expense breakdown is not provided in the summary data, the overall financial trajectory indicates responsible stewardship of funds. The consistent filing of IRS Form 990s over seven years demonstrates a commitment to transparency, allowing public scrutiny of its financial activities.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates His Perfect Love Ministries with a Mission Score of 90 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, His Perfect Love Ministries 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.

Executive Compensation Analysis

His Perfect Love Ministries reports 0% officer compensation across all seven available filings, indicating that no salaries or other compensation are paid to its officers, which is highly unusual for an organization of its size and growth.

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 His Perfect Love Ministries's IRS 990 filings:

Lack of detailed functional expense breakdown (program, admin, fundraising) in provided data makes precise efficiency analysis challenging.
Absence of officer compensation for an organization of this size and growth could indicate volunteer leadership or compensation being reported in other categories, warranting further investigation.

Strengths

The following positive indicators were identified for His Perfect Love Ministries:

Consistent and significant revenue growth from $122,376 in 2017 to $588,582 in 2023.
Strong asset accumulation, growing from $56,874 in 2017 to $711,512 in 2023.
Consistently operates with a surplus, with expenses generally well below revenue (e.g., $444,471 expenses vs. $588,582 revenue in 2023).
No reported officer compensation across all seven filings, suggesting high dedication of funds to mission.
Low liabilities relative to assets, indicating strong financial stability.

Frequently Asked Questions about His Perfect Love Ministries

Is His Perfect Love Ministries a good charity?

Based on the provided financial data, His Perfect Love Ministries appears to be a financially healthy and well-managed charity. It demonstrates consistent revenue growth, strong asset accumulation, and a notable absence of reported officer compensation, suggesting a high dedication of funds to its mission.

How has His Perfect Love Ministries' revenue grown over time?

His Perfect Love Ministries has experienced significant revenue growth, increasing from $122,376 in 2017 to $588,582 in 2023, representing an almost five-fold increase over six years.

What is the organization's asset growth trend?

The organization's assets have grown substantially, from $56,874 in 2017 to $711,512 in 2023, indicating strong financial accumulation and stability.

Does His Perfect Love Ministries pay its officers?

According to all available IRS 990 filings from 2017 to 2023, His Perfect Love Ministries reports 0% officer compensation, meaning no salaries or other compensation were paid to its officers during these periods.

Filing History

IRS 990 filing history for His Perfect Love Ministries showing financial trends over 7 years of public records:

Over 7 years of IRS 990 filings (2017–2023), His Perfect Love Ministries's revenue has grown by 381%, moving from $122K to $589K. Total assets increased by 1151% over the same period, from $57K to $712K. Total functional expenses rose by 376%, from $93K to $444K. In its most recent filing year (2023), His Perfect Love Ministries reported a surplus of $144K, with revenue exceeding expenses. The organization holds $148K in liabilities against $712K in assets (debt-to-asset ratio: 20.8%), resulting in net assets of $563K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$589K	$444K	$712K	$148K	—	—
2022	$567K	$346K	$420K	$573	—	—
2021	$409K	$323K	$200K	$2K	—	View 990
2020	$243K	$211K	$115K	$2K	—	—
2019	$180K	$157K	$83K	$3K	—	View 990
2018	$125K	$122K	$58K	$1K	—	View 990
2017	$122K	$93K	$57K	$2K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $589K, expenses of $444K, and assets of $712K (revenue +3.9% year-over-year).
2022: Revenue of $567K, expenses of $346K, and assets of $420K (revenue +38.4% year-over-year).
2021: Revenue of $409K, expenses of $323K, and assets of $200K (revenue +68.3% year-over-year).
2020: Revenue of $243K, expenses of $211K, and assets of $115K (revenue +34.9% year-over-year).
2019: Revenue of $180K, expenses of $157K, and assets of $83K (revenue +44.7% year-over-year).
2018: Revenue of $125K, expenses of $122K, and assets of $58K (revenue +1.8% year-over-year).
2017: Revenue of $122K, expenses of $93K, and assets of $57K.

Data Sources and Methodology

This transparency report for His Perfect Love 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.