Life In Abundance International
Life In Abundance International maintains stable revenue with recent surpluses, though asset base has declined from peak levels.
EIN: 20587875 · Louisville, KY · NTEE: X21 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.3M |
| Total Expenses | $2.8M |
| Program Spending | 85% |
| Net Assets | $1.6M |
| Transparency Score | 85/100 |
Is Life In Abundance International Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Life In Abundance International directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Life In Abundance International
Life In Abundance International (EIN: 20587875) is a nonprofit organization based in Louisville, KY, classified under NTEE code X21. The organization reported total revenue of $3.3M and total assets of $1.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Life In Abundance International's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Life In Abundance International is a mid-size nonprofit that has been operating for 24 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.3M |
| Total Expenses | $2.8M |
| Surplus / Deficit | +$453K |
| Total Assets | $2.7M |
| Total Liabilities | $1.1M |
| Net Assets | $1.6M |
| Operating Margin | 13.9% |
| Debt-to-Asset Ratio | 39.5% |
| Months of Reserves | 11.5 months |
Financial Health Grade: A
In 2023, Life In Abundance International reported a surplus of $453K with revenue exceeding expenses, holds 11.5 months of operating reserves (strong position), has a debt-to-asset ratio of 39.5% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Life In Abundance International's revenue has grown at a compound annual growth rate (CAGR) of 0.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +5.5% | -9.3% | +14.6% |
| 2022 | +54.6% | -0.8% | -4.7% |
| 2021 | -41.9% | +3.4% | -33.6% |
| 2020 | +94.4% | +6.0% | -44.6% |
| 2019 | -38.7% | +0.8% | -13.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2002 |
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 Life In Abundance International 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, Life In Abundance International 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 $453K, with revenue exceeding expenses.
- Debt-to-asset ratio: 39.5%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization, which is highly unusual for an organization of this size and suggests either volunteer leadership or compensation being covered by another entity.
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 Life In Abundance International's IRS 990 filings:
- Significant fluctuation and decline in assets from 2018 to 2023 without clear explanation in summary data.
- Periods of substantial deficit spending, particularly in 2021 where expenses exceeded revenue by over $1.1 million.
Strengths
The following positive indicators were identified for Life In Abundance International:
- Consistent reporting of 0% officer compensation, indicating high efficiency in directing funds.
- Healthy revenue generation, consistently around $3 million in recent years.
- Positive net income in the most recent filing (2023), with revenue exceeding expenses by over $450,000.
- Maintains a substantial asset base ($2,700,103 in 2023) to support operations.
Frequently Asked Questions about Life In Abundance International
Is Life In Abundance International a legitimate charity?
Based on AI analysis of IRS 990 filings, Life In Abundance International (EIN: 20587875) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Life In Abundance International spend its money?
Life In Abundance International directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Life In Abundance International tax-deductible?
Life In Abundance International is registered as a tax-exempt nonprofit (EIN: 20587875). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Life In Abundance International's spending goes to programs?
Life In Abundance International directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Life In Abundance International compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Life In Abundance International is above average for NTEE category X21 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Life In Abundance International located?
Life In Abundance International is headquartered in Louisville, Kentucky and files with the IRS under EIN 20587875. It is classified under NTEE code X21.
How many years of IRS 990 filings does Life In Abundance International have?
Life In Abundance International 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 $3.3M in total revenue.
Is Life In Abundance International a good charity?
Based on the available data, Life In Abundance International appears to be a good charity, particularly due to its consistent reporting of 0% officer compensation, suggesting a strong focus on program delivery. While there have been periods of deficit spending, recent years show a return to surplus, and the organization maintains a significant asset base.
Why did assets decrease significantly from 2018 to 2023?
The organization's assets decreased from $7,737,322 in 2018 to $2,700,103 in 2023. This significant reduction could be due to various factors such as asset sales, investments in programs not reflected as assets, or depreciation, and would warrant further investigation into their financial statements.
What caused the deficit spending in 2021 and 2022?
In 2021, expenses ($3,126,577) significantly exceeded revenue ($2,001,170), resulting in a deficit of over $1.1 million. A smaller deficit occurred in 2022. This could be due to increased program activities, unexpected operational costs, or a temporary dip in donations, and would require a deeper dive into their detailed expense reports.
Filing History
IRS 990 filing history for Life In Abundance International showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Life In Abundance International's revenue has grown by 8.9%, moving from $3.0M to $3.3M. Total assets increased by 82.2% over the same period, from $1.5M to $2.7M. Total functional expenses rose by 26.3%, from $2.2M to $2.8M. In its most recent filing year (2023), Life In Abundance International reported a surplus of $453K, with revenue exceeding expenses. The organization holds $1.1M in liabilities against $2.7M in assets (debt-to-asset ratio: 39.5%), resulting in net assets of $1.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.3M | $2.8M | $2.7M | $1.1M | — | — |
| 2022 | $3.1M | $3.1M | $2.4M | $1.1M | — | View 990 |
| 2021 | $2.0M | $3.1M | $2.5M | $1.1M | — | View 990 |
| 2020 | $3.4M | $3.0M | $3.7M | $1.2M | — | View 990 |
| 2019 | $1.8M | $2.9M | $6.7M | $1.1M | — | View 990 |
| 2018 | $2.9M | $2.8M | $7.7M | $1.1M | — | View 990 |
| 2017 | $3.5M | $2.8M | $6.6M | $10K | — | — |
| 2016 | $2.6M | $2.4M | $5.9M | $23K | — | View 990 |
| 2015 | $3.5M | $2.4M | $5.8M | $111K | — | View 990 |
| 2014 | $4.0M | $2.8M | $4.7M | $130K | — | View 990 |
| 2013 | $3.0M | $3.3M | $3.5M | $46K | — | View 990 |
| 2012 | $5.1M | $2.8M | $3.7M | $11K | — | View 990 |
| 2011 | $3.0M | $2.2M | $1.5M | $56K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.3M, expenses of $2.8M, and assets of $2.7M (revenue +5.5% year-over-year).
- 2022: Revenue of $3.1M, expenses of $3.1M, and assets of $2.4M (revenue +54.6% year-over-year).
- 2021: Revenue of $2.0M, expenses of $3.1M, and assets of $2.5M (revenue -41.9% year-over-year).
- 2020: Revenue of $3.4M, expenses of $3.0M, and assets of $3.7M (revenue +94.4% year-over-year).
- 2019: Revenue of $1.8M, expenses of $2.9M, and assets of $6.7M (revenue -38.7% year-over-year).
- 2018: Revenue of $2.9M, expenses of $2.8M, and assets of $7.7M (revenue -16.6% year-over-year).
- 2017: Revenue of $3.5M, expenses of $2.8M, and assets of $6.6M (revenue +35.3% year-over-year).
- 2016: Revenue of $2.6M, expenses of $2.4M, and assets of $5.9M (revenue -26.2% year-over-year).
- 2015: Revenue of $3.5M, expenses of $2.4M, and assets of $5.8M (revenue -12.6% year-over-year).
- 2014: Revenue of $4.0M, expenses of $2.8M, and assets of $4.7M (revenue +34.2% year-over-year).
- 2013: Revenue of $3.0M, expenses of $3.3M, and assets of $3.5M (revenue -42.1% year-over-year).
- 2012: Revenue of $5.1M, expenses of $2.8M, and assets of $3.7M (revenue +70.2% year-over-year).
- 2011: Revenue of $3.0M, expenses of $2.2M, and assets of $1.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Life In Abundance International:
Data Sources and Methodology
This transparency report for Life In Abundance International 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.