Life In Faith Inc
Life In Faith Inc. accumulates significant assets with minimal reported expenses and no officer compensation.
EIN: 202637389 · Knoxville, TN · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $145K |
| Total Expenses | $2K |
| Program Spending | 90% |
| Net Assets | $983K |
| Transparency Score | 70/100 |
Is Life In Faith Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Life In Faith Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Life In Faith Inc
Life In Faith Inc (EIN: 202637389) is a nonprofit organization based in Knoxville, TN, classified under NTEE code T20. The organization reported total revenue of $145K and total assets of $1.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Life In Faith Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Life In Faith Inc is a small nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2011–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $33K |
| Total Expenses | $2K |
| Surplus / Deficit | +$32K |
| Total Assets | $983K |
| Total Liabilities | $1 |
| Net Assets | $983K |
| Operating Margin | 94.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 6146.1 months |
Financial Health Grade: A
In 2023, Life In Faith Inc reported a surplus of $32K with revenue exceeding expenses, holds 6146.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +133.4% | -91.7% | +3.3% |
| 2022 | -72.6% | +1331.2% | -0.9% |
| 2021 | +590.8% | -68.1% | +5.6% |
| 2020 | -76.7% | +1226.4% | +0.3% |
| 2019 | -89.3% | -99.9% | +631.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1270 |
| IRS Ruling Date | 2006 |
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 Faith Inc with a Mission Score of 70 out of 100 (Good). 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: 90%
- fundraising: 0%
According to IRS 990 filings, Life In Faith Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 $32K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating a volunteer-led organization, which is highly commendable for resource efficiency.
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 Faith Inc's IRS 990 filings:
- Very low reported expenses relative to revenue and assets, raising questions about program scale.
- Significant asset accumulation without clear corresponding program expenditure growth.
Strengths
The following positive indicators were identified for Life In Faith Inc:
- Consistent absence of officer compensation, indicating volunteer leadership.
- Strong asset growth over time, demonstrating financial stability and stewardship.
- Very low liabilities across all reported periods, indicating sound financial management.
Frequently Asked Questions about Life In Faith Inc
Is Life In Faith Inc a legitimate charity?
Life In Faith Inc (EIN: 202637389) is a registered tax-exempt nonprofit based in Tennessee. Our AI analysis gives it a Mission Score of 70/100. It has 10 years of IRS 990 filings on record. Total revenue: $145K. 2 red flags identified. 3 strengths noted. Financial health grade: A.
How does Life In Faith Inc spend its money?
Life In Faith Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Life In Faith Inc tax-deductible?
Life In Faith Inc is registered as a tax-exempt nonprofit (EIN: 202637389). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Life In Faith Inc compare to similar nonprofits?
With a transparency score of 70/100 (Good), Life In Faith Inc is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Life In Faith Inc located?
Life In Faith Inc is headquartered in Knoxville, Tennessee and files with the IRS under EIN 202637389. It is classified under NTEE code T20.
How many years of IRS 990 filings does Life In Faith Inc have?
Life In Faith Inc has 10 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 $145K in total revenue.
What are the specific programmatic activities Life In Faith Inc. undertakes given its very low reported expenses?
The filings show very low expenses (e.g., $1,920 in 2023 against $33,496 revenue), which makes it unclear how significant programmatic activities are funded or if they are primarily volunteer-driven and non-monetary.
How does Life In Faith Inc. plan to utilize its substantial and growing asset base of nearly $1 million?
With assets growing from $60,352 in 2011 to $983,382 in 2023, the organization has significant resources, but the filings do not detail specific plans for their deployment towards mission-related activities.
Is Life In Faith Inc. primarily an asset-holding entity rather than an active program delivery organization?
The pattern of high asset growth and low expenses suggests a focus on asset accumulation, which could be for future large-scale projects, but current program delivery details are not evident from the expense figures.
Filing History
IRS 990 filing history for Life In Faith Inc showing financial trends over 10 years of public records:
Total assets increased by 1529.4% over the same period, from $60K to $983K. Total functional expenses fell by 56.5%, from $4K to $2K. In its most recent filing year (2023), Life In Faith Inc reported a surplus of $32K, with revenue exceeding expenses. The organization holds $1 in liabilities against $983K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $983K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $33K | $2K | $983K | $1 | — | View 990 |
| 2022 | $14K | $23K | $952K | $1 | — | View 990 |
| 2021 | $52K | $2K | $961K | $1 | — | View 990 |
| 2020 | $8K | $5K | $910K | $1 | — | — |
| 2019 | $33K | $383 | $907K | $1 | — | View 990 |
| 2015 | $304K | $339K | $124K | $1 | — | View 990 |
| 2014 | $116K | $216K | $159K | $1 | — | View 990 |
| 2013 | $201K | $1K | $259K | $0 | — | View 990 |
| 2012 | $308 | $2K | $59K | $1 | — | View 990 |
| 2011 | $-1,549 | $4K | $60K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $33K, expenses of $2K, and assets of $983K (revenue +133.4% year-over-year).
- 2022: Revenue of $14K, expenses of $23K, and assets of $952K (revenue -72.6% year-over-year).
- 2021: Revenue of $52K, expenses of $2K, and assets of $961K (revenue +590.8% year-over-year).
- 2020: Revenue of $8K, expenses of $5K, and assets of $910K (revenue -76.7% year-over-year).
- 2019: Revenue of $33K, expenses of $383, and assets of $907K (revenue -89.3% year-over-year).
- 2015: Revenue of $304K, expenses of $339K, and assets of $124K (revenue +161.5% year-over-year).
- 2014: Revenue of $116K, expenses of $216K, and assets of $159K (revenue -42.1% year-over-year).
- 2013: Revenue of $201K, expenses of $1K, and assets of $259K (revenue +65112.3% year-over-year).
- 2012: Revenue of $308, expenses of $2K, and assets of $59K.
- 2011: Revenue of $-1,549, expenses of $4K, and assets of $60K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Life In Faith Inc:
Data Sources and Methodology
This transparency report for Life In Faith 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.