Life Literature Inc
EIN: 454924135 · Woodleaf, NC · NTEE: X83
| Metric | Value |
|---|---|
| Total Revenue | $392K |
| Total Expenses | $142K |
| Net Assets | $1.3M |
Is Life Literature Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Life Literature Inc
Life Literature Inc (EIN: 454924135) is a nonprofit organization based in Woodleaf, NC, classified under NTEE code X83. The organization reported total revenue of $392K and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Life Literature Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Life Literature Inc is a small nonprofit that has been operating for 13 years, with 11 years of IRS 990 filings on record (2013–2023). Revenue has grown at a compound annual rate of -13.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $119K |
| Total Expenses | $142K |
| Surplus / Deficit | $-22,806 |
| Total Assets | $1.3M |
| Net Assets | $1.3M |
| Operating Margin | -19.2% |
| Months of Reserves | 112.6 months |
Financial Health Grade: B
In 2023, Life Literature Inc reported a deficit of $23K with expenses exceeding revenue, holds 112.6 months of operating reserves (strong position).
Financial Trends
Over 11 years of filings (2013–2023), Life Literature Inc's revenue has declined at a compound annual growth rate (CAGR) of -13.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -51.8% | -7.3% | -1.7% |
| 2022 | +10.3% | +66.9% | +7.4% |
| 2021 | -33.0% | +52.1% | -2.4% |
| 2020 | +183.6% | -15.4% | +27.0% |
| 2019 | -59.2% | +1.7% | +0.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1700 |
| IRS Ruling Date | 2013 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Life Literature Inc 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 Life Literature Inc 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 $23K, with expenses exceeding revenue.
Frequently Asked Questions about Life Literature Inc
Is Life Literature Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Life Literature Inc (EIN: 454924135) insufficient data. 0 red flags identified, 0 strengths noted.
How does Life Literature Inc spend its money?
Detailed spending breakdown data is not yet available for Life Literature Inc. Check back for updated IRS 990 analysis.
Are donations to Life Literature Inc tax-deductible?
Life Literature Inc is registered as a tax-exempt nonprofit (EIN: 454924135). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Life Literature Inc located?
Life Literature Inc is headquartered in Woodleaf, North Carolina and files with the IRS under EIN 454924135. It is classified under NTEE code X83.
How many years of IRS 990 filings does Life Literature Inc have?
Life Literature Inc has 11 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 $392K in total revenue.
Filing History
IRS 990 filing history for Life Literature Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2013–2023), Life Literature Inc's revenue has declined by 76.7%, moving from $512K to $119K. Total assets increased by 184.2% over the same period, from $468K to $1.3M. Total functional expenses rose by 207.3%, from $46K to $142K. In its most recent filing year (2023), Life Literature Inc reported a deficit of $23K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $119K | $142K | $1.3M | $0 | — | — |
| 2022 | $247K | $153K | $1.4M | $31 | — | — |
| 2021 | $224K | $92K | $1.3M | $31 | — | — |
| 2020 | $334K | $60K | $1.3M | $152K | — | — |
| 2019 | $118K | $71K | $1.0M | $151K | — | View 990 |
| 2018 | $289K | $70K | $1.0M | $191K | — | View 990 |
| 2017 | $0 | $0 | $0 | $0 | — | View 990 |
| 2016 | $75K | $56K | $478K | $6K | — | View 990 |
| 2015 | $82K | $62K | $472K | $19K | — | View 990 |
| 2014 | $26K | $59K | $432K | $86 | — | View 990 |
| 2013 | $512K | $46K | $468K | $3K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $119K, expenses of $142K, and assets of $1.3M (revenue -51.8% year-over-year).
- 2022: Revenue of $247K, expenses of $153K, and assets of $1.4M (revenue +10.3% year-over-year).
- 2021: Revenue of $224K, expenses of $92K, and assets of $1.3M (revenue -33.0% year-over-year).
- 2020: Revenue of $334K, expenses of $60K, and assets of $1.3M (revenue +183.6% year-over-year).
- 2019: Revenue of $118K, expenses of $71K, and assets of $1.0M (revenue -59.2% year-over-year).
- 2018: Revenue of $289K, expenses of $70K, and assets of $1.0M.
- 2017: Revenue of $0, expenses of $0, and assets of $0 (revenue -100.0% year-over-year).
- 2016: Revenue of $75K, expenses of $56K, and assets of $478K (revenue -8.5% year-over-year).
- 2015: Revenue of $82K, expenses of $62K, and assets of $472K (revenue +219.7% year-over-year).
- 2014: Revenue of $26K, expenses of $59K, and assets of $432K (revenue -95.0% year-over-year).
- 2013: Revenue of $512K, expenses of $46K, and assets of $468K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Life Literature Inc:
Data Sources and Methodology
This transparency report for Life Literature 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.