Liferesource Ministries Inc
Liferesource Ministries Inc. faces recurring deficits and declining assets despite volunteer leadership.
EIN: 201613651 · Gardnerville, NV · NTEE: X83 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $36K |
| Total Expenses | $48K |
| Program Spending | 80% |
| Net Assets | $10K |
| Transparency Score | 65/100 |
Is Liferesource Ministries Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Liferesource Ministries Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Liferesource Ministries Inc
Liferesource Ministries Inc (EIN: 201613651) is a nonprofit organization based in Gardnerville, NV, classified under NTEE code X83. The organization reported total revenue of $36K and total assets of $5K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Liferesource Ministries Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Liferesource Ministries Inc is a micro nonprofit that has been operating for 21 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -3.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $41K |
| Total Expenses | $48K |
| Surplus / Deficit | $-7,836 |
| Total Assets | $10K |
| Total Liabilities | $385 |
| Net Assets | $10K |
| Operating Margin | -19.3% |
| Debt-to-Asset Ratio | 3.8% |
| Months of Reserves | 2.5 months |
Financial Health Grade: C
In 2023, Liferesource Ministries Inc reported a deficit of $8K with expenses exceeding revenue, holds 2.5 months of operating reserves (limited), has a debt-to-asset ratio of 3.8% (very low leverage).
Financial Trends
Over 12 years of filings (2011–2023), Liferesource Ministries Inc's revenue has declined at a compound annual growth rate (CAGR) of -3.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -18.1% | -24.1% | -44.0% |
| 2022 | -12.8% | +27.9% | -44.1% |
| 2021 | +11.5% | -19.5% | +24.3% |
| 2020 | -0.5% | +45.9% | -30.2% |
| 2019 | +41.3% | -4.3% | +52.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7200 |
| IRS Ruling Date | 2005 |
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 Liferesource Ministries Inc with a Mission Score of 65 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Liferesource Ministries Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 deficit of $8K, with expenses exceeding revenue.
- Debt-to-asset ratio: 3.8%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that the organization's leadership is entirely volunteer-based, which is highly commendable for a small nonprofit.
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 Liferesource Ministries Inc's IRS 990 filings:
- Recurring operational deficits (e.g., 2023: $40,592 revenue vs. $48,428 expenses)
- Significant decline in assets over recent years (from $36,840 in 2019 to $10,008 in 2023)
Strengths
The following positive indicators were identified for Liferesource Ministries Inc:
- Consistent reporting of 0% officer compensation, indicating volunteer leadership
- Regular filing of IRS Form 990s, demonstrating transparency
Frequently Asked Questions about Liferesource Ministries Inc
Is Liferesource Ministries Inc a legitimate charity?
Liferesource Ministries Inc (EIN: 201613651) is a registered tax-exempt nonprofit based in Nevada. Our AI analysis gives it a Mission Score of 65/100. It has 12 years of IRS 990 filings on record. Total revenue: $36K. 2 red flags identified. 2 strengths noted. Financial health grade: C.
How does Liferesource Ministries Inc spend its money?
Liferesource Ministries Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Liferesource Ministries Inc tax-deductible?
Liferesource Ministries Inc is registered as a tax-exempt nonprofit (EIN: 201613651). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Liferesource Ministries Inc's spending goes to programs?
Liferesource Ministries Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Liferesource Ministries Inc compare to similar nonprofits?
With a transparency score of 65/100 (Good), Liferesource Ministries Inc is above average for NTEE category X83 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Liferesource Ministries Inc located?
Liferesource Ministries Inc is headquartered in Gardnerville, Nevada and files with the IRS under EIN 201613651. It is classified under NTEE code X83.
How many years of IRS 990 filings does Liferesource Ministries Inc have?
Liferesource Ministries Inc has 12 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 $36K in total revenue.
Is Liferesource Ministries Inc. financially stable?
Based on the provided data, Liferesource Ministries Inc. shows signs of financial instability, with expenses exceeding revenue in multiple recent years (2023, 2022, 2020) and a significant decline in assets from $36,840 in 2019 to $10,008 in 2023.
How does the organization fund its operations?
The organization primarily relies on revenue, which has fluctuated over the years. Given the recurring deficits, it appears they have been drawing down on their asset reserves to cover operational costs in recent periods.
What is the trend in the organization's assets?
The organization's assets have shown a concerning downward trend, decreasing from a high of $36,840 in 2019 to $10,008 in 2023, indicating a depletion of financial reserves.
Filing History
IRS 990 filing history for Liferesource Ministries Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Liferesource Ministries Inc's revenue has declined by 33.5%, moving from $61K to $41K. Total assets decreased by 71% over the same period, from $35K to $10K. Total functional expenses fell by 21.2%, from $61K to $48K. In its most recent filing year (2023), Liferesource Ministries Inc reported a deficit of $8K, with expenses exceeding revenue. The organization holds $385 in liabilities against $10K in assets (debt-to-asset ratio: 3.8%), resulting in net assets of $10K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $41K | $48K | $10K | $385 | — | — |
| 2022 | $50K | $64K | $18K | $408 | — | View 990 |
| 2021 | $57K | $50K | $32K | $278 | — | View 990 |
| 2020 | $51K | $62K | $26K | $1K | — | — |
| 2019 | $51K | $42K | $37K | $1K | — | View 990 |
| 2017 | $36K | $44K | $24K | $1K | — | View 990 |
| 2016 | $50K | $43K | $32K | $865 | — | View 990 |
| 2015 | $59K | $63K | $25K | $790 | — | View 990 |
| 2014 | $58K | $63K | $30K | $2K | — | View 990 |
| 2013 | $67K | $59K | $35K | $2K | — | View 990 |
| 2012 | $49K | $56K | $27K | $2K | — | View 990 |
| 2011 | $61K | $61K | $35K | $3K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $41K, expenses of $48K, and assets of $10K (revenue -18.1% year-over-year).
- 2022: Revenue of $50K, expenses of $64K, and assets of $18K (revenue -12.8% year-over-year).
- 2021: Revenue of $57K, expenses of $50K, and assets of $32K (revenue +11.5% year-over-year).
- 2020: Revenue of $51K, expenses of $62K, and assets of $26K (revenue -0.5% year-over-year).
- 2019: Revenue of $51K, expenses of $42K, and assets of $37K (revenue +41.3% year-over-year).
- 2017: Revenue of $36K, expenses of $44K, and assets of $24K (revenue -28.1% year-over-year).
- 2016: Revenue of $50K, expenses of $43K, and assets of $32K (revenue -14.3% year-over-year).
- 2015: Revenue of $59K, expenses of $63K, and assets of $25K (revenue +1.5% year-over-year).
- 2014: Revenue of $58K, expenses of $63K, and assets of $30K (revenue -13.9% year-over-year).
- 2013: Revenue of $67K, expenses of $59K, and assets of $35K (revenue +36.4% year-over-year).
- 2012: Revenue of $49K, expenses of $56K, and assets of $27K (revenue -19.2% year-over-year).
- 2011: Revenue of $61K, expenses of $61K, and assets of $35K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Liferesource Ministries Inc:
Data Sources and Methodology
This transparency report for Liferesource Ministries 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.