Lifetouch Ministries Inc

Lifetouch Ministries Inc shows stable finances with no officer compensation and growing assets.

EIN: 202747712 · Winona Lake, IN · NTEE: X21 · Updated: 2026-03-28

$427KRevenue

$79KAssets

85/100Mission Score (Excellent)

X21

About Lifetouch Ministries Inc

Lifetouch Ministries Inc (EIN: 202747712) is a nonprofit organization based in Winona Lake, IN, classified under NTEE code X21. The organization reported total revenue of $427K and total assets of $79K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lifetouch Ministries Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Lifetouch Ministries Inc demonstrates consistent financial activity, with revenues fluctuating around the $400,000 mark in recent years, reaching $422,204 in 2023. The organization generally operates with a lean financial profile, as evidenced by its relatively low asset base of $101,536 in 2023 compared to its annual revenue. While the provided data does not detail the specific breakdown of program, administrative, and fundraising expenses, the consistent reporting of expenses relative to revenue suggests a stable operational model. The organization's consistent reporting of 0% officer compensation across all available filings indicates a commitment to minimizing overhead in this area, which is a positive sign for donor confidence. However, without a detailed functional expense breakdown, it is challenging to fully assess spending efficiency beyond the lack of executive compensation.

The organization's financial health appears stable, with a positive net income in 2023 ($422,204 revenue vs. $365,799 expenses) and a growing asset base from $14,678 in 2021 to $101,536 in 2023. This trend suggests improved financial management and accumulation of reserves. The low liabilities, such as $4,733 in 2023, further indicate a healthy balance sheet. Transparency is generally good through its consistent IRS 990 filings, but a more detailed breakdown of expenses would enhance understanding of its operational efficiency and program focus.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Lifetouch Ministries Inc 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, Lifetouch Ministries Inc 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

Lifetouch Ministries Inc consistently reports 0% officer compensation across all available filings, indicating that no salaries or benefits are paid to its officers. This suggests a volunteer-led or extremely lean leadership structure, which can be a significant strength for a nonprofit of its size, allowing more funds to be directed towards its mission.

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.

Strengths

The following positive indicators were identified for Lifetouch Ministries Inc:

Consistent reporting of 0% officer compensation, indicating efficient use of funds for leadership.
Positive net income in recent years, such as $56,405 in 2023 ($422,204 revenue - $365,799 expenses).
Significant growth in assets from $14,678 in 2021 to $101,536 in 2023, improving financial reserves.
Low liabilities, with $4,733 in 2023, suggesting good financial management and minimal debt.
Stable revenue generation, consistently around $400,000 in recent periods.

Frequently Asked Questions about Lifetouch Ministries Inc

Is Lifetouch Ministries Inc financially stable?

Yes, the organization appears financially stable. In 2023, it reported revenues of $422,204 against expenses of $365,799, resulting in a surplus. Its assets have also grown significantly from $14,678 in 2021 to $101,536 in 2023, while liabilities remain low at $4,733 in 2023.

Does Lifetouch Ministries Inc pay its executives?

No, based on the provided IRS 990 data, Lifetouch Ministries Inc consistently reports 0% officer compensation across all available filing periods, including the latest in 2023.

How has Lifetouch Ministries Inc's asset base changed over time?

Lifetouch Ministries Inc's asset base has shown significant growth in recent years, increasing from $14,678 in 2021 to $56,830 in 2022, and further to $101,536 in 2023. This indicates a positive trend in accumulating financial resources.

Filing History

IRS 990 filing history for Lifetouch Ministries Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Lifetouch Ministries Inc's revenue has grown by 181.7%, moving from $150K to $422K. Total assets increased by 786.9% over the same period, from $11K to $102K. Total functional expenses rose by 110.6%, from $174K to $366K. In its most recent filing year (2023), Lifetouch Ministries Inc reported a surplus of $56K, with revenue exceeding expenses. The organization holds $5K in liabilities against $102K in assets (debt-to-asset ratio: 4.7%), resulting in net assets of $97K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$422K	$366K	$102K	$5K	—	—
2022	$460K	$409K	$57K	$16K	—	View 990
2021	$414K	$464K	$15K	$25K	—	View 990
2020	$431K	$460K	$42K	$2K	—	View 990
2019	$339K	$307K	$53K	$4K	—	View 990
2018	$243K	$236K	$19K	$2K	—	View 990
2017	$215K	$216K	$15K	$5K	—	View 990
2016	$189K	$188K	$15K	$3K	—	View 990
2015	$178K	$181K	$17K	$7K	—	View 990
2014	$191K	$210K	$17K	$3K	—	View 990
2013	$218K	$197K	$36K	$3K	—	View 990
2012	$167K	$163K	$18K	$6K	—	View 990
2011	$150K	$174K	$11K	$3K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $422K, expenses of $366K, and assets of $102K (revenue -8.1% year-over-year).
2022: Revenue of $460K, expenses of $409K, and assets of $57K (revenue +11.0% year-over-year).
2021: Revenue of $414K, expenses of $464K, and assets of $15K (revenue -4.0% year-over-year).
2020: Revenue of $431K, expenses of $460K, and assets of $42K (revenue +27.4% year-over-year).
2019: Revenue of $339K, expenses of $307K, and assets of $53K (revenue +39.5% year-over-year).
2018: Revenue of $243K, expenses of $236K, and assets of $19K (revenue +13.1% year-over-year).
2017: Revenue of $215K, expenses of $216K, and assets of $15K (revenue +13.7% year-over-year).
2016: Revenue of $189K, expenses of $188K, and assets of $15K (revenue +6.3% year-over-year).
2015: Revenue of $178K, expenses of $181K, and assets of $17K (revenue -6.8% year-over-year).
2014: Revenue of $191K, expenses of $210K, and assets of $17K (revenue -12.6% year-over-year).
2013: Revenue of $218K, expenses of $197K, and assets of $36K (revenue +30.8% year-over-year).
2012: Revenue of $167K, expenses of $163K, and assets of $18K (revenue +11.3% year-over-year).
2011: Revenue of $150K, expenses of $174K, and assets of $11K.

Data Sources and Methodology

This transparency report for Lifetouch 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.