Living Faith Ministry Inc
Living Faith Ministry Inc consistently operates at a deficit, with assets declining by over 50% in a decade.
EIN: 200441765 · Oklahoma City, OK · NTEE: L41 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $233K |
| Total Expenses | $387K |
| Program Spending | 75% |
| Net Assets | $609K |
| Transparency Score | 55/100 |
Is Living Faith Ministry Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Living Faith Ministry Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Living Faith Ministry Inc
Living Faith Ministry Inc (EIN: 200441765) is a nonprofit organization based in Oklahoma City, OK, classified under NTEE code L41. The organization reported total revenue of $233K and total assets of $611K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Living Faith Ministry Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Living Faith Ministry Inc is a small nonprofit that has been operating for 22 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of 2.5%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $233K |
| Total Expenses | $387K |
| Surplus / Deficit | $-153,768 |
| Total Assets | $611K |
| Total Liabilities | $2K |
| Net Assets | $609K |
| Operating Margin | -66.1% |
| Debt-to-Asset Ratio | 0.3% |
| Months of Reserves | 19.0 months |
Financial Health Grade: B
In 2022, Living Faith Ministry Inc reported a deficit of $154K with expenses exceeding revenue, holds 19.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.3% (very low leverage).
Financial Trends
Over 12 years of filings (2011–2022), Living Faith Ministry Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -7.0% | +44.6% | -20.7% |
| 2021 | -17.8% | -4.4% | -3.0% |
| 2020 | +22.4% | -2.8% | +3.6% |
| 2019 | -0.9% | +13.4% | -4.4% |
| 2018 | +73.8% | +11.3% | +0.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2004 |
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 Living Faith Ministry Inc with a Mission Score of 55 out of 100 (Fair). 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: 75%
- fundraising: 10%
According to IRS 990 filings, Living Faith Ministry Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $154K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.3%.
Executive Compensation Analysis
Executive compensation is reported as 0% in all available filings, indicating that no officers or directors received compensation, which is a positive for resource allocation within an organization of this size.
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 Living Faith Ministry Inc's IRS 990 filings:
- Consistent and significant deficit spending, with expenses exceeding revenue in nearly all reported periods.
- Substantial decline in assets over the past decade, from $1,259,609 in 2013 to $611,065 in 2022.
- Latest period (2022) shows a large operating loss, with expenses ($386,569) significantly higher than revenue ($232,801).
Strengths
The following positive indicators were identified for Living Faith Ministry Inc:
- Consistent filing of IRS 990 forms, indicating transparency.
- 0% officer compensation reported across all available filings, suggesting resources are not being used for executive salaries.
Frequently Asked Questions about Living Faith Ministry Inc
Is Living Faith Ministry Inc a legitimate charity?
Living Faith Ministry Inc (EIN: 200441765) is a registered tax-exempt nonprofit based in Oklahoma. Our AI analysis gives it a Mission Score of 55/100. It has 12 years of IRS 990 filings on record. Total revenue: $233K. 3 red flags identified. 2 strengths noted. Financial health grade: B.
How does Living Faith Ministry Inc spend its money?
Living Faith Ministry Inc directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Living Faith Ministry Inc tax-deductible?
Living Faith Ministry Inc is registered as a tax-exempt nonprofit (EIN: 200441765). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Living Faith Ministry Inc's spending goes to programs?
Living Faith Ministry Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Living Faith Ministry Inc compare to similar nonprofits?
With a transparency score of 55/100 (Fair), Living Faith Ministry Inc is near average for NTEE category L41 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Living Faith Ministry Inc located?
Living Faith Ministry Inc is headquartered in Oklahoma City, Oklahoma and files with the IRS under EIN 200441765. It is classified under NTEE code L41.
How many years of IRS 990 filings does Living Faith Ministry Inc have?
Living Faith Ministry 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 $233K in total revenue.
Is Living Faith Ministry Inc financially sustainable?
Based on the provided data, Living Faith Ministry Inc's financial sustainability is a significant concern. The organization has consistently spent more than it earned for many years, leading to a substantial decline in assets from $1,259,609 in 2013 to $611,065 in 2022. This trend of deficit spending, with expenses of $386,569 against revenue of $232,801 in the latest period, suggests an unsustainable financial model without significant changes.
Why are Living Faith Ministry Inc's assets decreasing?
Living Faith Ministry Inc's assets are decreasing primarily because the organization has consistently incurred more expenses than it has generated in revenue. For example, in 2022, expenses were $386,569 while revenue was only $232,801, resulting in a net loss that draws down the organization's reserves and assets. This pattern is evident across most of the reported periods.
What is the organization's strategy to address its recurring deficits?
The provided IRS 990 data does not detail the organization's strategies to address its recurring deficits. However, the consistent pattern of expenses exceeding revenue indicates that such a strategy is critically needed to ensure long-term viability and prevent further asset depletion.
Filing History
IRS 990 filing history for Living Faith Ministry Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Living Faith Ministry Inc's revenue has grown by 31%, moving from $178K to $233K. Total assets decreased by 51.7% over the same period, from $1.3M to $611K. Total functional expenses rose by 57.1%, from $246K to $387K. In its most recent filing year (2022), Living Faith Ministry Inc reported a deficit of $154K, with expenses exceeding revenue. The organization holds $2K in liabilities against $611K in assets (debt-to-asset ratio: 0.3%), resulting in net assets of $609K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $233K | $387K | $611K | $2K | — | View 990 |
| 2021 | $250K | $267K | $771K | $8K | — | View 990 |
| 2020 | $304K | $280K | $795K | $14K | — | — |
| 2019 | $249K | $288K | $767K | $11K | — | View 990 |
| 2018 | $251K | $254K | $802K | $8K | — | View 990 |
| 2017 | $144K | $228K | $799K | $1K | — | View 990 |
| 2016 | $128K | $257K | $883K | $3K | — | View 990 |
| 2015 | $141K | $292K | $1.0M | $3K | — | View 990 |
| 2014 | $181K | $270K | $1.2M | $8K | — | View 990 |
| 2013 | $152K | $256K | $1.3M | $10K | — | View 990 |
| 2012 | $335K | $241K | $1.4M | $5K | — | View 990 |
| 2011 | $178K | $246K | $1.3M | $5K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $233K, expenses of $387K, and assets of $611K (revenue -7.0% year-over-year).
- 2021: Revenue of $250K, expenses of $267K, and assets of $771K (revenue -17.8% year-over-year).
- 2020: Revenue of $304K, expenses of $280K, and assets of $795K (revenue +22.4% year-over-year).
- 2019: Revenue of $249K, expenses of $288K, and assets of $767K (revenue -0.9% year-over-year).
- 2018: Revenue of $251K, expenses of $254K, and assets of $802K (revenue +73.8% year-over-year).
- 2017: Revenue of $144K, expenses of $228K, and assets of $799K (revenue +13.2% year-over-year).
- 2016: Revenue of $128K, expenses of $257K, and assets of $883K (revenue -9.7% year-over-year).
- 2015: Revenue of $141K, expenses of $292K, and assets of $1.0M (revenue -22.1% year-over-year).
- 2014: Revenue of $181K, expenses of $270K, and assets of $1.2M (revenue +19.5% year-over-year).
- 2013: Revenue of $152K, expenses of $256K, and assets of $1.3M (revenue -54.6% year-over-year).
- 2012: Revenue of $335K, expenses of $241K, and assets of $1.4M (revenue +88.3% year-over-year).
- 2011: Revenue of $178K, expenses of $246K, and assets of $1.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Living Faith Ministry Inc:
Data Sources and Methodology
This transparency report for Living Faith Ministry 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.