Living Free Ministries Inc
EIN: 263337535 · Snow Camp, NC · NTEE: F20
Is Living Free Ministries Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Living Free Ministries Inc
Living Free Ministries Inc (EIN: 263337535) is a nonprofit organization based in Snow Camp, NC, classified under NTEE code F20. The organization reported total revenue of $2.9M and total assets of $3.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Living Free Ministries Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Living Free Ministries Inc is a mid-size nonprofit that has been operating for 17 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 21.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.5M |
| Total Expenses | $2.5M |
| Surplus / Deficit | $-8,876 |
| Total Assets | $3.1M |
| Total Liabilities | $695K |
| Net Assets | $2.4M |
| Operating Margin | -0.4% |
| Debt-to-Asset Ratio | 22.7% |
| Months of Reserves | 14.4 months |
Financial Health Grade: B
In 2023, Living Free Ministries Inc reported a deficit of $9K with expenses exceeding revenue, holds 14.4 months of operating reserves (strong position), has a debt-to-asset ratio of 22.7% (moderate leverage).
Financial Trends
Over 14 years of filings (2010–2023), Living Free Ministries Inc's revenue has grown at a compound annual growth rate (CAGR) of 21.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -1.2% | +24.4% | -2.6% |
| 2022 | +16.0% | +24.5% | +14.3% |
| 2021 | +55.8% | +19.6% | +10.9% |
| 2020 | -24.7% | -21.5% | +5.2% |
| 2019 | +36.5% | +67.1% | +28.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2009 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Living Free Ministries 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 Living Free Ministries 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 $9K, with expenses exceeding revenue.
- Debt-to-asset ratio: 22.7%.
Frequently Asked Questions about Living Free Ministries Inc
Is Living Free Ministries Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Living Free Ministries Inc (EIN: 263337535) insufficient data. 0 red flags identified, 0 strengths noted.
How does Living Free Ministries Inc spend its money?
Detailed spending breakdown data is not yet available for Living Free Ministries Inc. Check back for updated IRS 990 analysis.
Are donations to Living Free Ministries Inc tax-deductible?
Living Free Ministries Inc is registered as a tax-exempt nonprofit (EIN: 263337535). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Living Free Ministries Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Living Free Ministries Inc's revenue has grown by 1110.6%, moving from $209K to $2.5M. Total assets increased by 570% over the same period, from $456K to $3.1M. Total functional expenses rose by 1287%, from $183K to $2.5M. In its most recent filing year (2023), Living Free Ministries Inc reported a deficit of $9K, with expenses exceeding revenue. The organization holds $695K in liabilities against $3.1M in assets (debt-to-asset ratio: 22.7%), resulting in net assets of $2.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.5M | $2.5M | $3.1M | $695K | — | — |
| 2022 | $2.6M | $2.0M | $3.1M | $766K | — | View 990 |
| 2021 | $2.2M | $1.6M | $2.7M | $893K | — | View 990 |
| 2020 | $1.4M | $1.4M | $2.5M | $1.2M | — | View 990 |
| 2019 | $1.9M | $1.8M | $2.4M | $1.1M | — | View 990 |
| 2018 | $1.4M | $1.0M | $1.8M | $732K | — | View 990 |
| 2017 | $978K | $824K | $1.6M | $827K | — | View 990 |
| 2016 | $844K | $718K | $1.4M | $810K | — | View 990 |
| 2015 | $752K | $664K | $1.4M | $869K | — | View 990 |
| 2014 | $532K | $416K | $889K | $491K | — | View 990 |
| 2013 | $528K | $321K | $813K | $531K | — | View 990 |
| 2012 | $307K | $315K | $479K | $380K | — | View 990 |
| 2011 | $319K | $275K | $476K | $369K | — | View 990 |
| 2010 | $209K | $183K | $456K | $393K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.5M, expenses of $2.5M, and assets of $3.1M (revenue -1.2% year-over-year).
- 2022: Revenue of $2.6M, expenses of $2.0M, and assets of $3.1M (revenue +16.0% year-over-year).
- 2021: Revenue of $2.2M, expenses of $1.6M, and assets of $2.7M (revenue +55.8% year-over-year).
- 2020: Revenue of $1.4M, expenses of $1.4M, and assets of $2.5M (revenue -24.7% year-over-year).
- 2019: Revenue of $1.9M, expenses of $1.8M, and assets of $2.4M (revenue +36.5% year-over-year).
- 2018: Revenue of $1.4M, expenses of $1.0M, and assets of $1.8M (revenue +41.3% year-over-year).
- 2017: Revenue of $978K, expenses of $824K, and assets of $1.6M (revenue +15.8% year-over-year).
- 2016: Revenue of $844K, expenses of $718K, and assets of $1.4M (revenue +12.3% year-over-year).
- 2015: Revenue of $752K, expenses of $664K, and assets of $1.4M (revenue +41.3% year-over-year).
- 2014: Revenue of $532K, expenses of $416K, and assets of $889K (revenue +0.8% year-over-year).
- 2013: Revenue of $528K, expenses of $321K, and assets of $813K (revenue +71.9% year-over-year).
- 2012: Revenue of $307K, expenses of $315K, and assets of $479K (revenue -3.7% year-over-year).
- 2011: Revenue of $319K, expenses of $275K, and assets of $476K (revenue +52.3% year-over-year).
- 2010: Revenue of $209K, expenses of $183K, and assets of $456K.
Data Sources and Methodology
This transparency report for Living Free 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.