Love Never Fails Ministries
EIN: 742584055 · Springdale, AR · NTEE: X21Z
| Metric | Value |
|---|---|
| Total Revenue | $96K |
| Total Expenses | $114K |
| Net Assets | $76K |
Is Love Never Fails Ministries Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Love Never Fails Ministries
Love Never Fails Ministries (EIN: 742584055) is a nonprofit organization based in Springdale, AR, classified under NTEE code X21Z. The organization reported total revenue of $96K and total assets of $90K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Love Never Fails Ministries's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Love Never Fails Ministries is a micro nonprofit that has been operating for 35 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -6.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $67K |
| Total Expenses | $114K |
| Surplus / Deficit | $-46,841 |
| Total Assets | $76K |
| Net Assets | $76K |
| Operating Margin | -69.7% |
| Months of Reserves | 8.0 months |
Financial Health Grade: B
In 2023, Love Never Fails Ministries reported a deficit of $47K with expenses exceeding revenue, holds 8.0 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Love Never Fails Ministries's revenue has declined at a compound annual growth rate (CAGR) of -6.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -37.6% | +19.3% | -38.1% |
| 2022 | +17.1% | +19.8% | +10.8% |
| 2021 | -0.2% | +9.9% | +12.3% |
| 2020 | +44.6% | -4.6% | +24.6% |
| 2019 | -19.5% | -32.4% | -11.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 1991 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Love Never Fails Ministries 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 Love Never Fails Ministries 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 $47K, with expenses exceeding revenue.
Frequently Asked Questions about Love Never Fails Ministries
Is Love Never Fails Ministries a legitimate charity?
Based on AI analysis of IRS 990 filings, Love Never Fails Ministries (EIN: 742584055) insufficient data. 0 red flags identified, 0 strengths noted.
How does Love Never Fails Ministries spend its money?
Detailed spending breakdown data is not yet available for Love Never Fails Ministries. Check back for updated IRS 990 analysis.
Are donations to Love Never Fails Ministries tax-deductible?
Love Never Fails Ministries is registered as a tax-exempt nonprofit (EIN: 742584055). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Love Never Fails Ministries located?
Love Never Fails Ministries is headquartered in Springdale, Arkansas and files with the IRS under EIN 742584055. It is classified under NTEE code X21Z.
How many years of IRS 990 filings does Love Never Fails Ministries have?
Love Never Fails Ministries has 13 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 $96K in total revenue.
Filing History
IRS 990 filing history for Love Never Fails Ministries showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Love Never Fails Ministries's revenue has declined by 54.6%, moving from $148K to $67K. Total assets increased by 114.5% over the same period, from $36K to $76K. Total functional expenses fell by 17.5%, from $138K to $114K. In its most recent filing year (2023), Love Never Fails Ministries reported a deficit of $47K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $67K | $114K | $76K | $0 | — | View 990 |
| 2022 | $108K | $96K | $123K | $0 | — | — |
| 2021 | $92K | $80K | $111K | $0 | — | — |
| 2020 | $92K | $73K | $99K | $0 | — | — |
| 2019 | $64K | $76K | $79K | $0 | — | View 990 |
| 2018 | $79K | $113K | $90K | $0 | — | View 990 |
| 2017 | $102K | $121K | $134K | $0 | — | View 990 |
| 2016 | $121K | $95K | $153K | $0 | — | View 990 |
| 2015 | $121K | $133K | $134K | $0 | — | View 990 |
| 2014 | $121K | $101K | $108K | $0 | — | View 990 |
| 2013 | $125K | $131K | $89K | $647 | — | View 990 |
| 2012 | $226K | $164K | $103K | $5K | — | View 990 |
| 2011 | $148K | $138K | $36K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $67K, expenses of $114K, and assets of $76K (revenue -37.6% year-over-year).
- 2022: Revenue of $108K, expenses of $96K, and assets of $123K (revenue +17.1% year-over-year).
- 2021: Revenue of $92K, expenses of $80K, and assets of $111K (revenue -0.2% year-over-year).
- 2020: Revenue of $92K, expenses of $73K, and assets of $99K (revenue +44.6% year-over-year).
- 2019: Revenue of $64K, expenses of $76K, and assets of $79K (revenue -19.5% year-over-year).
- 2018: Revenue of $79K, expenses of $113K, and assets of $90K (revenue -22.6% year-over-year).
- 2017: Revenue of $102K, expenses of $121K, and assets of $134K (revenue -15.4% year-over-year).
- 2016: Revenue of $121K, expenses of $95K, and assets of $153K (revenue -0.3% year-over-year).
- 2015: Revenue of $121K, expenses of $133K, and assets of $134K (revenue +0.2% year-over-year).
- 2014: Revenue of $121K, expenses of $101K, and assets of $108K (revenue -3.4% year-over-year).
- 2013: Revenue of $125K, expenses of $131K, and assets of $89K (revenue -44.6% year-over-year).
- 2012: Revenue of $226K, expenses of $164K, and assets of $103K (revenue +53.0% year-over-year).
- 2011: Revenue of $148K, expenses of $138K, and assets of $36K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Love Never Fails Ministries:
Data Sources and Methodology
This transparency report for Love Never Fails Ministries 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.