Lovesick Ministries
EIN: 271292894 · Lawton, OK · NTEE: X20
| Metric | Value |
|---|---|
| Total Revenue | $170K |
| Total Expenses | $101K |
| Net Assets | $399K |
Is Lovesick Ministries Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Lovesick Ministries
Lovesick Ministries (EIN: 271292894) is a nonprofit organization based in Lawton, OK, classified under NTEE code X20. The organization reported total revenue of $170K and total assets of $458K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lovesick Ministries's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lovesick Ministries is a small nonprofit that has been operating for 16 years, with 5 years of IRS 990 filings on record (2017–2023). Revenue has grown at a compound annual rate of -4.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $161K |
| Total Expenses | $101K |
| Surplus / Deficit | +$60K |
| Total Assets | $399K |
| Net Assets | $399K |
| Operating Margin | 37.1% |
| Months of Reserves | 47.4 months |
Financial Health Grade: A
In 2023, Lovesick Ministries reported a surplus of $60K with revenue exceeding expenses, holds 47.4 months of operating reserves (strong position).
Financial Trends
Over 5 years of filings (2017–2023), Lovesick Ministries's revenue has declined at a compound annual growth rate (CAGR) of -4.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +18.1% | +37.0% | +0.6% |
| 2022 | -11.6% | +42.2% | +16.8% |
| 2021 | +36.3% | +25.8% | +52.4% |
| 2020 | -47.0% | -59.0% | +84.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2010 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Lovesick 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 Lovesick 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 surplus of $60K, with revenue exceeding expenses.
Frequently Asked Questions about Lovesick Ministries
Is Lovesick Ministries a legitimate charity?
Lovesick Ministries (EIN: 271292894) is a registered tax-exempt nonprofit based in Oklahoma. It has 5 years of IRS 990 filings on record. Total revenue: $170K. No red flags identified. Financial health grade: A.
How does Lovesick Ministries spend its money?
Lovesick Ministries reported $170K in total revenue in IRS 990 filings. 5 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Lovesick Ministries tax-deductible?
Lovesick Ministries is registered as a tax-exempt nonprofit (EIN: 271292894). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Lovesick Ministries located?
Lovesick Ministries is headquartered in Lawton, Oklahoma and files with the IRS under EIN 271292894. It is classified under NTEE code X20.
How many years of IRS 990 filings does Lovesick Ministries have?
Lovesick Ministries has 5 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 $170K in total revenue.
Filing History
IRS 990 filing history for Lovesick Ministries showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2017–2023), Lovesick Ministries's revenue has declined by 24.5%, moving from $213K to $161K. Total assets increased by 231.1% over the same period, from $120K to $399K. Total functional expenses rose by 0.6%, from $100K to $101K. In its most recent filing year (2023), Lovesick Ministries reported a surplus of $60K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $161K | $101K | $399K | $0 | — | — |
| 2022 | $136K | $74K | $397K | $57K | — | View 990 |
| 2021 | $154K | $52K | $340K | $63K | — | View 990 |
| 2020 | $113K | $41K | $223K | $48K | — | — |
| 2017 | $213K | $100K | $120K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $161K, expenses of $101K, and assets of $399K (revenue +18.1% year-over-year).
- 2022: Revenue of $136K, expenses of $74K, and assets of $397K (revenue -11.6% year-over-year).
- 2021: Revenue of $154K, expenses of $52K, and assets of $340K (revenue +36.3% year-over-year).
- 2020: Revenue of $113K, expenses of $41K, and assets of $223K (revenue -47.0% year-over-year).
- 2017: Revenue of $213K, expenses of $100K, and assets of $120K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lovesick Ministries:
Data Sources and Methodology
This transparency report for Lovesick 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.