One Life Ministries Inc
One Life Ministries Inc shows fluctuating revenues and expenses, with recent positive net income and zero officer compensation.
EIN: 201048557 · Chapin, SC · NTEE: X20 · Updated: 2026-03-28
Is One Life Ministries Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
One Life Ministries Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About One Life Ministries Inc
One Life Ministries Inc (EIN: 201048557) is a nonprofit organization based in Chapin, SC, classified under NTEE code X20. The organization reported total revenue of $75K and total assets of $74K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of One Life Ministries Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates One Life Ministries Inc with a Mission Score of 75 out of 100 (Good). 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, One Life 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
Executive compensation has consistently been reported as 0% across all available filings, which is commendable for an organization of this size and indicates that leadership is not drawing a salary from the nonprofit's funds.
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 One Life Ministries Inc's IRS 990 filings:
- Inconsistent revenue and expense patterns, leading to deficits in multiple years (e.g., 2022, 2020, 2019, 2018, 2016).
- Significant fluctuation in assets over time, from $155,646 in 2017 to $64,626 in 2023, which could indicate unpredictable financial planning or large asset liquidations.
Strengths
The following positive indicators were identified for One Life Ministries Inc:
- Consistent reporting of 0% officer compensation, indicating strong financial stewardship at the executive level.
- No reported liabilities in the most recent filing (2023), suggesting a healthy balance sheet.
- Positive net income in the most recent fiscal period (2023), reversing a trend of deficits in prior years.
Frequently Asked Questions about One Life Ministries Inc
Is One Life Ministries Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, One Life Ministries Inc (EIN: 201048557) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does One Life Ministries Inc spend its money?
One Life Ministries Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to One Life Ministries Inc tax-deductible?
One Life Ministries Inc is registered as a tax-exempt nonprofit (EIN: 201048557). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is One Life Ministries Inc financially stable?
The organization's financial stability has varied. While the 2023 filing shows a positive net income ($76,789 revenue vs. $69,632 expenses), previous years like 2022 and 2020 showed expenses exceeding revenues, indicating periods of financial strain. The current lack of liabilities is a positive sign.
How does One Life Ministries Inc manage its administrative costs?
With 0% officer compensation reported across all filings, One Life Ministries Inc appears to manage its top-level administrative costs very efficiently, as no salaries are being paid to officers. This suggests a high degree of volunteer involvement or very lean operational overhead.
What caused the significant revenue spike in 2017?
In 2017, One Life Ministries Inc reported a revenue of $270,959, which is significantly higher than any other year. Without further detail from the 990 forms, it's unclear if this was due to a large one-time donation, a successful fundraising campaign, or a grant, but it represents an anomaly in their typical revenue pattern.
Filing History
IRS 990 filing history for One Life Ministries Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), One Life Ministries Inc's revenue has declined by 56.6%, moving from $177K to $77K. Total assets decreased by 41.8% over the same period, from $111K to $65K. Total functional expenses fell by 67.5%, from $215K to $70K. In its most recent filing year (2023), One Life Ministries Inc reported a surplus of $7K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $77K | $70K | $65K | $0 | — | View 990 |
| 2022 | $64K | $82K | $59K | $2K | — | View 990 |
| 2021 | $64K | $67K | $77K | $2K | — | View 990 |
| 2020 | $69K | $84K | $79K | $0 | — | — |
| 2019 | $82K | $91K | $94K | $2K | — | View 990 |
| 2018 | $70K | $123K | $104K | $2K | — | View 990 |
| 2017 | $271K | $165K | $156K | $1K | — | View 990 |
| 2016 | $49K | $151K | $49K | $0 | — | View 990 |
| 2015 | $173K | $111K | $151K | $2K | — | View 990 |
| 2014 | $146K | $131K | $89K | $2K | — | View 990 |
| 2013 | $168K | $167K | $74K | $2K | — | View 990 |
| 2012 | $123K | $160K | $73K | $2K | — | View 990 |
| 2011 | $177K | $215K | $111K | $3K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $77K, expenses of $70K, and assets of $65K (revenue +19.7% year-over-year).
- 2022: Revenue of $64K, expenses of $82K, and assets of $59K (revenue +0.4% year-over-year).
- 2021: Revenue of $64K, expenses of $67K, and assets of $77K (revenue -7.0% year-over-year).
- 2020: Revenue of $69K, expenses of $84K, and assets of $79K (revenue -16.4% year-over-year).
- 2019: Revenue of $82K, expenses of $91K, and assets of $94K (revenue +16.6% year-over-year).
- 2018: Revenue of $70K, expenses of $123K, and assets of $104K (revenue -74.0% year-over-year).
- 2017: Revenue of $271K, expenses of $165K, and assets of $156K (revenue +448.3% year-over-year).
- 2016: Revenue of $49K, expenses of $151K, and assets of $49K (revenue -71.5% year-over-year).
- 2015: Revenue of $173K, expenses of $111K, and assets of $151K (revenue +18.7% year-over-year).
- 2014: Revenue of $146K, expenses of $131K, and assets of $89K (revenue -13.1% year-over-year).
- 2013: Revenue of $168K, expenses of $167K, and assets of $74K (revenue +36.5% year-over-year).
- 2012: Revenue of $123K, expenses of $160K, and assets of $73K (revenue -30.4% year-over-year).
- 2011: Revenue of $177K, expenses of $215K, and assets of $111K.
Data Sources and Methodology
This transparency report for One Life 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.