Overcoming Love Ministries Inc
Overcoming Love Ministries Inc. faces persistent operating deficits and declining assets.
EIN: 112774575 · Brooklyn, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.9M |
| Total Expenses | $2.5M |
| Program Spending | 70% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $2.7M |
| Transparency Score | 45/100 |
Is Overcoming Love Ministries Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Overcoming Love Ministries Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Overcoming Love Ministries Inc
Overcoming Love Ministries Inc (EIN: 112774575) is a nonprofit organization based in Brooklyn, NY. The organization reported total revenue of $1.9M and total assets of $2.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Overcoming Love Ministries Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Overcoming Love Ministries Inc is a mid-size nonprofit that has been operating for 40 years, with 10 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 3.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.0M |
| Total Expenses | $2.5M |
| Surplus / Deficit | $-438,830 |
| Total Assets | $2.7M |
| Total Liabilities | $10K |
| Net Assets | $2.7M |
| Operating Margin | -21.7% |
| Debt-to-Asset Ratio | 0.4% |
| Months of Reserves | 13.1 months |
Financial Health Grade: B
In 2023, Overcoming Love Ministries Inc reported a deficit of $439K with expenses exceeding revenue, holds 13.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.4% (very low leverage).
Financial Trends
Over 10 years of filings (2010–2023), Overcoming Love Ministries Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -29.2% | -20.4% | -14.0% |
| 2022 | +9.3% | +2.1% | -7.0% |
| 2021 | -5.7% | -1.3% | -11.8% |
| 2020 | +91.7% | +144.1% | -24.4% |
| 2016 | +2.6% | +7.4% | +3.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 1986 |
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 Overcoming Love Ministries Inc with a Mission Score of 45 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Overcoming Love Ministries Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $439K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.4%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers or key employees are receiving salaries, which is unusual for an organization with revenues exceeding $1 million annually.
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 Overcoming Love Ministries Inc's IRS 990 filings:
- Consistent operating deficits (expenses exceeding revenue) in recent years.
- Significant decline in total assets over the past decade (from $5.2M in 2014 to $2.6M in 2023).
- Lack of detailed NTEE code information, hindering understanding of primary mission focus.
- Unusually low liabilities in some periods despite significant expenses, which could indicate reliance on other funding sources or delayed payments.
Strengths
The following positive indicators were identified for Overcoming Love Ministries Inc:
- Reported 0% officer compensation, indicating resources are not being used for executive salaries.
- Maintained significant revenue levels, generally above $1.9 million in recent years.
Frequently Asked Questions about Overcoming Love Ministries Inc
Is Overcoming Love Ministries Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Overcoming Love Ministries Inc (EIN: 112774575) significant concerns. Mission Score: 45/100. 4 red flags identified, 2 strengths noted.
How does Overcoming Love Ministries Inc spend its money?
Overcoming Love Ministries Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Overcoming Love Ministries Inc tax-deductible?
Overcoming Love Ministries Inc is registered as a tax-exempt nonprofit (EIN: 112774575). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Overcoming Love Ministries Inc CEO make?
Overcoming Love Ministries Inc's highest-compensated officer earns $1 annually. The organization reported $1.9M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Overcoming Love Ministries Inc's spending goes to programs?
Overcoming Love Ministries Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Overcoming Love Ministries Inc located?
Overcoming Love Ministries Inc is headquartered in Brooklyn, New York and files with the IRS under EIN 112774575.
How many years of IRS 990 filings does Overcoming Love Ministries Inc have?
Overcoming Love Ministries Inc has 10 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 $1.9M in total revenue.
Is Overcoming Love Ministries Inc. financially sustainable?
The organization has consistently spent more than it earned in recent years (e.g., $2,460,081 expenses vs. $2,021,251 revenue in 2023), leading to a significant decline in assets from over $5 million in 2014 to $2.6 million in 2023, which raises serious concerns about its long-term financial sustainability.
What is the reason for the consistent operating deficits?
The provided data does not specify the reasons for the consistent operating deficits, but the trend of expenses exceeding revenue is clear across multiple recent fiscal periods.
How does the organization fund its operations given 0% officer compensation?
While officer compensation is reported as 0%, the organization still incurs significant expenses (e.g., $2,460,081 in 2023). The funding for these operations comes from its revenue, but the consistent deficits suggest that revenue is insufficient to cover all operational costs.
Filing History
IRS 990 filing history for Overcoming Love Ministries Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2010–2023), Overcoming Love Ministries Inc's revenue has grown by 47.3%, moving from $1.4M to $2.0M. Total assets decreased by 40.4% over the same period, from $4.5M to $2.7M. Total functional expenses rose by 148.4%, from $990K to $2.5M. In its most recent filing year (2023), Overcoming Love Ministries Inc reported a deficit of $439K, with expenses exceeding revenue. The organization holds $10K in liabilities against $2.7M in assets (debt-to-asset ratio: 0.4%), resulting in net assets of $2.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.0M | $2.5M | $2.7M | $10K | — | — |
| 2022 | $2.9M | $3.1M | $3.1M | $8K | — | View 990 |
| 2021 | $2.6M | $3.0M | $3.4M | $9K | — | View 990 |
| 2020 | $2.8M | $3.1M | $3.8M | $47K | — | View 990 |
| 2016 | $1.4M | $1.3M | $5.0M | $838 | — | View 990 |
| 2015 | $1.4M | $1.2M | $4.9M | $0 | — | View 990 |
| 2014 | $1.7M | $1.2M | $5.2M | $68K | — | View 990 |
| 2013 | $1.5M | $1.1M | $5.1M | $49K | — | View 990 |
| 2012 | $1.4M | $1.1M | $4.4M | $264K | — | View 990 |
| 2010 | $1.4M | $990K | $4.5M | $393K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.0M, expenses of $2.5M, and assets of $2.7M (revenue -29.2% year-over-year).
- 2022: Revenue of $2.9M, expenses of $3.1M, and assets of $3.1M (revenue +9.3% year-over-year).
- 2021: Revenue of $2.6M, expenses of $3.0M, and assets of $3.4M (revenue -5.7% year-over-year).
- 2020: Revenue of $2.8M, expenses of $3.1M, and assets of $3.8M (revenue +91.7% year-over-year).
- 2016: Revenue of $1.4M, expenses of $1.3M, and assets of $5.0M (revenue +2.6% year-over-year).
- 2015: Revenue of $1.4M, expenses of $1.2M, and assets of $4.9M (revenue -19.1% year-over-year).
- 2014: Revenue of $1.7M, expenses of $1.2M, and assets of $5.2M (revenue +17.7% year-over-year).
- 2013: Revenue of $1.5M, expenses of $1.1M, and assets of $5.1M (revenue +8.9% year-over-year).
- 2012: Revenue of $1.4M, expenses of $1.1M, and assets of $4.4M (revenue -1.0% year-over-year).
- 2010: Revenue of $1.4M, expenses of $990K, and assets of $4.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Overcoming Love Ministries Inc:
Data Sources and Methodology
This transparency report for Overcoming Love 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.