Premierlife
Premierlife consistently accumulates assets with minimal reported expenses and no officer compensation.
EIN: 203587205 · Lees Summit, MO · NTEE: L12 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $445K |
| Total Expenses | $5K |
| Program Spending | 75% |
| Net Assets | $2.7M |
| Transparency Score | 70/100 |
Is Premierlife Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Premierlife directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Premierlife
Premierlife (EIN: 203587205) is a nonprofit organization based in Lees Summit, MO, classified under NTEE code L12. The organization reported total revenue of $445K and total assets of $3.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Premierlife's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Premierlife is a small nonprofit that has been operating for 20 years, with 12 years of IRS 990 filings on record (2012–2023). 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 | $116K |
| Total Expenses | $5K |
| Surplus / Deficit | +$111K |
| Total Assets | $3.0M |
| Total Liabilities | $275K |
| Net Assets | $2.7M |
| Operating Margin | 95.7% |
| Debt-to-Asset Ratio | 9.3% |
| Months of Reserves | 7121.9 months |
Financial Health Grade: A
In 2023, Premierlife reported a surplus of $111K with revenue exceeding expenses, holds 7121.9 months of operating reserves (strong position), has a debt-to-asset ratio of 9.3% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), Premierlife's revenue has declined at a compound annual growth rate (CAGR) of -6.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +75.8% | +3.0% | +14.5% |
| 2022 | -64.4% | +20.6% | -5.6% |
| 2021 | +125.3% | -12.2% | +7.2% |
| 2020 | -14.0% | -93.3% | +7.1% |
| 2019 | -10.6% | +1449.2% | +5.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Premierlife with a Mission Score of 70 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: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Premierlife allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $111K, with revenue exceeding expenses.
- Debt-to-asset ratio: 9.3%.
Executive Compensation Analysis
Premierlife reports 0% officer compensation across all available filings, indicating that no salaries or other compensation are paid to its officers, which is a strong positive for transparency and resource allocation.
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 Premierlife's IRS 990 filings:
- Extremely low expenses relative to revenue and assets, raising questions about direct program delivery.
- Lack of detailed information on how accumulated assets are used for mission fulfillment.
Strengths
The following positive indicators were identified for Premierlife:
- Strong financial health with consistent revenue surpluses.
- Significant and steady growth in assets over time.
- Zero reported officer compensation, indicating high transparency in executive pay.
- Very low operational expenses, suggesting efficient management of resources.
Frequently Asked Questions about Premierlife
Is Premierlife a legitimate charity?
Premierlife (EIN: 203587205) is a registered tax-exempt nonprofit based in Missouri. Our AI analysis gives it a Mission Score of 70/100. It has 12 years of IRS 990 filings on record. Total revenue: $445K. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Premierlife spend its money?
Premierlife directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Premierlife tax-deductible?
Premierlife is registered as a tax-exempt nonprofit (EIN: 203587205). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Premierlife's spending goes to programs?
Premierlife directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Premierlife compare to similar nonprofits?
With a transparency score of 70/100 (Good), Premierlife is above average for NTEE category L12 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Premierlife located?
Premierlife is headquartered in Lees Summit, Missouri and files with the IRS under EIN 203587205. It is classified under NTEE code L12.
How many years of IRS 990 filings does Premierlife have?
Premierlife has 12 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 $445K in total revenue.
What are Premierlife's primary programmatic activities given its extremely low reported expenses?
Premierlife consistently reports very low expenses (e.g., $4,986 in 2023) relative to its revenue and asset base. This suggests that its primary activities may not involve significant direct service delivery costs, or that its mission is achieved through means not reflected as high operational expenses, such as asset management or grant-making to other organizations, though this is not explicitly stated in the provided data.
How are Premierlife's growing assets being utilized to further its mission?
Premierlife's assets have grown significantly from $1,020,197 in 2014 to $2,959,153 in 2023. While this indicates strong financial health, the filings do not detail how these accumulated assets are directly applied to programmatic activities or mission fulfillment, especially given the minimal reported expenses.
Is Premierlife primarily an asset-holding organization rather than a direct service provider?
Given the consistent pattern of high revenue, low expenses, and significant asset growth, it appears Premierlife may function more as an asset-holding or investment-focused entity rather than a direct service provider with substantial operational costs. This is a common model for some foundations or endowment-building organizations.
Filing History
IRS 990 filing history for Premierlife showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Premierlife's revenue has declined by 51.7%, moving from $241K to $116K. Total assets increased by 324.3% over the same period, from $697K to $3.0M. Total functional expenses fell by 99.4%, from $771K to $5K. In its most recent filing year (2023), Premierlife reported a surplus of $111K, with revenue exceeding expenses. The organization holds $275K in liabilities against $3.0M in assets (debt-to-asset ratio: 9.3%), resulting in net assets of $2.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $116K | $5K | $3.0M | $275K | — | View 990 |
| 2022 | $66K | $5K | $2.6M | $24K | — | View 990 |
| 2021 | $186K | $4K | $2.7M | $24K | — | View 990 |
| 2020 | $83K | $5K | $2.6M | $24K | — | View 990 |
| 2019 | $96K | $69K | $2.4M | $24K | — | View 990 |
| 2018 | $108K | $4K | $2.3M | $0 | — | View 990 |
| 2017 | $101K | $3K | $1.3M | $0 | — | View 990 |
| 2016 | $123K | $5K | $1.2M | $0 | — | View 990 |
| 2015 | $87K | $3K | $1.1M | $0 | — | View 990 |
| 2014 | $165K | $3K | $1.0M | $0 | — | View 990 |
| 2013 | $177K | $5K | $898K | $40K | — | View 990 |
| 2012 | $241K | $771K | $697K | $11K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $116K, expenses of $5K, and assets of $3.0M (revenue +75.8% year-over-year).
- 2022: Revenue of $66K, expenses of $5K, and assets of $2.6M (revenue -64.4% year-over-year).
- 2021: Revenue of $186K, expenses of $4K, and assets of $2.7M (revenue +125.3% year-over-year).
- 2020: Revenue of $83K, expenses of $5K, and assets of $2.6M (revenue -14.0% year-over-year).
- 2019: Revenue of $96K, expenses of $69K, and assets of $2.4M (revenue -10.6% year-over-year).
- 2018: Revenue of $108K, expenses of $4K, and assets of $2.3M (revenue +6.5% year-over-year).
- 2017: Revenue of $101K, expenses of $3K, and assets of $1.3M (revenue -17.7% year-over-year).
- 2016: Revenue of $123K, expenses of $5K, and assets of $1.2M (revenue +41.1% year-over-year).
- 2015: Revenue of $87K, expenses of $3K, and assets of $1.1M (revenue -47.3% year-over-year).
- 2014: Revenue of $165K, expenses of $3K, and assets of $1.0M (revenue -6.8% year-over-year).
- 2013: Revenue of $177K, expenses of $5K, and assets of $898K (revenue -26.5% year-over-year).
- 2012: Revenue of $241K, expenses of $771K, and assets of $697K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Premierlife:
Data Sources and Methodology
This transparency report for Premierlife 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.