Professional Life Advisors Network Ltd
EIN: 352377968 · Charlotte, NC · NTEE: S41
| Metric | Value |
|---|---|
| Total Revenue | $247K |
| Total Expenses | $396K |
| Net Assets | $696K |
Is Professional Life Advisors Network Ltd Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Professional Life Advisors Network Ltd
Professional Life Advisors Network Ltd (EIN: 352377968) is a nonprofit organization based in Charlotte, NC, classified under NTEE code S41. The organization reported total revenue of $247K and total assets of $540K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Professional Life Advisors Network Ltd's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Professional Life Advisors Network Ltd is a small nonprofit that has been operating for 13 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 2.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $599K |
| Total Expenses | $396K |
| Surplus / Deficit | +$203K |
| Total Assets | $696K |
| Net Assets | $696K |
| Operating Margin | 33.9% |
| Months of Reserves | 21.1 months |
Financial Health Grade: A
In 2023, Professional Life Advisors Network Ltd reported a surplus of $203K with revenue exceeding expenses, holds 21.1 months of operating reserves (strong position).
Financial Trends
Over 12 years of filings (2012–2023), Professional Life Advisors Network Ltd's revenue has grown at a compound annual growth rate (CAGR) of 2.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +55.8% | +6.1% | +41.3% |
| 2022 | -3.8% | +0.9% | +2.4% |
| 2021 | +3.1% | -0.2% | +6.6% |
| 2020 | +0.7% | -51.6% | -24.8% |
| 2019 | -4.0% | +126.1% | -38.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2013 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Professional Life Advisors Network Ltd 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 Professional Life Advisors Network Ltd 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 $203K, with revenue exceeding expenses.
Frequently Asked Questions about Professional Life Advisors Network Ltd
Is Professional Life Advisors Network Ltd a legitimate charity?
Professional Life Advisors Network Ltd (EIN: 352377968) is a registered tax-exempt nonprofit based in North Carolina. It has 12 years of IRS 990 filings on record. Total revenue: $247K. No red flags identified. Financial health grade: A.
How does Professional Life Advisors Network Ltd spend its money?
Professional Life Advisors Network Ltd reported $247K in total revenue in IRS 990 filings. 12 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Professional Life Advisors Network Ltd tax-deductible?
Professional Life Advisors Network Ltd is registered as a tax-exempt nonprofit (EIN: 352377968). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Professional Life Advisors Network Ltd located?
Professional Life Advisors Network Ltd is headquartered in Charlotte, North Carolina and files with the IRS under EIN 352377968. It is classified under NTEE code S41.
How many years of IRS 990 filings does Professional Life Advisors Network Ltd have?
Professional Life Advisors Network Ltd 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 $247K in total revenue.
Filing History
IRS 990 filing history for Professional Life Advisors Network Ltd showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Professional Life Advisors Network Ltd's revenue has grown by 33.9%, moving from $447K to $599K. Total assets increased by 24.3% over the same period, from $560K to $696K. Total functional expenses rose by 29.9%, from $305K to $396K. In its most recent filing year (2023), Professional Life Advisors Network Ltd reported a surplus of $203K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $599K | $396K | $696K | $0 | — | View 990 |
| 2022 | $385K | $373K | $493K | $0 | — | — |
| 2021 | $400K | $370K | $481K | $0 | — | View 990 |
| 2020 | $387K | $371K | $452K | $0 | — | — |
| 2019 | $385K | $766K | $601K | $34K | — | View 990 |
| 2018 | $401K | $339K | $979K | $31K | — | View 990 |
| 2017 | $587K | $314K | $918K | $32K | — | View 990 |
| 2016 | $489K | $488K | $615K | $0 | — | View 990 |
| 2015 | $410K | $456K | $618K | $4K | — | View 990 |
| 2014 | $304K | $339K | $653K | $53K | — | View 990 |
| 2013 | $439K | $346K | $693K | $58K | — | View 990 |
| 2012 | $447K | $305K | $560K | $18K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $599K, expenses of $396K, and assets of $696K (revenue +55.8% year-over-year).
- 2022: Revenue of $385K, expenses of $373K, and assets of $493K (revenue -3.8% year-over-year).
- 2021: Revenue of $400K, expenses of $370K, and assets of $481K (revenue +3.1% year-over-year).
- 2020: Revenue of $387K, expenses of $371K, and assets of $452K (revenue +0.7% year-over-year).
- 2019: Revenue of $385K, expenses of $766K, and assets of $601K (revenue -4.0% year-over-year).
- 2018: Revenue of $401K, expenses of $339K, and assets of $979K (revenue -31.7% year-over-year).
- 2017: Revenue of $587K, expenses of $314K, and assets of $918K (revenue +19.9% year-over-year).
- 2016: Revenue of $489K, expenses of $488K, and assets of $615K (revenue +19.4% year-over-year).
- 2015: Revenue of $410K, expenses of $456K, and assets of $618K (revenue +34.8% year-over-year).
- 2014: Revenue of $304K, expenses of $339K, and assets of $653K (revenue -30.7% year-over-year).
- 2013: Revenue of $439K, expenses of $346K, and assets of $693K (revenue -1.9% year-over-year).
- 2012: Revenue of $447K, expenses of $305K, and assets of $560K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Professional Life Advisors Network Ltd:
Data Sources and Methodology
This transparency report for Professional Life Advisors Network Ltd 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.