Refreshing Lives Church Inc
EIN: 331114503 · New Bern, NC · NTEE: X21
Is Refreshing Lives Church Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Refreshing Lives Church Inc
Refreshing Lives Church Inc (EIN: 331114503) is a nonprofit organization based in New Bern, NC, classified under NTEE code X21. The organization reported total revenue of $247K and total assets of $804K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Refreshing Lives Church Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Refreshing Lives Church Inc is a small nonprofit that has been operating for 20 years, with 4 years of IRS 990 filings on record (2018–2021). Revenue has grown at a compound annual rate of -1.1%.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
| Total Revenue | $247K |
| Total Expenses | $347K |
| Surplus / Deficit | $-99,644 |
| Total Assets | $804K |
| Total Liabilities | $943K |
| Net Assets | $-138,670 |
| Operating Margin | -40.3% |
| Debt-to-Asset Ratio | 117.2% |
| Months of Reserves | 27.8 months |
Financial Health Grade: C
In 2021, Refreshing Lives Church Inc reported a deficit of $100K with expenses exceeding revenue, holds 27.8 months of operating reserves (strong position), has a debt-to-asset ratio of 117.2% (high leverage).
Financial Trends
Over 4 years of filings (2018–2021), Refreshing Lives Church Inc's revenue has declined at a compound annual growth rate (CAGR) of -1.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2021 | +5.7% | +15.4% | +17.4% |
| 2020 | -8.7% | +13.7% | +5.0% |
| 2019 | +0.2% | +11.9% | -4.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Refreshing Lives Church Inc 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 Refreshing Lives Church Inc 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 (2021)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $100K, with expenses exceeding revenue.
- Debt-to-asset ratio: 117.2%.
Frequently Asked Questions about Refreshing Lives Church Inc
Is Refreshing Lives Church Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Refreshing Lives Church Inc (EIN: 331114503) insufficient data. 0 red flags identified, 0 strengths noted.
How does Refreshing Lives Church Inc spend its money?
Detailed spending breakdown data is not yet available for Refreshing Lives Church Inc. Check back for updated IRS 990 analysis.
Are donations to Refreshing Lives Church Inc tax-deductible?
Refreshing Lives Church Inc is registered as a tax-exempt nonprofit (EIN: 331114503). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Refreshing Lives Church Inc showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2018–2021), Refreshing Lives Church Inc's revenue has declined by 3.3%, moving from $256K to $247K. Total assets increased by 18.2% over the same period, from $680K to $804K. Total functional expenses rose by 46.9%, from $236K to $347K. In its most recent filing year (2021), Refreshing Lives Church Inc reported a deficit of $100K, with expenses exceeding revenue. The organization holds $943K in liabilities against $804K in assets (debt-to-asset ratio: 117.2%), resulting in net assets of $-138,670.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2021 | $247K | $347K | $804K | $943K | — | — |
| 2020 | $234K | $301K | $685K | $724K | — | — |
| 2019 | $257K | $265K | $652K | $625K | — | View 990 |
| 2018 | $256K | $236K | $680K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2021: Revenue of $247K, expenses of $347K, and assets of $804K (revenue +5.7% year-over-year).
- 2020: Revenue of $234K, expenses of $301K, and assets of $685K (revenue -8.7% year-over-year).
- 2019: Revenue of $257K, expenses of $265K, and assets of $652K (revenue +0.2% year-over-year).
- 2018: Revenue of $256K, expenses of $236K, and assets of $680K.
Data Sources and Methodology
This transparency report for Refreshing Lives Church 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.