Street Life Ministries
Street Life Ministries maintains stable finances with growing assets and no reported officer compensation.
EIN: 113368849 · Castle Hayne, NC · NTEE: X20 · Updated: 2026-03-28
Is Street Life Ministries Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Street Life Ministries directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Street Life Ministries
Street Life Ministries (EIN: 113368849) is a nonprofit organization based in Castle Hayne, NC, classified under NTEE code X20. The organization reported total revenue of $262K and total assets of $663K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Street Life Ministries's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Street Life Ministries is a small nonprofit that has been operating for 29 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $428K |
| Total Expenses | $456K |
| Surplus / Deficit | $-27,792 |
| Total Assets | $753K |
| Total Liabilities | $226K |
| Net Assets | $527K |
| Operating Margin | -6.5% |
| Debt-to-Asset Ratio | 30.0% |
| Months of Reserves | 19.8 months |
Financial Health Grade: B
In 2023, Street Life Ministries reported a deficit of $28K with expenses exceeding revenue, holds 19.8 months of operating reserves (strong position), has a debt-to-asset ratio of 30.0% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Street Life Ministries's revenue has grown at a compound annual growth rate (CAGR) of 2.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +14.0% | +25.5% | -6.2% |
| 2022 | -5.4% | +13.7% | -1.5% |
| 2021 | -27.6% | -9.2% | +6.6% |
| 2020 | +88.3% | +26.6% | +33.0% |
| 2019 | -7.4% | -10.4% | -1.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1997 |
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 Street Life Ministries with a Mission Score of 90 out of 100 (Excellent). 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, Street Life Ministries 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $28K, with expenses exceeding revenue.
- Debt-to-asset ratio: 30.0%.
Executive Compensation Analysis
Street Life Ministries consistently reports 0% officer compensation across all available filings, indicating that no funds are allocated to executive salaries, which is highly commendable for a nonprofit of its size.
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.
Strengths
The following positive indicators were identified for Street Life Ministries:
- Consistent 0% officer compensation, indicating strong commitment to mission spending.
- Growing asset base, with assets increasing from $641,648 in 201412 to $753,343 in 202312.
- Decreasing liabilities, from $385,520 in 201412 to $226,169 in 202312, improving financial stability.
- Stable revenue and expense history, demonstrating consistent operational capacity.
- Long filing history (13 filings), indicating sustained operations and transparency.
Frequently Asked Questions about Street Life Ministries
Is Street Life Ministries a legitimate charity?
Based on AI analysis of IRS 990 filings, Street Life Ministries (EIN: 113368849) appears legitimate. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
How does Street Life Ministries spend its money?
Street Life Ministries directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Street Life Ministries tax-deductible?
Street Life Ministries is registered as a tax-exempt nonprofit (EIN: 113368849). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Street Life Ministries manage to operate without officer compensation?
The filings consistently show 0% officer compensation, suggesting that leadership may be volunteer-based or compensated through other means not classified as officer compensation, or that the organization prioritizes direct program spending.
What is the trend in Street Life Ministries' net assets?
Net assets have generally increased over the past decade. For example, total assets grew from $641,648 in 201412 to $753,343 in 202312, while liabilities decreased from $385,520 to $226,169, indicating a healthy growth in net assets.
Has Street Life Ministries experienced significant financial deficits?
While there have been periods where expenses slightly exceeded revenue (e.g., 202312 with a $27,792 deficit and 201712 with a $14,878 deficit), the organization generally operates with a balanced budget or a surplus, demonstrating prudent financial management.
Filing History
IRS 990 filing history for Street Life Ministries showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Street Life Ministries's revenue has grown by 39.5%, moving from $307K to $428K. Total assets increased by 18.5% over the same period, from $636K to $753K. Total functional expenses rose by 43.4%, from $318K to $456K. In its most recent filing year (2023), Street Life Ministries reported a deficit of $28K, with expenses exceeding revenue. The organization holds $226K in liabilities against $753K in assets (debt-to-asset ratio: 30.0%), resulting in net assets of $527K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $428K | $456K | $753K | $226K | — | — |
| 2022 | $375K | $363K | $804K | $249K | — | — |
| 2021 | $397K | $319K | $816K | $273K | — | View 990 |
| 2020 | $548K | $352K | $765K | $300K | — | View 990 |
| 2019 | $291K | $278K | $576K | $307K | — | View 990 |
| 2018 | $314K | $310K | $582K | $326K | — | View 990 |
| 2017 | $305K | $320K | $596K | $345K | — | View 990 |
| 2016 | $358K | $354K | $629K | $364K | — | View 990 |
| 2015 | $377K | $372K | $640K | $378K | — | View 990 |
| 2014 | $306K | $316K | $642K | $386K | — | View 990 |
| 2013 | $347K | $332K | $653K | $394K | — | View 990 |
| 2012 | $358K | $333K | $652K | $401K | — | View 990 |
| 2011 | $307K | $318K | $636K | $410K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $428K, expenses of $456K, and assets of $753K (revenue +14.0% year-over-year).
- 2022: Revenue of $375K, expenses of $363K, and assets of $804K (revenue -5.4% year-over-year).
- 2021: Revenue of $397K, expenses of $319K, and assets of $816K (revenue -27.6% year-over-year).
- 2020: Revenue of $548K, expenses of $352K, and assets of $765K (revenue +88.3% year-over-year).
- 2019: Revenue of $291K, expenses of $278K, and assets of $576K (revenue -7.4% year-over-year).
- 2018: Revenue of $314K, expenses of $310K, and assets of $582K (revenue +3.1% year-over-year).
- 2017: Revenue of $305K, expenses of $320K, and assets of $596K (revenue -14.9% year-over-year).
- 2016: Revenue of $358K, expenses of $354K, and assets of $629K (revenue -5.0% year-over-year).
- 2015: Revenue of $377K, expenses of $372K, and assets of $640K (revenue +23.2% year-over-year).
- 2014: Revenue of $306K, expenses of $316K, and assets of $642K (revenue -11.9% year-over-year).
- 2013: Revenue of $347K, expenses of $332K, and assets of $653K (revenue -3.0% year-over-year).
- 2012: Revenue of $358K, expenses of $333K, and assets of $652K (revenue +16.7% year-over-year).
- 2011: Revenue of $307K, expenses of $318K, and assets of $636K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Street Life Ministries:
Data Sources and Methodology
This transparency report for Street Life Ministries 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.