X โ€” Religion-RelatedEIN: 541375229ยท Ruling Year: 1988

Living Faith Ministries Inc

Bristol, Virginia

B+Health Score
66B+

Financial Health Score

9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.

Good

๐Ÿ’ฐ
$1.9M
Total Revenue
๐Ÿ“Š
$2.0M
Total Expenses
๐Ÿฆ
$14.6M
Net Assets
๐Ÿ“‹
$60K
Total Liabilities

Financial Trends

5-Year Trend Analysis

Financial Health Indicators

Revenue Growth
-5.5%
Year-over-year change (2022 โ†’ 2023)
Net Margin
-7.5%
Revenue minus expenses as % of revenue
Working Capital Ratio
7.20
Net assets divided by total expenses
Liabilities-to-Assets
0.4%
Total liabilities as % of total assets

Filing History

16 filings on record
YearRevenueExpensesAssets
2023$1,885,437โ†“6%$2,025,992โ†“3%$14,656,587โ†“1%
2022$1,995,667โ†‘2%$2,084,554โ†‘3%$14,865,415
2021$1,965,023โ†“34%$2,020,268โ†‘4%$14,913,167โ†“1%
2020$2,998,597โ†“29%$1,933,529โ†“15%$15,068,859โ†‘8%
2019$4,252,694โ†‘97%$2,264,730โ†‘52%$13,920,553โ†‘11%
2018$2,159,213โ†“75%$1,494,694โ†“10%$12,558,056โ†‘11%
2017$8,771,002โ†‘131%$1,660,964โ†“3%$11,291,595โ†‘170%
2016$3,799,321โ†‘155%$1,710,502โ†‘3%$4,178,848โ†‘92%
2015$1,487,635โ†“15%$1,665,160โ†“5%$2,180,235โ†“8%
2014$1,749,316โ†‘6%$1,747,847โ†“4%$2,381,603โ†“1%
2013$1,655,676โ†“24%$1,816,331โ†“4%$2,417,051โ†‘3%
2012$2,184,354โ†“2%$1,886,572โ†‘1%$2,349,806โ†‘11%
2011$2,235,627โ†‘10%$1,875,007โ†“27%$2,123,351โ†“6%
2010$2,026,985โ†‘5%$2,557,114โ†‘9%$2,262,755
2009$1,926,215โ†“4%$2,344,083โ†‘26%$2,268,315โ†“16%
2008$2,003,657$1,865,135$2,690,730

Frequently Asked Questions

What does Living Faith Ministries Inc do?โ–ผ

Living Faith Ministries Inc is a religion-related nonprofit organization based in Virginia. It is classified under NTEE code X82 and is registered as a 501(c) tax-exempt organization with the IRS.

Is Living Faith Ministries Inc financially healthy?โ–ผ

Based on our 9-metric Financial Health Score model, Living Faith Ministries Inc has a score of 66/100 (Grade: B+). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.

How much revenue does Living Faith Ministries Inc generate?โ–ผ

Living Faith Ministries Inc reports $1.9M in annual revenue and holds $14.5M in total assets, based on IRS filings.

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Living Faith Ministries Inc โ€” Bristol, VA | GiveScope