X โ€” Religion-RelatedEIN: 611758808ยท Ruling Year: 2020

Good Life Ministries

Catlett, Virginia

A-Health Score
82A-

Financial Health Score

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

Very Good

๐Ÿ’ฐ
$1.6M
Total Revenue
๐Ÿ“Š
$1.5M
Total Expenses
๐Ÿฆ
$1.7M
Net Assets
๐Ÿ“‹
$5K
Total Liabilities

Financial Trends

5-Year Trend Analysis

Financial Health Indicators

Revenue Growth
+14.4%
Year-over-year change (2022 โ†’ 2023)
Net Margin
+9.1%
Revenue minus expenses as % of revenue
Working Capital Ratio
1.16
Net assets divided by total expenses
Liabilities-to-Assets
0.3%
Total liabilities as % of total assets

Filing History

9 filings on record
YearRevenueExpensesAssets
2023$1,626,898โ†‘14%$1,479,025โ†‘13%$1,718,341โ†‘9%
2022$1,422,223โ†‘2%$1,314,312โ†‘36%$1,576,436โ†‘8%
2021$1,391,481โ†“4%$965,036โ†“19%$1,465,368โ†‘36%
2020$1,453,673โ†‘53%$1,188,273โ†‘47%$1,076,410โ†‘40%
2019$949,682โ†“1%$805,612โ†‘24%$770,291โ†‘23%
2018$958,078โ†‘40%$647,493โ†‘46%$624,146โ†‘99%
2017$686,345โ†“18%$443,383โ†“42%$314,343โ†‘348%
2016$833,636$765,211$70,142โ†‘7014100%
2015$0$0$1

Frequently Asked Questions

What does Good Life Ministries do?โ–ผ

Good Life Ministries is a religion-related nonprofit organization based in Virginia. It is classified under NTEE code X20 and is registered as a 501(c) tax-exempt organization with the IRS.

Is Good Life Ministries financially healthy?โ–ผ

Based on our 9-metric Financial Health Score model, Good Life Ministries has a score of 82/100 (Grade: A-). 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 Good Life Ministries generate?โ–ผ

Good Life Ministries reports $2.3M in annual revenue and holds $1.8M in total assets, based on IRS filings.

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Good Life Ministries โ€” Catlett, VA | GiveScope