Overview
What is Transforming Life Ministries?
Transforming Life Ministries is a nonprofit organization dedicated to transforming lives through its life transformation ministry. Based on the provided information, the organization operates with a focus on religious purposes and offers various public outreach programs. Classified as a general religion organization, Transforming Life Ministries is committed to improving lives through its mission, aiming to make a positive impact on society.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 63%, Two-Star out of Four Star rating
Transforming Life Ministries has received a 63% score from Charity Navigator, which reflects a two-star rating. This score is based solely on the Accountability & Finance beacon, indicating that the organization has strong financial practices in certain areas but may lack overall performance metrics.
The organization excels in having a fully independent board of directors, scoring 10 out of 10 points in that category. Additionally, Transforming Life Ministries demonstrates no material diversion of assets and a favorable liabilities to assets ratio of 6.66%. These factors contribute positively to its accountability metrics, with a program expense ratio of 100%, indicating that all funds are directed towards its programs.
Despite these strengths, the overall two-star rating suggests potential limitations in other areas not captured in the financial metrics. Stakeholders may want to consider additional performance indicators and the organization’s impact to gain a comprehensive view of its effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Transforming Life Ministries legitimate?
Transforming Life Ministries is a legitimate nonprofit organization registered as a 501(c)(3) entity. Transforming Life Ministries submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Transforming Life Ministries?
Transforming Life Ministries is committed to its mission of transforming lives through its life transformation ministry. The organization conducts various programs, primarily for religious purposes, to achieve this goal. Classified as a general religion organization, Transforming Life Ministries aims to positively impact individuals' lives through its public ministry outreach. The organization's focus is on offering spiritual guidance and support, contributing to personal growth and development. While specific details about the methods and strategies employed by Transforming Life Ministries are not provided, it is clear that their mission is centered around transforming lives through spiritual means.
Who is the CEO of Transforming Life Ministries?
John M Hobbs Minister is the Principal Officer of Transforming Life Ministries.
What is the revenue of Transforming Life Ministries?
Transforming Life Ministries's revenue in 2022 was $26,263.
Who are the executives of Transforming Life Ministries and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Transforming Life Ministries?
Transforming Life Ministries's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Transforming Life Ministries
Transforming Life Ministries is dedicated to the mission of transforming lives through its comprehensive life transformation ministry. This organization, categorized as a general religion organization, executes this mission by providing various programs and initiatives. A significant part of its work involves public ministry outreach for religious purposes. The ultimate goal of Transforming Life Ministries is to bring about positive changes in individuals' lives, contributing to a broader societal transformation.
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Impact
August, 2024
Transforming Life Ministries has made a significant impact on the community through its life transformation ministry. The organization's programs have touched the lives of many individuals, providing support, guidance, and hope. Through public ministry outreach and various programs, Transforming Life Ministries has helped individuals transform their lives spiritually, emotionally, and mentally. The organization's dedication to its mission of transforming lives has brought about positive change in the community and continues to inspire those in need of support and faith.
This information is meant to be a general summary of Transforming Life Ministries. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $2
- Gross Receipts: $26,263
Assets and Liabilities:
- Total Assets: $4,537
- Total Liabilities: $0
- Net Assets: $4,537
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Organization Details
Founding Year
2013
Principal Officer
John M Hobbs Minister
Main Address
4841 STILLWELL RD, WILMINGTON, NC, 28412
NTEE Category
Code: X99 - Religion related
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