Overview
What is Living Faith Ministries Inc?
Living Faith Ministries Inc, based in Bristol, Virginia, is a nonprofit organization dedicated to spreading the teachings of Jesus Christ through various mediums. Their primary mission involves broadcasting religious and educational programming on television, reaching an audience of 1.8 million homes. This programming encompasses music, education, and instruction in biblical principles. Additionally, Living Faith Ministries extends its reach to hospitals, jails, and prisons, promoting biblical principles to those in these institutions. The organization's work aims to cater to the spiritual needs of its membership and supporters, providing them with relevant and engaging programming. As of the provided information, the organization has a workforce of 13 individuals.
Official website here: www.livingfaithtv.com
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 18%, Zero-Star out of Four Star rating.
Living Faith Ministries Inc has received a very low score of 18% from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The organization lacks a majority of independent board members, which raises questions about governance and oversight. Additionally, the financial statements are not adequately presented, contributing to a lack of transparency.
The charity does have some strengths, such as having a conflict of interest policy in place and adequate documentation of board meeting minutes. However, the absence of essential policies like a whistleblower policy and document retention practices suggests gaps in operational integrity. Furthermore, a high ratio of liabilities to assets points to potential financial instability.
Overall, while Living Faith Ministries Inc demonstrates some positive attributes, the substantial shortcomings in governance and financial accountability warrant caution for potential donors and supporters. The organization will need to address these issues to improve its standing and trustworthiness in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Living Faith Ministries Inc legitimate?
Living Faith Ministries Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Living Faith Ministries Inc 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: $228,261
Professional Fundraising Fees: $0
Other Salaries and Wages: $366,198
For more financial information, click here
Official website here: www.livingfaithtv.com
What is the mission statement of Living Faith Ministries Inc?
Living Faith Ministries Inc's mission is centered around providing religious and educational programming. The organization strives to cater to the needs of its audience and supporters through its broadcasting activities. Their programming, transmitted via television, promotes the teachings of Jesus Christ. They extend their reach to hospitals, jails, and prisons, spreading biblical principles. In addition, their broadcasting reaches approximately 1.8 million homes, offering a mix of Christian music, education, and instruction in biblical principles.
Official website here: www.livingfaithtv.com
Who is the CEO of Living Faith Ministries Inc?
Michael Smith is the President/Director of Living Faith Ministries Inc.
Official website here: www.livingfaithtv.com
What is the revenue of Living Faith Ministries Inc?
Living Faith Ministries Inc's revenue in 2022 was $1,995,667.
Official website here: www.livingfaithtv.com
Who are the executives of Living Faith Ministries Inc and what are their salaries?
The average compensation at Living Faith Ministries Inc during 2022 was $45,728. There are 13 employees at Living Faith Ministries Inc.
Here are 5 key members and their salaries:
- Compensation: $115,437
- Related: $0
- Other: $0
- Compensation: $112,824
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.livingfaithtv.com
Where can I find the form 990 for Living Faith Ministries Inc?
Living Faith Ministries Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.livingfaithtv.com
Learn more at the official website: www.livingfaithtv.com
Mission Statement of Living Faith Ministries Inc
Living Faith Ministries Inc, a nonprofit organization, is committed to providing religious and educational programming to cater to the needs of its audience and supporters. Their primary mission is to disseminate the teachings of Jesus Christ through various mediums, including television broadcasts. Beyond this, they extend their reach to hospitals, jails, and prisons, spreading biblical principles to serve those in need. Through their programming, they aim to touch the lives of 1.8 million households, offering a mix of music, education, and teachings based on biblical principles. In essence, Living Faith Ministries Inc is dedicated to spreading the word of Jesus Christ and promoting biblical principles, reaching out to diverse communities and settings.
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Impact
July, 2024
Living Faith Ministries Inc impacts millions of homes by broadcasting television programming that promotes the gospel of Jesus Christ. Through their efforts, they deliver biblical principles and teachings to hospitals, jails, and prisons, reaching a wide audience with Christian music, education, and religious content. Their mission is to provide religious and educational programming to meet the needs of their membership and supporters, influencing individuals with the message of faith and spirituality.
This information is meant to be a general summary of Living Faith Ministries Inc. 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: $106,434
- Program Service Revenue: $1,319,038
- Gross Receipts: $2,395,320
Assets and Liabilities:
- Total Assets: $14,865,415
- Total Liabilities: $127,932
- Net Assets: $14,737,483
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RELIGIOUS PROGRAMS
Revenue
$792,361
COMMERCIAL ADVERTISING
Revenue
$526,677
Organization Details
Founding Year
2004
Phone
(276) 676-3806Principal Officer
Michael Smith
Main Address
PO BOX 16789, BRISTOL, VA, 24209
Website
www.livingfaithtv.comNTEE Category
Code: X82 - Religion related
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