This project was a departure from Flex's previous Mix Tape releases, which consisted of freestyles mixed with previously released songs. This, however, was mostly made up of original songs with original production with Funkmaster Flex providing the DJ mix.
Two singles made it to the Billboard charts, "Do You", which featured DMX, was the most successful of the two, reaching 92 on the Billboard Hot 100. Faith Evans's "Goodlife" became hit on both the R&B and rap charts.
60 Minutes of Funk, Volume IV: The Mixtape was a success, peaking at 26 on the Billboard 200 and becoming Funk Flex's fourth consecutive album to earn a gold certification from the Recording Industry Association of America. To date this remains the final entry in the 60 Minute of Funk mixtape series, a fifth installment was planned for release on January 15, 2002, however the album's release was cancelled.