Faithworks of Abilene Inc

Analysis

Faithworks of Abilene Inc is a registered charity in United States, based in Abilene, TX. It received its IRS tax-exemption ruling in October 2003, 23 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Faithworks of Abilene Inc reported income of $261k and spending of $285k, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $394k to $261k (-34%), an average of -9.8% a year. The sharpest change came in the year to December 2020, when income dropped by 31%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Faithworks of Abilene Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 63rd percentile within TX. Charities of a similar size with the same main cause include Columbia STEM Alliance Foundation ($261k), Parent Booster USA Inc ($261k) and Indian Prairie Educational Foundation ($261k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% of the total. Other salaries and wages came to $151k. At year end it held assets of $131k against liabilities of $6,477, net assets of $125k. It reported 8 employees.