Faith in Action Inc

Analysis

Faith in Action Inc is a registered charity in United States, based in Chelsea, MI. It received its IRS tax-exemption ruling in September 1983, 43 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Faith in Action Inc reported income of $1.3m and spending of $1.1m, spending 87% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.1m to $1.3m (+24%), an average of +5.5% a year. The sharpest change came in the year to September 2023, when income rose by 46%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Faith in Action Inc sits at the 79th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within MI. Charities of a similar size with the same main cause include Bear-O Care ($1.3m), Giggles & Grace Early Learning Center ($1.3m) and Eagle Valley Child Care Association ($1.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $87k (7.6% of expenses). Other salaries and wages came to $232k. At year end it held assets of $1.3m against liabilities of $25k, net assets of $1.3m. It reported 10 employees.