Faith in Action in Red Wing

Analysis

Faith in Action in Red Wing is a registered charity in United States, based in Red Wing, MN. It received its IRS tax-exemption ruling in February 1999, 27 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 December 2023, Faith in Action in Red Wing reported income of $95k and spending of $111k, spending 117% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $67k to $95k (+40%), an average of +40% a year. The sharpest change came in the year to December 2023, when income rose by 40%. Over the whole period it spent 113% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Faith in Action in Red Wing sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 33rd percentile within MN. Charities of a similar size with the same main cause include Honoring Heroes ($95k), The Samaritan Group ($95k) and Talkeetna Bachelor Society Inc ($95k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 5.9% of the total. At year end it held assets of $136k against liabilities of $1,348, net assets of $135k.