Faith Action Ministry Alliance

Analysis

Faith Action Ministry Alliance is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in June 2015, 11 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 Action Ministry Alliance reported income of $910k and spending of $915k, spending 101% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $368k to $910k (+148%), an average of +20% a year. The sharpest change came in the year to December 2020, when income rose by 47%. 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 Action Ministry Alliance sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 80th percentile within FL. Charities of a similar size with the same main cause include Nancys Project ($910k), Youthspark Inc ($910k) and Samaritan Counseling Center of Southeast Texas ($910k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 24% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $55k (6.0% of expenses). Other salaries and wages came to $448k. At year end it held assets of $91k against liabilities of $37k, net assets of $54k. It reported 1 employees.