Michigan Faith in Action

Analysis

Michigan Faith in Action is a registered charity in United States, based in Flint, MI. It received its IRS tax-exemption ruling in September 2006, 20 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Michigan Faith in Action reported income of $183k and spending of $230k, spending 126% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $184k to $183k (-0.3%), an average of -0.1% a year. The sharpest change came in the year to December 2020, when income rose by 206%. Over the whole period it spent 86% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Michigan Faith in Action sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 51st percentile within MI. Charities of a similar size with the same main cause include Duplessy Foundation ($183k), Business & Consumer FNDTN of the Better BSNSS Bureau of the Denver ($183k) and Greencastle-Putnam County Development Center Inc ($183k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $60k (26% of expenses). Other salaries and wages came to $55k. At year end it held assets of $334k against liabilities of $2,257, net assets of $332k. It reported 2 employees.