Faith in Action Inc

Analysis

Faith in Action Inc is a registered charity in United States, based in Hobbs, NM. It received its IRS tax-exemption ruling in March 1998, 28 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 Inc reported income of $98k and spending of $86k, spending 87% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $89k to $98k (+10%), an average of +10% a year. Over the whole period it spent 93% 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 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 32nd percentile within NM. Charities of a similar size with the same main cause include Howard County Resource Center ($98k), Edinburgh USA Pro-Am Foundation ($98k) and Common Place Inc ($98k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 40% of the total. At year end it held assets of $359k against liabilities of $89k, net assets of $271k.