Faith in Action Network

Analysis

Faith in Action Network is a registered charity in United States, based in Oakland, CA. It received its IRS tax-exemption ruling in December 1973, 53 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, Faith in Action Network reported income of $11.4m and spending of $18.8m, spending 164% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $21.1m to $11.4m (-46%), an average of -14% a year. The sharpest change came in the year to December 2023, when income dropped by 70%. Over the whole period it spent 97% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Faith in Action Network sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within CA. Charities of a similar size with the same main cause include Electrical Industry Apprentice Trai Ning Program ($11.4m), Southern Indiana Resource Solutions Inc ($11.5m) and Virginia Organizing Inc ($11.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 3.4% of the total. Compensation of current officers, directors and key employees was $609k (3.2% of expenses). Other salaries and wages came to $5.9m. At year end it held assets of $21.9m against liabilities of $2.7m, net assets of $19.2m. It reported 60 employees.