Fabric Of Hope Inc
- Assets
- $11.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Livingston, AL
- Founding
- 04/2015
- Data as of
- 12/2021
- EIN
- 47-3311264
Organization Overview
Fabric Of Hope Inc is located in Livingston, AL. The organization was established in 2015. According to its NTEE Classification (X12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fabric Of Hope Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Fabric Of Hope Inc generated $72.9k in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $74.5k during the year ending 12/2021. While expenses have increased by 7.2% per year over the past 2 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Larry Barnes Board Member | 0 | $0 | |
Bonnie Faile Director | 0 | $0 | |
William S Faile Board Member | 0 | $0 | |
Wanda Faile Board Member | 0 | $0 | |
Judy Barnes Board Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $72,867 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $72,867 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $5,419 |
| Total expenses | $74,541 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $11,365 |
| Other assets | $0 |
| Total assets | $11,365 |
| Total liabilities | $0 |
| Net assets or fund balances | $11,365 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Fabric Of Hope Inc has recieved totaling $46.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $46 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Florida Methodist Foundation Inc Lakeland, FL | $285,393,023 | $7,279,427 |
Wiseheart Foundation Memphis, TN | $10,743,867 | $6,206,349 |
Global Ministries Foundation Cordova, TN | $20,808,133 | $5,793,917 |
Heart For Africa Inc Roswell, GA | $1,675,421 | $4,060,144 |
Mississippi United Methodist Foundation Inc Ridgeland, MS | $147,699,774 | -$799,975 |
National Christian Charitable Foundation Inc Knoxville, TN | $13,653,760 | $2,866,277 |
Church Loan Fund Inc Cleveland, TN | $45,949,413 | $2,026,360 |
Back To Jerusalem Inc Laurel, MS | $888,036 | $1,572,378 |
Foundation Of The Holy Apostles Inc Atlanta, GA | $31,152,603 | $274,998 |
Christian Community Foundation Of South Florida Inc Fort Lauderdale, FL | $1,841,361 | $1,712,430 |
Blood Water Mission Inc Nashville, TN | $1,496,326 | $2,219,618 |
Countryside Cares Inc Clearwater, FL | $1,000 | $1,309,043 |