Favored Inc
- Assets
- $1.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Calumet City, IL
- Founding
- 06/2016
- Data as of
- 12/2017
- EIN
- 47-4666392
Organization Overview
Favored Inc is located in Calumet City, IL. The organization was established in 2016. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Favored 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 12/2017, Favored Inc generated $749.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (42.0%) each year. All expenses for the organization totaled $1.1k during the year ending 12/2017. You can explore the organizations financials more deeply in the financial statements section below.
Limited Data Available: This organization filed their most recent 990 in paper format. This filing methodology limits the information that can be extracted from the filing.Limited Data Available: This organization is one of the few in our database that filed their most recent 990 with the IRS in paper format. This filing methodology limits the information that can be extracted from the filing. This will, however, be changing soon; The IRS now requires all organizations to file their 990s electronically.
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PDF Copies of 990 Filings
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $629 |
| Total Program Service Revenue | $0 |
| Membership dues | $120 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $749 |
| Statement of Expenses | |
|---|---|
| Total expenses | $1,104 |
| Balance Sheet | |
|---|---|
| Total assets | $1,483 |
| Total liabilities | $1,104 |
| Net assets or fund balances | $379 |
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