Faithx Project Inc
- Assets
- $61.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lutherville, MD
- Founding
- 01/2017
- Data as of
- 12/2022
- EIN
- 81-4488713
Organization Overview
Faithx Project Inc is located in Lutherville, MD. The organization was established in 2017. According to its NTEE Classification (X99) the organization is classified as: Religion-Related N.E.C., 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. Faithx Project 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 12/2022, Faithx Project Inc generated $195.9k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 11.7% each year . All expenses for the organization totaled $239.3k during the year ending 12/2022. While expenses have increased by 14.4% per year over the past 4 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 |
|---|---|---|---|
Kenneth W Howard Board President Unpaid Executive Director Paid | 40 | $19,472 | |
David B Maglott Board Treasurer Unpaid Finance Director Unpaid | 0 | $0 | |
Darren M Slade Board Secretary Unpaid Research Director Paid | 10 | $3,150 | |
Katie Romano Griffen Board Member Unpaid | 0.5 | $0 | |
Lorenzo Lebrija Board Member Unpaid | 0.5 | $0 | |
Lawrence Clark Board Member Unpaid | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $315 |
| Total Program Service Revenue | $193,823 |
| Membership dues | $0 |
| Investment income | $9 |
| Gain or Loss | $1,778 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $195,925 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $79,160 |
| Professional fees and other payments to independent contractors | $89,389 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $185 |
| Other expenses | $70,529 |
| Total expenses | $239,263 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $51,713 |
| Other assets | $0 |
| Total assets | $61,708 |
| Total liabilities | $136,507 |
| Net assets or fund balances | -$74,799 |