Faith In Action Inc
- Assets
- $354.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 10
- Location
- Hobbs, NM
- Founding
- 03/1998
- Data as of
- 12/2022
- EIN
- 85-0448035
Organization Overview
Faith In Action Inc is located in Hobbs, NM. The organization was established in 1998. According to its NTEE Classification (P60) the organization is classified as: Emergency Assistance, under the broad grouping of Human Services and related organizations. As of 12/2023, Faith In Action Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Faith In Action 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, Faith In Action Inc generated $88.6k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.8%) each year. All expenses for the organization totaled $88.5k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (3.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
ASSIST THE ELDERLY AND LOW INCOME INDIVIDUALS IN OBTAINING LIFE-SUSTAINING MEDICATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patricia Humphrey President | 2 | $0 | |
Hayden Andrews Director | 2 | $0 | |
Gussie Black Secretary | 2 | $0 | |
Bobby Shaw Director | 2 | $0 | |
Kim Ryan Director | 2 | $0 | |
Gretchen Koether Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $62,376 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $79 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $26,135 |
| Other Revenue | $0 |
| Total Revenue | $88,590 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $42,098 |
| Professional fees and other payments to independent contractors | $4,323 |
| Occupancy, rent, utilities, and maintenance | $8,625 |
| Printing, publications, postage, and shipping | $357 |
| Other expenses | $33,066 |
| Total expenses | $88,469 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $121,218 |
| Other assets | $0 |
| Total assets | $353,964 |
| Total liabilities | $95,612 |
| Net assets or fund balances | $258,352 |