Faith In Action Inc
- Assets
- $365.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 10
- Location
- Hobbs, NM
- Founding
- 03/1998
- Data as of
- 12/2020
- 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 12/2021, 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 12/2020, Faith In Action Inc generated $68.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (11.7%) each year. All expenses for the organization totaled $71.3k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (7.3%) per year over the past 6 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
2020
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 Vice President | 2 | $0 | |
Gussie Black Secretary | 2 | $0 | |
Bobby Shaw Director | 2 | $0 | |
Lorrie Tramell Director | 2 | $0 | |
Shannon Bush Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $51,710 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $81 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $16,596 |
| Other Revenue | $0 |
| Total Revenue | $68,387 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $30,741 |
| Professional fees and other payments to independent contractors | $4,326 |
| Occupancy, rent, utilities, and maintenance | $6,479 |
| Printing, publications, postage, and shipping | $213 |
| Other expenses | $29,496 |
| Total expenses | $71,255 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $140,173 |
| Other assets | $0 |
| Total assets | $365,031 |
| Total liabilities | $113,854 |
| Net assets or fund balances | $251,177 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Faith In Action Inc has recieved totaling $12,083.
| Awarding Organization | Amount |
|---|---|
United Way Of Lea County Inc Hobbs, NM PURPOSE: FURTHER ORG MISSION | $12,083 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Memorial Assistance Ministries Inc Houston, TX | $12,620,656 | $8,704,582 |
Emergency Family Assistance Association Inc Boulder, CO | $12,859,983 | $10,003,728 |
Healthcare For The Homeless-Houston Houston, TX | $9,738,330 | $7,057,693 |
Nourishphx Phoenix, AZ | $2,191,792 | $7,784,112 |
Cornerstone Assistance Network Inc Fort Worth, TX | $6,473,488 | $6,928,385 |
Community Services Of Broomfield Inc Broomfield, CO | $1,597,833 | $6,420,444 |
Goodness Outreach Depot Haslet, TX | $63,576 | $5,040,175 |
Reach Out America Intnl Inc League City, TX | $82,428 | $5,177,951 |
Humble Area Assistance Ministries Humble, TX | $3,384,410 | $5,119,606 |
Second Mile Misson Center Missouri City, TX | $4,251,763 | $6,186,736 |
Twin City Mission Bryan, TX | $7,381,064 | $5,288,388 |
Arlington Charities Inc Arlington, TX | $1,224,245 | $5,005,131 |