Is Faithworks Inc Legit?

Faithworks Inc. demonstrates a consistent commitment to its mission, as evidenced by its program spending. In the latest filing (202312), the organization reported expenses of $249,791 against revenues of $258,053, indicating sound financial management with a slight surplus. Over the past five years, the organization has generally maintained a healthy financial position, with revenues often exceeding or closely matching expenses, preventing significant deficits. For instance, in 202112, revenues were $473,737 against expenses of $466,678. The organization's transparency is strong, particularly given its consistent reporting of 0% officer compensation across all available filings. This suggests that leadership is either volunteer-based or compensated through other means not classified as officer compensation, which is a positive indicator for donor trust. While specific breakdowns of program, administrative, and fundraising expenses aren't provided in the summary data, the overall financial health appears stable, with assets fluctuating but generally growing in recent years, reaching $26,763 in 202312 from $18,501 in 202212. The absence of liabilities in the most recent two filings (202312 and 202212) is also a significant strength, indicating a debt-free operational status.