Faith Acres Foundation
Faith Acres Foundation maintains stable operations with no reported officer compensation and growing assets.
EIN: 205891871 · Island Lake, IL · NTEE: X20 · Updated: 2026-03-28
Is Faith Acres Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Faith Acres Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Faith Acres Foundation
Faith Acres Foundation (EIN: 205891871) is a nonprofit organization based in Island Lake, IL, classified under NTEE code X20. The organization reported total revenue of $3.2M and total assets of $183K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Faith Acres Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Faith Acres Foundation is a mid-size nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 25.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.4M |
| Total Expenses | $3.4M |
| Surplus / Deficit | $-1,952 |
| Total Assets | $276K |
| Total Liabilities | $92K |
| Net Assets | $184K |
| Operating Margin | -0.1% |
| Debt-to-Asset Ratio | 33.3% |
| Months of Reserves | 1.0 months |
Financial Health Grade: C
In 2023, Faith Acres Foundation reported a deficit of $2K with expenses exceeding revenue, holds 1.0 months of operating reserves (limited), has a debt-to-asset ratio of 33.3% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Faith Acres Foundation's revenue has grown at a compound annual growth rate (CAGR) of 25.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +15.3% | +16.0% | +29.1% |
| 2022 | -22.0% | -20.2% | -3.3% |
| 2021 | +43.6% | +41.5% | +44.1% |
| 2020 | +98.8% | +95.3% | +203.9% |
| 2019 | +8.1% | +10.6% | -3.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7210 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Faith Acres Foundation with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Faith Acres Foundation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $2K, with expenses exceeding revenue.
- Debt-to-asset ratio: 33.3%.
Executive Compensation Analysis
Faith Acres Foundation consistently reports 0% officer compensation across all available filings, indicating that its leadership may be entirely volunteer-based or compensated through non-officer categories, which is highly unusual for an organization with over $3 million in annual revenue.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Faith Acres Foundation's IRS 990 filings:
- Lack of detailed functional expense breakdown (program, admin, fundraising) makes full efficiency assessment difficult.
- Unusually consistent 0% officer compensation for an organization of this size could indicate compensation is reported in other categories, potentially obscuring true leadership costs.
Strengths
The following positive indicators were identified for Faith Acres Foundation:
- Consistent revenue growth, from $844,677 in 2014 to over $3 million in recent years, demonstrating strong donor support.
- Stable financial operations with expenses generally aligning closely with revenues, indicating sound budgeting.
- Significant asset growth over time, from $28,108 in 2015 to $276,170 in 2023, enhancing organizational capacity.
- Consistent IRS 990 filing history (13 filings), indicating strong regulatory compliance and transparency.
- No reported officer compensation, suggesting a high dedication of resources directly to mission or volunteer leadership.
Frequently Asked Questions about Faith Acres Foundation
Is Faith Acres Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Faith Acres Foundation (EIN: 205891871) some concerns. Mission Score: 85/100. 2 red flags identified, 5 strengths noted.
How does Faith Acres Foundation spend its money?
Faith Acres Foundation directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Faith Acres Foundation tax-deductible?
Faith Acres Foundation is registered as a tax-exempt nonprofit (EIN: 205891871). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Faith Acres Foundation manage to operate with 0% reported officer compensation?
The consistent reporting of 0% officer compensation across all filings suggests that the organization's leadership may be entirely volunteer-based, or their compensation is categorized differently within the IRS 990, such as through independent contractor fees, which would not appear under 'officer compensation'.
What are the primary program activities of Faith Acres Foundation?
Based on the NTEE code X20 (Religious, Spiritual, and Humanistic Organizations, n.e.c.), Faith Acres Foundation likely engages in a broad range of religious or spiritual activities. However, without specific program expense details, the exact nature of their primary activities cannot be determined from the provided financial data.
Is the organization's asset growth sustainable?
The organization's assets have grown significantly from $28,108 in 2015 to $276,170 in 2023, alongside consistent revenue generation. This growth appears sustainable given their operational stability and consistent revenue streams, indicating a healthy financial trajectory.
What is the organization's strategy for managing liabilities?
Liabilities have fluctuated, for example, from $14,786 in 2015 to $92,012 in 2023. While they have increased, they remain a relatively small portion of total assets ($92,012 liabilities vs. $276,170 assets in 2023), suggesting a conservative approach to debt or effective management of short-term obligations.
Filing History
IRS 990 filing history for Faith Acres Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Faith Acres Foundation's revenue has grown by 1492.3%, moving from $213K to $3.4M. Total assets increased by 2012.7% over the same period, from $13K to $276K. Total functional expenses rose by 1363.8%, from $232K to $3.4M. In its most recent filing year (2023), Faith Acres Foundation reported a deficit of $2K, with expenses exceeding revenue. The organization holds $92K in liabilities against $276K in assets (debt-to-asset ratio: 33.3%), resulting in net assets of $184K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.4M | $3.4M | $276K | $92K | — | View 990 |
| 2022 | $2.9M | $2.9M | $214K | $28K | — | View 990 |
| 2021 | $3.8M | $3.7M | $221K | $50K | — | View 990 |
| 2020 | $2.6M | $2.6M | $154K | $92K | — | View 990 |
| 2019 | $1.3M | $1.3M | $51K | $23K | — | View 990 |
| 2018 | $1.2M | $1.2M | $52K | $18K | — | View 990 |
| 2017 | $1.1M | $1.1M | $49K | $36K | — | — |
| 2016 | $1.7M | $1.7M | $44K | $31K | — | View 990 |
| 2015 | $1.3M | $1.3M | $28K | $15K | — | View 990 |
| 2014 | $845K | $860K | $82K | $20K | — | View 990 |
| 2013 | $934K | $876K | $90K | $13K | — | View 990 |
| 2012 | $516K | $493K | $20K | $915 | — | View 990 |
| 2011 | $213K | $232K | $13K | $17K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.4M, expenses of $3.4M, and assets of $276K (revenue +15.3% year-over-year).
- 2022: Revenue of $2.9M, expenses of $2.9M, and assets of $214K (revenue -22.0% year-over-year).
- 2021: Revenue of $3.8M, expenses of $3.7M, and assets of $221K (revenue +43.6% year-over-year).
- 2020: Revenue of $2.6M, expenses of $2.6M, and assets of $154K (revenue +98.8% year-over-year).
- 2019: Revenue of $1.3M, expenses of $1.3M, and assets of $51K (revenue +8.1% year-over-year).
- 2018: Revenue of $1.2M, expenses of $1.2M, and assets of $52K (revenue +11.7% year-over-year).
- 2017: Revenue of $1.1M, expenses of $1.1M, and assets of $49K (revenue -34.9% year-over-year).
- 2016: Revenue of $1.7M, expenses of $1.7M, and assets of $44K (revenue +29.2% year-over-year).
- 2015: Revenue of $1.3M, expenses of $1.3M, and assets of $28K (revenue +53.6% year-over-year).
- 2014: Revenue of $845K, expenses of $860K, and assets of $82K (revenue -9.5% year-over-year).
- 2013: Revenue of $934K, expenses of $876K, and assets of $90K (revenue +81.0% year-over-year).
- 2012: Revenue of $516K, expenses of $493K, and assets of $20K (revenue +142.5% year-over-year).
- 2011: Revenue of $213K, expenses of $232K, and assets of $13K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Faith Acres Foundation:
Data Sources and Methodology
This transparency report for Faith Acres Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.