Faith Indeed Foundation Inc
EIN: 710915521 · Madison, MS · NTEE: X12
| Metric | Value |
|---|---|
| Total Revenue | $4K |
| Total Expenses | $2K |
| Net Assets | $6K |
Is Faith Indeed Foundation Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Faith Indeed Foundation Inc
Faith Indeed Foundation Inc (EIN: 710915521) is a nonprofit organization based in Madison, MS, classified under NTEE code X12. The organization reported total revenue of $4K and total assets of $7K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Faith Indeed Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Faith Indeed Foundation Inc is a micro nonprofit that has been operating for 23 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of -8.4%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $2K |
| Total Expenses | $2K |
| Surplus / Deficit | +$0 |
| Total Assets | $6K |
| Net Assets | $6K |
| Operating Margin | 0.0% |
| Months of Reserves | 35.0 months |
Financial Health Grade: A
In 2024, Faith Indeed Foundation Inc reported a surplus of $0 with revenue exceeding expenses, holds 35.0 months of operating reserves (strong position).
Financial Trends
Over 14 years of filings (2011–2024), Faith Indeed Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -8.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +0.0% | -2.4% | +0.0% |
| 2023 | +100.0% | -0.4% | -0.8% |
| 2022 | +100.0% | +0.3% | -15.2% |
| 2021 | -94.5% | +2.6% | -18.3% |
| 2020 | +107.1% | -56.1% | +336.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7100 |
| IRS Ruling Date | 2003 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Faith Indeed Foundation Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Faith Indeed Foundation Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $0, with revenue exceeding expenses.
Frequently Asked Questions about Faith Indeed Foundation Inc
Is Faith Indeed Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Faith Indeed Foundation Inc (EIN: 710915521) insufficient data. 0 red flags identified, 0 strengths noted.
How does Faith Indeed Foundation Inc spend its money?
Detailed spending breakdown data is not yet available for Faith Indeed Foundation Inc. Check back for updated IRS 990 analysis.
Are donations to Faith Indeed Foundation Inc tax-deductible?
Faith Indeed Foundation Inc is registered as a tax-exempt nonprofit (EIN: 710915521). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Faith Indeed Foundation Inc located?
Faith Indeed Foundation Inc is headquartered in Madison, Mississippi and files with the IRS under EIN 710915521. It is classified under NTEE code X12.
How many years of IRS 990 filings does Faith Indeed Foundation Inc have?
Faith Indeed Foundation Inc has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $4K in total revenue.
Filing History
IRS 990 filing history for Faith Indeed Foundation Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Faith Indeed Foundation Inc's revenue has declined by 68%, moving from $6K to $2K. Total assets increased by 13.4% over the same period, from $5K to $6K. Total functional expenses fell by 60.4%, from $5K to $2K. In its most recent filing year (2024), Faith Indeed Foundation Inc reported a surplus of $0, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $2K | $2K | $6K | $0 | — | — |
| 2023 | $2K | $2K | $6K | $0 | — | View 990 |
| 2022 | $1K | $2K | $6K | $0 | — | — |
| 2021 | $500 | $2K | $7K | $0 | — | View 990 |
| 2020 | $9K | $2K | $9K | $0 | — | View 990 |
| 2019 | $4K | $5K | $2K | $0 | — | View 990 |
| 2018 | $3K | $5K | $2K | $0 | — | View 990 |
| 2017 | $6K | $5K | $5K | $0 | — | View 990 |
| 2016 | $6K | $7K | $4K | $0 | — | View 990 |
| 2015 | $6K | $5K | $5K | $0 | — | View 990 |
| 2014 | $4K | $4K | $4K | $0 | — | View 990 |
| 2013 | $6K | $7K | $4K | $0 | — | View 990 |
| 2012 | $5K | $5K | $5K | $0 | — | View 990 |
| 2011 | $6K | $5K | $5K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $2K, expenses of $2K, and assets of $6K (revenue +0.0% year-over-year).
- 2023: Revenue of $2K, expenses of $2K, and assets of $6K (revenue +100.0% year-over-year).
- 2022: Revenue of $1K, expenses of $2K, and assets of $6K (revenue +100.0% year-over-year).
- 2021: Revenue of $500, expenses of $2K, and assets of $7K (revenue -94.5% year-over-year).
- 2020: Revenue of $9K, expenses of $2K, and assets of $9K (revenue +107.1% year-over-year).
- 2019: Revenue of $4K, expenses of $5K, and assets of $2K (revenue +43.6% year-over-year).
- 2018: Revenue of $3K, expenses of $5K, and assets of $2K (revenue -45.6% year-over-year).
- 2017: Revenue of $6K, expenses of $5K, and assets of $5K (revenue -5.5% year-over-year).
- 2016: Revenue of $6K, expenses of $7K, and assets of $4K (revenue +4.8% year-over-year).
- 2015: Revenue of $6K, expenses of $5K, and assets of $5K (revenue +54.8% year-over-year).
- 2014: Revenue of $4K, expenses of $4K, and assets of $4K (revenue -33.7% year-over-year).
- 2013: Revenue of $6K, expenses of $7K, and assets of $4K (revenue +3.7% year-over-year).
- 2012: Revenue of $5K, expenses of $5K, and assets of $5K (revenue -14.2% year-over-year).
- 2011: Revenue of $6K, expenses of $5K, and assets of $5K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Faith Indeed Foundation Inc:
Data Sources and Methodology
This transparency report for Faith Indeed Foundation Inc 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.