Faithworks Inc
Faithworks Inc consistently generates revenue surpluses and has zero reported officer compensation.
EIN: 113821376 · Cincinnati, OH · NTEE: L99 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $669K |
| Total Expenses | $605K |
| Program Spending | 85% |
| Net Assets | $309K |
| Transparency Score | 90/100 |
Is Faithworks Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Faithworks Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Faithworks Inc
Faithworks Inc (EIN: 113821376) is a nonprofit organization based in Cincinnati, OH, classified under NTEE code L99. The organization reported total revenue of $669K and total assets of $309K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Faithworks Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Faithworks Inc is a small nonprofit that has been operating for 18 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of 11.5%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $669K |
| Total Expenses | $605K |
| Surplus / Deficit | +$64K |
| Total Assets | $309K |
| Net Assets | $309K |
| Operating Margin | 9.5% |
| Months of Reserves | 6.1 months |
Financial Health Grade: A
In 2022, Faithworks Inc reported a surplus of $64K with revenue exceeding expenses, holds 6.1 months of operating reserves (strong position).
Financial Trends
Over 12 years of filings (2011–2022), Faithworks Inc's revenue has grown at a compound annual growth rate (CAGR) of 11.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +0.9% | -5.6% | +732.9% |
| 2021 | -9.0% | +1.7% | -67.4% |
| 2020 | +6.0% | -7.0% | +581.2% |
| 2019 | -3.6% | -1.8% | -56.7% |
| 2018 | +6.4% | +4.1% | +65.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
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 Faithworks Inc with a Mission Score of 90 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, Faithworks Inc 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 (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $64K, with revenue exceeding expenses.
Executive Compensation Analysis
Faithworks Inc reports 0% officer compensation across all available filings, indicating that no funds are allocated to executive salaries, which is highly unusual and suggests a volunteer-led or very lean operational structure at the top.
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 Faithworks Inc's IRS 990 filings:
- Lack of detail on program spending breakdown within available data (though overall efficiency is high)
- Unusually low asset base for an organization of its revenue size in earlier years, though this has significantly improved in 2022
Strengths
The following positive indicators were identified for Faithworks Inc:
- Consistent positive net income across all reported periods
- Zero reported officer compensation, indicating high dedication to mission
- Zero liabilities reported across all filings, demonstrating strong financial health
- Significant growth in assets in the most recent filing (2022: $308,965 from $37,094 in 2021)
- Revenue consistently exceeds expenses, showing efficient financial management
Frequently Asked Questions about Faithworks Inc
Is Faithworks Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Faithworks Inc (EIN: 113821376) some concerns. Mission Score: 90/100. 2 red flags identified, 5 strengths noted.
How does Faithworks Inc spend its money?
Faithworks Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Faithworks Inc tax-deductible?
Faithworks Inc is registered as a tax-exempt nonprofit (EIN: 113821376). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Faithworks Inc's spending goes to programs?
Faithworks Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Faithworks Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Faithworks Inc is above average for NTEE category L99 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Faithworks Inc located?
Faithworks Inc is headquartered in Cincinnati, Ohio and files with the IRS under EIN 113821376. It is classified under NTEE code L99.
How many years of IRS 990 filings does Faithworks Inc have?
Faithworks Inc has 12 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 $669K in total revenue.
Is Faithworks Inc a good charity?
Based on the available financial data, Faithworks Inc appears to be a very good charity. It consistently generates more revenue than expenses, has zero liabilities, and reports no officer compensation, suggesting a strong commitment to its mission and efficient use of funds.
How has Faithworks Inc's financial position changed over time?
Faithworks Inc has consistently maintained a positive net income over the past decade. Notably, its assets have seen substantial growth, particularly from $37,094 in 2021 to $308,965 in 2022, indicating increasing financial strength and capacity.
What is the trend in Faithworks Inc's revenue and expenses?
Faithworks Inc's revenue has generally remained stable, fluctuating around the $600,000-$700,000 range annually. Expenses have consistently been lower than revenue, allowing the organization to build its asset base.
Filing History
IRS 990 filing history for Faithworks Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Faithworks Inc's revenue has grown by 230.7%, moving from $202K to $669K. Total assets increased by 1740.1% over the same period, from $17K to $309K. Total functional expenses rose by 202.4%, from $200K to $605K. In its most recent filing year (2022), Faithworks Inc reported a surplus of $64K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $669K | $605K | $309K | $0 | — | View 990 |
| 2021 | $663K | $641K | $37K | $0 | — | View 990 |
| 2020 | $729K | $630K | $114K | $0 | — | — |
| 2019 | $688K | $678K | $17K | $0 | — | View 990 |
| 2018 | $714K | $690K | $39K | $0 | — | View 990 |
| 2017 | $671K | $663K | $23K | $0 | — | — |
| 2016 | $583K | $572K | $25K | $0 | — | View 990 |
| 2015 | $607K | $597K | $25K | $0 | — | View 990 |
| 2014 | $547K | $540K | $29K | $0 | — | View 990 |
| 2013 | $434K | $427K | $22K | $0 | — | View 990 |
| 2012 | $202K | $200K | $20K | $0 | — | View 990 |
| 2011 | $202K | $200K | $17K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $669K, expenses of $605K, and assets of $309K (revenue +0.9% year-over-year).
- 2021: Revenue of $663K, expenses of $641K, and assets of $37K (revenue -9.0% year-over-year).
- 2020: Revenue of $729K, expenses of $630K, and assets of $114K (revenue +6.0% year-over-year).
- 2019: Revenue of $688K, expenses of $678K, and assets of $17K (revenue -3.6% year-over-year).
- 2018: Revenue of $714K, expenses of $690K, and assets of $39K (revenue +6.4% year-over-year).
- 2017: Revenue of $671K, expenses of $663K, and assets of $23K (revenue +15.1% year-over-year).
- 2016: Revenue of $583K, expenses of $572K, and assets of $25K (revenue -3.9% year-over-year).
- 2015: Revenue of $607K, expenses of $597K, and assets of $25K (revenue +10.9% year-over-year).
- 2014: Revenue of $547K, expenses of $540K, and assets of $29K (revenue +26.1% year-over-year).
- 2013: Revenue of $434K, expenses of $427K, and assets of $22K (revenue +114.6% year-over-year).
- 2012: Revenue of $202K, expenses of $200K, and assets of $20K (revenue +0.0% year-over-year).
- 2011: Revenue of $202K, expenses of $200K, and assets of $17K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Faithworks Inc:
Data Sources and Methodology
This transparency report for Faithworks 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.