Have Faith Community Development Corporation
Have Faith Community Development Corporation shows fluctuating revenue and expenses, with no officer compensation reported.
EIN: 20698186 · Alcolu, SC · NTEE: P20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $359K |
| Total Expenses | $138K |
| Program Spending | 90% |
| Net Assets | $105K |
| Transparency Score | 70/100 |
Is Have Faith Community Development Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Have Faith Community Development Corporation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Have Faith Community Development Corporation
Have Faith Community Development Corporation (EIN: 20698186) is a nonprofit organization based in Alcolu, SC, classified under NTEE code P20. The organization reported total revenue of $359K and total assets of $188K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Have Faith Community Development Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Have Faith Community Development Corporation is a small nonprofit that has been operating for 23 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 7.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $150K |
| Total Expenses | $138K |
| Surplus / Deficit | +$12K |
| Total Assets | $105K |
| Net Assets | $105K |
| Operating Margin | 8.2% |
| Months of Reserves | 9.2 months |
Financial Health Grade: A
In 2023, Have Faith Community Development Corporation reported a surplus of $12K with revenue exceeding expenses, holds 9.2 months of operating reserves (strong position).
Financial Trends
Over 14 years of filings (2010–2023), Have Faith Community Development Corporation's revenue has grown at a compound annual growth rate (CAGR) of 7.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -100.0% | -5.9% | +2530.2% |
| 2021 | +21.2% | +14.8% | +1.9% |
| 2020 | -84.0% | -82.6% | -25.6% |
| 2019 | +468.4% | +449.5% | — |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2003 |
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 Have Faith Community Development Corporation with a Mission Score of 70 out of 100 (Good). 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: 90%
- fundraising: 0%
According to IRS 990 filings, Have Faith Community Development Corporation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 surplus of $12K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's leadership is either unpaid or compensated through non-officer roles, which is highly unusual for an organization with its revenue levels and suggests a volunteer-driven model.
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 Have Faith Community Development Corporation's IRS 990 filings:
- Significant year-to-year revenue volatility (e.g., $0 in 2022 after $27,203 in 2021, then $150,127 in 2023).
- Lack of detailed expense breakdown in provided data, making efficiency analysis difficult.
- Zero reported officer compensation, which, while potentially positive, can also indicate reliance on unpaid labor or an unusual compensation structure for an organization of this size.
Strengths
The following positive indicators were identified for Have Faith Community Development Corporation:
- Consistent IRS 990 filing history (14 filings) demonstrates commitment to compliance.
- Zero reported liabilities across all periods indicates strong financial management and no debt burden.
- Consistent reporting of 0% officer compensation suggests resources are directed away from executive salaries.
- Positive asset growth from $1 in 2015 to $105,477 in 2023, indicating some capacity building.
Frequently Asked Questions about Have Faith Community Development Corporation
Is Have Faith Community Development Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Have Faith Community Development Corporation (EIN: 20698186) some concerns. Mission Score: 70/100. 3 red flags identified, 4 strengths noted.
How does Have Faith Community Development Corporation spend its money?
Have Faith Community Development Corporation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Have Faith Community Development Corporation tax-deductible?
Have Faith Community Development Corporation is registered as a tax-exempt nonprofit (EIN: 20698186). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Have Faith Community Development Corporation compare to similar nonprofits?
With a transparency score of 70/100 (Good), Have Faith Community Development Corporation is above average for NTEE category P20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Have Faith Community Development Corporation located?
Have Faith Community Development Corporation is headquartered in Alcolu, South Carolina and files with the IRS under EIN 20698186. It is classified under NTEE code P20.
How many years of IRS 990 filings does Have Faith Community Development Corporation have?
Have Faith Community Development Corporation 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 $359K in total revenue.
What caused the significant revenue fluctuations, such as $0 in 2022 and $150,127 in 2023?
The provided data does not specify the reasons for these fluctuations, but they could be due to grant cycles, specific project funding, or changes in fundraising efforts.
How does the organization sustain operations with zero officer compensation?
The consistent reporting of 0% officer compensation suggests that the organization relies heavily on volunteer leadership or that compensation is structured in a way not reported under 'officer compensation' on the 990 forms, which is less common for larger operations.
What are the specific programs or activities that the organization funds?
The NTEE code P20 indicates 'Housing, Shelter, & Homeless Services', but the provided financial data does not detail specific program expenditures.
What is the breakdown of the $137,759 in expenses reported in 2023?
The provided data only gives total expenses, not a detailed breakdown into program, administrative, or fundraising costs, which limits a full efficiency assessment.
How does the organization manage to maintain zero liabilities across all reported periods?
Consistently reporting zero liabilities suggests a strong cash management approach, where the organization avoids debt and pays obligations promptly, or operates on a pay-as-you-go model.
Filing History
IRS 990 filing history for Have Faith Community Development Corporation showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Have Faith Community Development Corporation's revenue has grown by 155.7%, moving from $59K to $150K. Total assets increased by 14946.6% over the same period, from $701 to $105K. Total functional expenses rose by 134.7%, from $59K to $138K. In its most recent filing year (2023), Have Faith Community Development Corporation reported a surplus of $12K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $150K | $138K | $105K | $0 | — | — |
| 2022 | $0 | $26K | $93K | $0 | — | View 990 |
| 2021 | $27K | $27K | $4K | $0 | — | View 990 |
| 2020 | $22K | $24K | $3K | $0 | — | View 990 |
| 2019 | $140K | $136K | $5K | $0 | — | View 990 |
| 2018 | $25K | $25K | $0 | $0 | — | View 990 |
| 2017 | $907 | $907 | $0 | $0 | — | View 990 |
| 2016 | $721 | $721 | $0 | $0 | — | View 990 |
| 2015 | $589 | $589 | $1 | $0 | — | View 990 |
| 2014 | $233 | $233 | $1 | $0 | — | View 990 |
| 2013 | $99K | $99K | $4K | $4K | — | View 990 |
| 2012 | $223K | $223K | $51 | $51 | — | View 990 |
| 2011 | $175K | $175K | $267 | $267 | — | View 990 |
| 2010 | $59K | $59K | $701 | $701 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $150K, expenses of $138K, and assets of $105K.
- 2022: Revenue of $0, expenses of $26K, and assets of $93K (revenue -100.0% year-over-year).
- 2021: Revenue of $27K, expenses of $27K, and assets of $4K (revenue +21.2% year-over-year).
- 2020: Revenue of $22K, expenses of $24K, and assets of $3K (revenue -84.0% year-over-year).
- 2019: Revenue of $140K, expenses of $136K, and assets of $5K (revenue +468.4% year-over-year).
- 2018: Revenue of $25K, expenses of $25K, and assets of $0 (revenue +2620.9% year-over-year).
- 2017: Revenue of $907, expenses of $907, and assets of $0 (revenue +25.8% year-over-year).
- 2016: Revenue of $721, expenses of $721, and assets of $0 (revenue +22.4% year-over-year).
- 2015: Revenue of $589, expenses of $589, and assets of $1 (revenue +152.8% year-over-year).
- 2014: Revenue of $233, expenses of $233, and assets of $1 (revenue -99.8% year-over-year).
- 2013: Revenue of $99K, expenses of $99K, and assets of $4K (revenue -55.5% year-over-year).
- 2012: Revenue of $223K, expenses of $223K, and assets of $51 (revenue +26.9% year-over-year).
- 2011: Revenue of $175K, expenses of $175K, and assets of $267 (revenue +198.9% year-over-year).
- 2010: Revenue of $59K, expenses of $59K, and assets of $701.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Have Faith Community Development Corporation:
Data Sources and Methodology
This transparency report for Have Faith Community Development Corporation 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.