Faith Ministries Inc
- Assets
- $131.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Tupelo, MS
- Founding
- 09/1974
- Data as of
- 02/2023
- EIN
- 23-7411639
Organization Overview
Faith Ministries Inc is located in Tupelo, MS. The organization was established in 1974. According to its NTEE Classification (X21) the organization is classified as: Protestant, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Faith Ministries Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 02/2023, Faith Ministries Inc generated $140.9k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $141.8k during the year ending 02/2023. While expenses have increased by 3.4% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
CHRISTIAN BASED COUNSELING: PROVIDING COUNSELING SERVICES IN THE AREA OF MARRIAGE AND PERSONAL FINANCES. THERE IS NO CHARGE FOR THESE SERVICES. VOLUNTEER COUNSELORS PROVIDES THEIR SERVICES AT NO COST TO THE MINISTRY. THE MINISTRY IS SUPPORT BY DONATIONS IN THE FORM OF LOVE GIFTS. (1200 FAMILIES AND/OR INDIVIDUALS)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Binford Turnage Vice Director | 0 | $0 | |
Bill Hardin Treasurer | 2 | $0 | |
William Opie Hurst Executive Director | 45 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $140,897 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $140,897 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $15,922 |
| Printing, publications, postage, and shipping | $3,341 |
| Other expenses | $122,577 |
| Total expenses | $141,840 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $1,648 |
| Other assets | $0 |
| Total assets | $131,140 |
| Total liabilities | $0 |
| Net assets or fund balances | $131,140 |
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