FAITH IN ACTION NETWORK
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$18,691,980
Investments
63%
Cash & Equivalents
26%
Receivables (Non-Related)
10%
Other Assets
<1%
Related-Party Receivables
0%
Inventories
0%
Prepaid Expenses
0%
Property, Plant, & Equipment (net)
0%
Liabilities in 2024 (Year End)
$521,428
Payables & Accruals
>99%
Grants Payable
0%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Other Liabilities
0%
Assets
2023
2024
Change
Cash & Equivalents
$6,834,784
$4,917,336
-28%
Receivables (Non-Related)
$4,514,330
$1,919,100
-57%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
-
-
-
Investments
$10,533,271
$11,747,070
+12%
Property, Plant, & Equipment (net)
-
-
-
Other Assets
$22,715
$108,474
+378%
Total Assets
$21,905,100
$18,691,980
-15%
Liabilities
2023
2024
Change
Payables & Accruals
-$718,886
$521,428
-173%
Grants Payable
-
-
-
Deferred Revenue
$3,220,343
$0
-100%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$225,133
$0
-100%
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$2,726,590
$521,428
-81%
Net assets
2023
2024
Change
Restricted Net Assets
$17,673,056
$11,304,020
-36%
Unrestricted Net Assets
$1,505,454
$6,866,532
+356%
Net assets
2023
2024
Change
Net assets
+$19,178,510
+$18,170,552
-5%
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