Able Faith INC EIN 85-1462863 Form 990 (PDF) Claim this org

Able Faith INC

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Offers community and life-changing programs for people with neurological disabilities and their caregivers. For fiscal year 2025 it reported $226K in revenue, $172K in expenses, and $184K in net assets.Pt I

Type
Public charity (501(c)(3)) · Health Care
Location
Allen, TX
Website
www.ablefaith.org
Filings
3 on file (2023–2025)
Revenue
$226KFY2025
Expenses
$172K
Net assets
$184K
People
6
Filings
3
Updates
0
More identity details & actions ⌄
EIN  85-1462863 Public charity (501(c)(3)) Allen, TX
Form 990 (PDF)
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Size
$100K–1M
What they do
Offers community and life-changing programs for people with neurological disabilities and their caregivers.
Leadership
Bruce Patel · Chairman
Money in and out
$226K revenue, $172K expenses
Bottom line
64% program efficiency
Where the money goes · FY2025
Total revenue
$226K
Pt VIII · Ln 12
Total expenses
$172K
Pt IX · Ln 25
Net assets
$184K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $53K
Where spending went · Part IX cols B–D
Program services $0.64 Management & general $0.36
Program efficiency
64%
of spending reaches programs
Operating runway
12.8mo
months of highly liquid reserves at operating expense rate▲ +47% vs prior filing year
Surplus margin
+24%
revenue over expenses, this year▲ +250% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$226K
FY2025▲ +20%
Expenses
$172K
FY2025▲ +56%
Total assets
$184K
FY2025▲ +52%
Total liabilities
$0
FY2025
Total revenue
$226K
Pt VIII · Ln 12
Total expenses
$172K
Pt IX · Ln 25
Net assets
$184K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$53K
Total assetsPt X · Ln 16$184K
Program-expense ratioPt IX · col B64%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 46
Mission & Programs · Part III

Where the work happens

1 program service account for $28K of program spending, described in the organization's own filed words · FY2025.
01

Physical Therapy services for physically disabled individuals.

$28Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CAble Faith INC
EINHdr · item D85-1462863
Principal addressHdr · item CAllen, TX
WebsiteHdr · item Jwww.ablefaith.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MTX
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHealth Care (E50)
Ruling yearIRS BMFJul 2020

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1b6
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Chairman
$0Pt VII · Sec A
Founderpresident
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A

Jose Martinez’s $17K as Founder is at the 10th percentile of top reported officer pay among 1966 $100K–1M health care nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

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Statement of Revenue

Part VIII
Contributions & grants$218K · 97%
Program service revenue$5K · 2%
Investment income$2K · 1%
Contributions & grants97%$218K
Program service revenue2%$5K
Investment income1%$2K
Total revenueLn 12$226K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.64 Management & general $0.36
Program services64%$110K
Management & general36%$63K
Total functional expensesLn 25$172K

Balance Sheet

Part X · end of year
CashLn 1$184K
Total assetsLn 16$184K
Total liabilitiesLn 26$0
Total net assetsLn 32$184K
Months of cash on handcomputed12.8

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $184K · Operating expenses/yr $172K
12.8 months
Where the money goes
Program services
Program services $110K · Total expenses $172K
64%
Management & General
Management & general $63K · Total expenses $172K
36%
Fundraising
Fundraising $0 · Total expenses $172K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $7K · Solicited contributions (2-yr avg) $213K
$0.03 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $218K · Total revenue $226K
97%
Government reliance
Government grants — · Total revenue $226K
Earned-income share
Program service revenue $5K · Total revenue $226K
2%
Investment reliance
Investment income $2K · Total revenue $226K
+1%
Program self-sufficiency
Program service revenue $5K · Total expenses $172K
3%
Growth & trend
Revenue growth (YoY)
This year $226K · Prior year $188K
+20%
Net-asset trend (YoY)
End of year $184K · Beginning of year $127K
+45%
Balance sheet
Surplus Margin
Revenue $226K · Expenses $172K
+24%
Liabilities-to-Assets
Total liabilities $0 · Total assets $184K
0%
Net-asset ratio
Net assets $184K · Total assets $184K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $184K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Bruce Patel · Reported title Chairman · Highest reported compensation $0 · Total expenses $172K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $71K · Total expenses $172K
41%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 64%
Overhead ratio 36%
Fundraising cost ratio 0%
Revenue growth 20%
Accounting fee ratio 2%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 4 funders →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$226K revenue · viewing · ⤓ 990 PDF
FY2024$188K revenue · ⤓ 990 PDF
FY2023$218K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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