Wichita Falls Faith Mission 
The information on this page was last updated 10/11/2022. If you see errors or omissions, please email: [email protected]
Summary
Faith Mission provides meals, clothing, shelter, programs and services for men and families. Faith Refuge provides meals, clothing, shelter, programs and services for women and children. With compassion and grace, we are here to help those in need re-build their lives. With Jesus as our example and the Bible as our guide we seek to empower men and women through spiritual, professional and educational growth programs in a faith-based atmosphere.
Contact information
Mailing address:
Wichita Falls Faith Mission
PO Box 965
Wichita Falls, TX 76307
Website: faithmissionwf.org
Phone: 940-723-5663
Email: [email protected]
Organization details
EIN: 751779401
CEO/President: Steve Sparks
Chairman: Brian Blair
Board size: 11
Founder: Reverend Dick Hogan
Ruling year: 1981
Tax deductible: Yes
Fiscal year end: 06/30
Member of ECFA: Yes
Member of ECFA since: 2018
Purpose
Our vision is to eliminate homelessness.
Mission statement
Our mission is to provide Christ-centered programs and services that lead the homeless toward self-sufficiency.
This is accomplished through collaborative efforts with the community, unique social service programs, volunteers, staff, and a strong Board of Directors. We serve the homeless through two shelters, Faith Mission and Faith Refuge. All services are made possible through the generosity of individuals, churches, businesses, and foundations. Faith Resale & Donation Center also returns profits to help with operating expenses of both shelters.
Statement of faith
Donor confidence score
Transparency grade
A
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: Rescue Missions/Homeless Shelters
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 297 of 1077 | 48 of 144 |
| Fund acquisition rating | | 310 of 1078 | 36 of 144 |
| Resource allocation rating | | 174 of 1078 | 23 of 144 |
| Asset utilization rating | | 727 of 1077 | 109 of 144 |
Financial ratios
| Funding ratios | Sector median | 2021 | 2020 | 2019 | 2018 | 2017 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 10% | 6% | 8% | 8% | 9% | 10% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 8% | 6% | 7% | 7% | 9% | 10% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 93% | 94% | 87% | 93% | 96% | 95% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 10% | 7% | 8% | 8% | 9% | 10% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 7% | 6% | 13% | 7% | 4% | 5% |
| Operating ratios | Sector median | 2021 | 2020 | 2019 | 2018 | 2017 |
Program expense ratio Program expense ratio = Program services / Total expenses | 80% | 87% | 86% | 85% | 84% | 83% |
Spending ratio Spending ratio = Total expenses / Total revenue | 84% | 87% | 89% | 89% | 95% | 99% |
Program output ratio Program output ratio = Program services / Total revenue | 67% | 76% | 77% | 76% | 80% | 83% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 16% | 13% | 11% | 11% | 5% | 1% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 13% | 7% | 6% | 5% | 2% | 0% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 9% | 6% | 6% | 7% | 7% | 7% |
| Investing ratios | Sector median | 2021 | 2020 | 2019 | 2018 | 2017 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.56 | 0.43 | 0.46 | 0.42 | 0.42 | 0.41 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 2.64 | 3.39 | 3.97 | 4.85 | 6.42 | 4.83 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.59 | 1.45 | 1.81 | 2.06 | 2.70 | 1.99 |
| Liquidity ratios | Sector median | 2021 | 2020 | 2019 | 2018 | 2017 |
Current ratio Current ratio = Total current assets / Total current liabilities | 13.93 | 14.67 | 17.06 | 15.35 | 12.97 | 19.35 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.07 | 0.07 | 0.06 | 0.07 | 0.08 | 0.05 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 6.37 | 7.70 | 6.24 | 5.45 | 4.10 | 5.72 |
| Solvency ratios | Sector median | 2021 | 2020 | 2019 | 2018 | 2017 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 7% | 2% | 3% | 2% | 3% | 3% |
Debt ratio Debt ratio = Debt / Total assets | 1% | 0% | 0% | 0% | 0% | 0% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 153% | 228% | 214% | 230% | 231% | 235% |
Financials
| Balance sheet | |||||
| Assets | 2021 | 2020 | 2019 | 2018 | 2017 |
| Cash | $1,726,691 | $1,335,008 | $1,018,714 | $729,281 | $955,626 |
| Receivables, inventories, prepaids | $57,234 | $78,626 | $65,707 | $50,477 | $63,308 |
| Short-term investments | $0 | $0 | $450 | $500 | $0 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $1,783,925 | $1,413,634 | $1,084,871 | $780,258 | $1,018,934 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 |
| Fixed assets | $4,256,798 | $4,181,229 | $4,123,381 | $4,168,794 | $3,849,833 |
| Other long-term assets | $3,356 | $20,054 | $53,671 | $60,527 | $54,909 |
| Total long-term assets | $4,260,154 | $4,201,283 | $4,177,052 | $4,229,321 | $3,904,742 |
| Total assets | $6,044,079 | $5,614,917 | $5,261,923 | $5,009,579 | $4,923,676 |
| Liabilities | 2021 | 2020 | 2019 | 2018 | 2017 |
| Payables and accrued expenses | $121,567 | $82,869 | $70,675 | $60,156 | $52,658 |
| Other current liabilities | $0 | $0 | $0 | $0 | $0 |
| Total current liabilities | $121,567 | $82,869 | $70,675 | $60,156 | $52,658 |
| Debt | $0 | $0 | $0 | $0 | $0 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $17,607 | $68,802 | $52,180 | $76,007 | $100,264 |
| Total long-term liabilities | $17,607 | $68,802 | $52,180 | $76,007 | $100,264 |
| Total liabilities | $139,174 | $151,671 | $122,855 | $136,163 | $152,922 |
| Net assets | 2021 | 2020 | 2019 | 2018 | 2017 |
| Without donor restrictions | $5,751,459 | $5,388,177 | $5,081,881 | $4,817,212 | $4,715,533 |
| With donor restrictions | $153,446 | $75,069 | $57,187 | $56,204 | $55,221 |
| Net assets | $5,904,905 | $5,463,246 | $5,139,068 | $4,873,416 | $4,770,754 |
| Revenues and expenses | |||||
| Revenue | 2021 | 2020 | 2019 | 2018 | 2017 |
| Total contributions | $2,782,834 | $2,517,992 | $2,323,906 | $2,131,096 | $1,932,174 |
| Program service revenue | $18,338 | $56,240 | $9,535 | $0 | $0 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | ($12,752) | ($24,480) | $10,061 | $13,693 | $8,014 |
| Other revenue | $185,220 | $332,483 | $154,112 | $64,481 | $102,246 |
| Total other revenue | $190,806 | $364,243 | $173,708 | $78,174 | $110,260 |
| Total revenue | $2,973,640 | $2,882,235 | $2,497,614 | $2,209,270 | $2,042,434 |
| Expenses | 2021 | 2020 | 2019 | 2018 | 2017 |
| Program services | $2,263,517 | $2,205,637 | $1,901,480 | $1,759,793 | $1,691,494 |
| Management and general | $150,140 | $146,320 | $149,970 | $147,221 | $136,556 |
| Fundraising | $175,468 | $206,100 | $180,512 | $199,594 | $198,687 |
| Total expenses | $2,589,125 | $2,558,057 | $2,231,962 | $2,106,608 | $2,026,737 |
| Change in net assets | 2021 | 2020 | 2019 | 2018 | 2017 |
| Surplus (deficit) | $384,515 | $324,178 | $265,652 | $102,662 | $15,697 |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | $384,515 | $324,178 | $265,652 | $102,662 | $15,697 |
Compensation
| Name | Title | Compensation |
| Steve Sparks | Executive Director | $68,992 |
Compensation data as of: 6/30/2021
Response from ministry
No response has been provided by this ministry.
The information below was provided to MinistryWatch by the ministry itself. It was last updated 10/11/2022. To update the information below, please email: [email protected]
History
1958 - Our First Shelter Opened
"God Will Move Into New Mission" declared newspaper man Glenn Shelton on April 14, 1958. Reverend Dick Hogan stepped out in faith to open a homeless shelter without any capital to fund the ministry. In 1958 Faith City Mission came into being on 7th and Ohio St., Wichita Falls, above Hornsby Heavy Hardware. The ministry was a branch effort of a mission with the same name in Amarillo, Texas. In the beginning, ministry was only for transient men. Rev. Dick and Bee Hogan, the founders of both the Amarillo and Wichita Falls missions, personally worked at the Ohio street facility in its early years. The sign above the door told struggling people, "If you are hungry, do not beg or steal. Come eat with us."
1963 - Start Running Out of Room...
In 1963, the mission's leaders realized there were no rooms to meet the needs of families. The leaders started praying and developing plans to increase the services to minister to families. In 1967 Rev. Jim Cook becomes the superintendent. Mr. Cook helped expansion of Faith City Mission.
1963 - Purchased the old Lamar Baptist Church
1988 - Faith Mission Shelter Opens
As programs and services grew, it became evident a larger facility was needed and property was purchased at our current location on Travis Street and construction began. The current Faith Mission shelter at 1300 Travis Street opened on May 23, 1988.
1988 - Addiction Recovery Programs Offered
As a result of the increased space and increasing donations, the ministry was able to provide a new addiction program called Overcomers Recovery Program. The mission started combating homelessness by offering this recovery program. The recovery program continues this day under the name New Beginnings.
2008 - Opening of Faith Resale!
In 2008, we opened our Faith Resale and Donation Center, so people can shop knowing that their purchases and donations will help to end homelessness!
2012 - 2nd Shelter Opens for Women & Families: Faith Refuge
To address the needs of the growing number of homeless women and families, a second shelter was added. Faith Refuge opened on May 7, 2012 with 17 women and seven children moving in. This new $4.4 million facility is located at 710 E. Hatton Rd. and was built debt free with the support of local partnerships and friends across the nation. Above all, the Faith team gives God the glory for providing the resources to complete the new shelter.
2018 - Opened Transitional House for Men
The Transitional Supportive Housing Program was established to provide an additional step toward self-sufficiency for our Program graduates. The program includes up to one year of transitional support, low cost rent, on-going case management, weekly meetings, structure and accountability, and an opportunity to grow in relational skills while sharing in the house governance.
2019 - Opened Transitional House for Women
Program accomplishments
123,362 meals served
16,432 beds of shelter for men
13,988 beds of shelter for women
5,675 beds of shelter for children
Needs
Your Gift to Wichita Falls Faith Mission helps shelter, feed, and provide hope for the homeless.