Have Faith Community Development Corporation

Analysis

Have Faith Community Development Corporation is a registered charity in United States, based in Alcolu, SC. It received its IRS tax-exemption ruling in November 2003, 23 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Have Faith Community Development Corporation reported income of $150k and spending of $138k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $140k to $150k (+7.0%), an average of +1.7% a year. The sharpest change came in the year to December 2022, when income dropped by 100%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Have Faith Community Development Corporation sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 53rd percentile within SC. Charities of a similar size with the same main cause include Society of Saint Vincent de Paul St Gertrude Conference ($150k), All Wheels Up Inc ($150k) and Magic Marble Foundation ($150k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $105k against liabilities of $0, net assets of $105k.