Faith Hope & Charity Recycle Store Inc

Analysis

Faith Hope & Charity Recycle Store Inc is a registered charity in United States, based in Ellijay, GA. It received its IRS tax-exemption ruling in April 2004, 22 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Faith Hope & Charity Recycle Store Inc reported income of $1.0m and spending of $871k, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $787k to $1.0m (+33%), an average of +7.4% a year. The sharpest change came in the year to December 2021, when income rose by 51%. Over the whole period it spent 83% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Faith Hope & Charity Recycle Store Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 83rd percentile within GA. Charities of a similar size with the same main cause include The Arc of Colorado-Advocating for People with Developmental Disab ($1.0m), Womens Daytime Drop-In Center ($1.0m) and YMCA of the Coastal Bend ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $2.1m against liabilities of $24k, net assets of $2.0m.