Faithcentre

Analysis

Faithcentre is a registered charity in United States, based in Bellefonte, PA. It received its IRS tax-exemption ruling in March 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 (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, Faithcentre reported income of $470k and spending of $523k, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $527k to $470k (-11%), an average of -2.8% a year. The sharpest change came in the year to December 2021, when income rose by 44%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Faithcentre sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 67th percentile within PA. Charities of a similar size with the same main cause include City Life Center Inc ($470k), Fairmount Christian Child Care ($470k) and Be Better Foundation Inc ($470k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 33% of the total. Compensation of current officers, directors and key employees was $80k (15% of expenses). Other salaries and wages came to $164k. It paid $3,525 in professional fundraising fees. At year end it held assets of $782k against liabilities of $174k, net assets of $608k. It reported 25 employees.