Faith Foundation Resources

Analysis

Faith Foundation Resources is a registered charity in United States, based in Flint, MI. It received its IRS tax-exemption ruling in June 2003, 23 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 2022, Faith Foundation Resources reported income of $85k and spending of $83k, spending 98% of its income. Across the 3 years on record, from December 2019 to December 2022, income fell from $251k to $85k (-66%), an average of -42% a year. The sharpest change came in the year to December 2022, when income dropped by 70%. Over the whole period it spent 90% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Faith Foundation Resources sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 32nd percentile within MI. Charities of a similar size with the same main cause include Gnemsdc Massachusetts Advisors Inc ($85k), Grow Arizona ($85k) and Oregon Small Business Association Foundation ($85k).

On its Form 990-EZ for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $115k against liabilities of $0, net assets of $115k.