Faith Unity Inc

Analysis

Faith Unity Inc is a registered charity in United States, based in Bensalem, PA. It received its IRS tax-exemption ruling in March 2004, 22 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Faith Unity Inc reported income of $488k and spending of $170k, leaving 65% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $373k to $488k (+31%), an average of +6.9% a year. The sharpest change came in the year to December 2021, when income rose by 124%. Over the whole period it spent 66% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Faith Unity Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 68th percentile within PA. Charities of a similar size with the same main cause include Fort Peck Fine Arts Council ($488k), Tkiya Music Inc ($488k) and Ballet North Texas ($488k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.4% and program service revenue 13% of the total. At year end it held assets of $2.1m against liabilities of $0, net assets of $2.1m.