Faith Outreach Apostolic Churches Worldwide Inc

Analysis

Faith Outreach Apostolic Churches Worldwide Inc is a registered charity in United States, based in Stratford, CT. It received its IRS tax-exemption ruling in March 1993, 33 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Faith Outreach Apostolic Churches Worldwide Inc reported income of $167k and spending of $179k, spending 108% of what it took in. Across the 3 years on record, from December 2020 to December 2022, income grew from $114k to $167k (+46%), an average of +21% a year. The sharpest change came in the year to December 2022, when income rose by 109%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Faith Outreach Apostolic Churches Worldwide Inc sits at the 49th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 47th percentile within CT. Charities of a similar size with the same main cause include Missionary Church International Incorporated ($167k), Stageplays Theatre Company Inc ($167k) and PTA Oregon Congress ($167k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $178k against liabilities of $97k, net assets of $81k.