Faith Mission Inc

Analysis

Faith Mission Inc is a registered charity in United States, based in Oceanside, NY. It received its IRS tax-exemption ruling in May 1996, 30 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 May 2024, Faith Mission Inc reported income of $60k and spending of $25k, leaving 59% of income unspent that year. Across the 2 years on record, from May 2023 to May 2024, income grew from $21k to $60k (+182%), an average of +182% a year. The sharpest change came in the year to May 2024, when income rose by 182%. Over the whole period it spent 49% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Faith Mission Inc sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 25th percentile within NY. Charities of a similar size with the same main cause include Academic Connections International ($60k), Ncpets Inc ($60k) and Atlanta Irish Dance Inc ($60k).

On its Form 990-EZ for the period ending May 2024, revenue came from contributions and grants 98% of the total. At year end it held assets of $70k against liabilities of $0, net assets of $70k.