Faith Connections Inc

Analysis

Faith Connections Inc is a registered charity in United States, based in Dearborn, MI. It received its IRS tax-exemption ruling in May 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, Faith Connections Inc reported income of $644k and spending of $674k, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $620k to $644k (+3.9%), an average of +1.0% a year. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Faith Connections Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within MI. Charities of a similar size with the same main cause include Grace Neighborhood Nursery School ($644k), The Beechers Foundation ($644k) and Harrisonville Ministerial Alliance ($644k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.6% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $64k (9.5% of expenses). Other salaries and wages came to $382k. At year end it held assets of $121k against liabilities of $3,178, net assets of $118k. It reported 16 employees.