Community of Faith Foundation Inc

Analysis

Community of Faith Foundation Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in December 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, Community of Faith Foundation Inc reported income of $103k and spending of $138k, spending 134% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income grew from $97k to $103k (+6.5%), an average of +2.1% a year. The sharpest change came in the year to December 2021, when income rose by 6587%. Over the whole period it spent 111% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Community of Faith Foundation Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 40th percentile within TX. Charities of a similar size with the same main cause include Amazing Care Charitable Foundation ($103k), Freshman Fresh Start Inc ($103k) and Community Initiatives Foundation ($103k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $48k (35% of expenses). At year end it held assets of $3.2m against liabilities of $3.0m, net assets of $121k. It reported 1 employees.