Spirit of Faith Adoptions Inc

Analysis

Spirit of Faith Adoptions Inc is a registered charity in United States, based in Sylvania, OH. It received its IRS tax-exemption ruling in March 2006, 20 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Spirit of Faith Adoptions Inc reported income of $436k and spending of $330k, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $210k to $436k (+107%), an average of +20% a year. The sharpest change came in the year to December 2023, when income rose by 54%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Spirit of Faith Adoptions Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within OH. Charities of a similar size with the same main cause include Hayward Community Food Shelf Inc ($436k), Family Care Center ($436k) and Hopeaustin ($435k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 45% and program service revenue 53% of the total. Other salaries and wages came to $79k. At year end it held assets of $215k against liabilities of $59k, net assets of $156k. It reported 2 employees.