Faith House Ministries

Analysis

Faith House Ministries is a registered charity in United States, based in Hoquiam, WA. It received its IRS tax-exemption ruling in May 2006, 20 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 House Ministries reported income of $59k and spending of $59k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $76k to $59k (-23%), an average of -23% a year. The sharpest change came in the year to December 2023, when income dropped by 23%. Over the whole period it spent 103% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Faith House Ministries sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 17th percentile within WA. Charities of a similar size with the same main cause include Raise International Inc ($59k), Sending Out Servants ($59k) and Ildusa Inc ($59k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $4,173 against liabilities of $0, net assets of $4,173.