Faith Community Foundation

Analysis

Faith Community Foundation is a registered charity in United States, based in West Des Moines, IA. It received its IRS tax-exemption ruling in December 2006, 20 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 March 2024, Faith Community Foundation reported income of $243k and spending of $241k, spending 99% of its income. Across the 5 years on record, from March 2020 to March 2024, income fell from $751k to $243k (-68%), an average of -25% a year. The sharpest change came in the year to March 2021, when income dropped by 80%. Over the whole period it spent 100% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Faith Community Foundation 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 58th percentile, and in the 59th percentile within IA. Charities of a similar size with the same main cause include M Family Foundation Inc ($243k), Ralph and Nola Call Pioneer Heritage Foundation ($243k) and Johnson City Jonesborough Washington Co Chamber Foundation ($243k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 99% and program service revenue 1.4% of the total. At year end it held assets of $674k against liabilities of $632k, net assets of $43k.