Faith Hope & Love Mentoring

Analysis

Faith Hope & Love Mentoring is a registered charity in United States, based in Charlotte, NC. 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 (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 Hope & Love Mentoring reported income of $270k and spending of $235k, spending 87% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $285k to $270k (-5.1%), an average of -2.6% a year. The sharpest change came in the year to December 2022, when income dropped by 21%. Over the whole period it spent 68% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Faith Hope & Love Mentoring sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 58th percentile within NC. Charities of a similar size with the same main cause include Eddie & Brenda Trujillo Family Foundation Inc ($270k), Gracewater ($270k) and Access Language Solutions Inc ($270k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Other salaries and wages came to $176k. At year end it held assets of $430k against liabilities of $0, net assets of $430k. It reported 6 employees.