Faith Acres Foundation

Analysis

Faith Acres Foundation is a registered charity in United States, based in Island Lake, IL. It received its IRS tax-exemption ruling in September 2007, 19 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 October 2023, Faith Acres Foundation reported income of $3.4m and spending of $3.4m, spending 100% of its income. Across the 5 years on record, from October 2019 to October 2023, income grew from $1.3m to $3.4m (+157%), an average of +27% a year. The sharpest change came in the year to October 2020, when income rose by 99%. Over the whole period it spent 99% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Faith Acres Foundation sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within IL. Charities of a similar size with the same main cause include Mesa Valley Community School ($3.4m), Nascentia Health Inc ($3.4m) and Entrust ($3.4m).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $276k against liabilities of $92k, net assets of $184k.