Faith Communications Corp

Analysis

Faith Communications Corp is a registered charity in United States, based in Las Vegas, NV. It received its IRS tax-exemption ruling in December 1966, 60 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 June 2023, Faith Communications Corp reported income of $2.5m and spending of $2.5m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.4m to $2.5m (+4.3%), an average of +1.1% a year. Over the whole period it spent 95% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Faith Communications Corp sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 90th percentile within NV. Charities of a similar size with the same main cause include VSS Catholic Communications Inc ($2.5m), Your Move Collective Inc ($2.5m) and Federation of Jain Associations in North America Jaina ($2.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $799k (32% of expenses). Other salaries and wages came to $381k. It paid $38k in professional fundraising fees. At year end it held assets of $5.7m against liabilities of $37k, net assets of $5.6m. It reported 16 employees.