Faith Club Inc

Analysis

Faith Club Inc is a registered charity in United States, based in Lubbock, TX. It received its IRS tax-exemption ruling in April 1981, 45 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2023, Faith Club Inc reported income of $131k and spending of $83k, leaving 37% of income unspent that year. Across the 5 years on record, from July 2019 to July 2023, income fell from $1.4m to $131k (-91%), an average of -44% a year. The sharpest change came in the year to July 2020, when income dropped by 91%. Over the whole period it spent 29% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Faith Club Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 47th percentile within TX. Charities of a similar size with the same main cause include Cancer Association of Champaign County ($131k), Crystal Foundation ($131k) and Dyslexia Center of the Shoals ($131k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 84% and program service revenue 2.2% of the total. At year end it held assets of $2.8m against liabilities of $0, net assets of $2.8m.