Faith Ministries Inc

Analysis

Faith Ministries Inc is a registered charity in United States, based in Tupelo, MS. It received its IRS tax-exemption ruling in September 1974, 52 years ago. 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 February 2024, Faith Ministries Inc reported income of $134k and spending of $135k, spending 101% of its income. Across the 2 years on record, from February 2023 to February 2024, income fell from $141k to $134k (-5.1%), an average of -5.1% a year. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Faith Ministries Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 46th percentile within MS. Charities of a similar size with the same main cause include Port Townsend Ballet ($134k), Orestimba Scholarship Community Association ($134k) and The We Project ($134k).

On its Form 990-EZ for the period ending February 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $130k against liabilities of $0, net assets of $130k.