Christian Faith Ministries of North Texas

Analysis

Christian Faith Ministries of North Texas is a registered charity in United States, based in Denton, TX. It received its IRS tax-exemption ruling in March 1975, 51 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 December 2023, Christian Faith Ministries of North Texas reported income of $535k and spending of $466k, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $861k to $535k (-38%), an average of -11% a year. The sharpest change came in the year to December 2020, when income dropped by 24%. Over the whole period it spent 96% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Christian Faith Ministries of North Texas sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 76th percentile within TX. Charities of a similar size with the same main cause include Laugh Out Loud Ministry Inc ($535k), Love Coalition Ministries ($535k) and Highlands Church of the Cumberlands ($535k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $891k against liabilities of $0, net assets of $891k.