Faithhealth Innovations Inc

Analysis

Faithhealth Innovations Inc is a registered charity in United States, based in Winston Salem, NC. It received its IRS tax-exemption ruling in December 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Faithhealth Innovations Inc reported income of $169k and spending of $278k, spending 164% of what it took in. Across the 6 years on record, from June 2019 to December 2023, income fell from $327k to $169k (-48%), an average of -12% a year. The sharpest change came in the year to December 2022, when income rose by 120%. Over the whole period it spent 89% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Faithhealth Innovations Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 48th percentile within NC. Charities of a similar size with the same main cause include Mission 17 Inc ($169k), Saint Marks Foundation ($169k) and Audience of One Inc ($169k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% and program service revenue 35% of the total. At year end it held assets of $461k against liabilities of $0, net assets of $461k.