Addis Faith Foundation Inc

Analysis

Addis Faith Foundation Inc is a registered charity in United States, based in Kingwood, TX. It received its IRS tax-exemption ruling in April 2008, 18 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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, Addis Faith Foundation Inc reported income of $845k and spending of $845k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $416k to $845k (+103%), an average of +19% a year. The sharpest change came in the year to December 2021, when income rose by 51%. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Addis Faith Foundation Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 81st percentile within TX. Charities of a similar size with the same main cause include RX Drug Access Partnership ($845k), Max S Love Project Inc ($845k) and Jewish Home Lifecare Harry and Jeanette Weinberg Campus Bronx ($845k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $29k (3.4% of expenses). Other salaries and wages came to $105k. At year end it held assets of $124k against liabilities of $27k, net assets of $98k. It reported 7 employees.