Faithful Life Church

Analysis

Faithful Life Church is a registered charity in United States, based in Annandale, VA. It received its IRS tax-exemption ruling in February 2022, 4 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Faithful Life Church reported income of $113k and spending of $100k, spending 88% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $135k to $113k (-17%), an average of -17% a year. The sharpest change came in the year to December 2023, when income dropped by 17%. Over the whole period it spent 79% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Faithful Life Church sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 39th percentile within VA. Charities of a similar size with the same main cause include Ed Newton Ministries Inc ($113k), Mighty Wind Christian Outreach ($113k) and Diboll Christian Outreach ($113k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $209k against liabilities of $0, net assets of $209k.