Faith Coalition for the Common Good Inc

Analysis

Faith Coalition for the Common Good Inc is a registered charity in United States, based in Springfield, IL. It received its IRS tax-exemption ruling in December 2011, 15 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Faith Coalition for the Common Good Inc reported income of $376k and spending of $240k, leaving 36% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $246k to $376k (+53%), an average of +15% a year. The sharpest change came in the year to December 2023, when income rose by 27%. Over the whole period it spent 72% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Faith Coalition for the Common Good 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 66th percentile, and in the 65th percentile within IL. Charities of a similar size with the same main cause include Greater Waterbury Chamber of Commerce Foundation Inc ($376k), Ecotech Visions Foundation ($376k) and Southern Illinois Now ($376k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.7% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $45k (19% of expenses). Other salaries and wages came to $121k. At year end it held assets of $364k against liabilities of $0, net assets of $364k. It reported 8 employees.