Faith in Deeds Inc

Analysis

Faith in Deeds Inc is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in July 2010, 16 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 June 2023, Faith in Deeds Inc reported income of $657k and spending of $771k, spending 117% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $710k to $657k (-7.5%), an average of -2.6% a year. The sharpest change came in the year to June 2023, when income dropped by 31%. Over the whole period it spent 94% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Faith in Deeds Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within MI. Charities of a similar size with the same main cause include Simones Kids Inc ($656k), Himalayan Youth Foundation Inc ($657k) and Missions International ($655k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 6.1% of the total. Other salaries and wages came to $115k. At year end it held assets of $475k against liabilities of $1,129, net assets of $474k. It reported 3 employees.