Faithful City Inc

Analysis

Faithful City Inc is a registered charity in United States, based in Chandler, AZ. It received its IRS tax-exemption ruling in February 2013, 13 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Faithful City Inc reported income of $339k and spending of $287k, spending 85% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $108k to $339k (+214%), an average of +214% a year. The sharpest change came in the year to December 2023, when income rose by 214%. 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, Faithful City Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 61st percentile within AZ. Charities of a similar size with the same main cause include Echo Ministries ($338k), National Convention of Gospel Choirs and Choruses ($339k) and Hope Economy Inc ($338k).

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 $92k (32% of expenses). At year end it held assets of $63k against liabilities of $0, net assets of $63k. It reported 1 employees.