Increasing Faith Christian Center

Analysis

Increasing Faith Christian Center is a registered charity in United States, based in Charleston, SC. It received its IRS tax-exemption ruling in September 2014, 12 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, Increasing Faith Christian Center reported income of $77k and spending of $76k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $65k to $77k (+19%), an average of +4.4% a year. The sharpest change came in the year to December 2021, when income rose by 23%. Over the whole period it spent 95% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Increasing Faith Christian Center sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 36th percentile within SC. Charities of a similar size with the same main cause include Faith Chapel Ministries ($77k), Think About Eternity Inc ($77k) and Crossover Restoration Foundation ($77k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $21k against liabilities of $22k, net assets of -$403.