Faith Works Michigan

Analysis

Faith Works Michigan is a registered charity in United States, based in Rochester HLS, MI. It received its IRS tax-exemption ruling in December 2012, 14 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Works Michigan reported income of $286k and spending of $316k, spending 111% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $262k to $286k (+9.2%), an average of +4.5% a year. The sharpest change came in the year to December 2022, when income rose by 42%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Faith Works Michigan sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 61st percentile within MI. Charities of a similar size with the same main cause include United Churches Assistance Network Inc ($286k), Heart 2 Hand Bingham Food Pantry ($286k) and Redm Inc ($286k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 103% of the total. At year end it held assets of $119k against liabilities of $0, net assets of $119k.