Berea Faith Community Outreach Inc

Analysis

Berea Faith Community Outreach Inc is a registered charity in United States, based in Berea, KY. It received its IRS tax-exemption ruling in April 2006, 20 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, Berea Faith Community Outreach Inc reported income of $240k and spending of $221k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $827k to $240k (-71%), an average of -27% a year. The sharpest change came in the year to December 2020, when income dropped by 86%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Berea Faith Community Outreach Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 57th percentile within KY. Charities of a similar size with the same main cause include Essential Eats Distributors Inc ($240k), Methow at Home ($240k) and The Next Stop Foundation Inc ($240k).

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 $133k against liabilities of $0, net assets of $133k.