Faith Works Coalition Inc

Analysis

Faith Works Coalition Inc is a registered charity in United States, based in Virginia BCH, VA. It received its IRS tax-exemption ruling in July 2008, 18 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 Coalition Inc reported income of $84k and spending of $91k, spending 108% of what it took in. Across the 3 years on record, from December 2019 to December 2023, income fell from $105k to $84k (-20%), an average of -10% a year. The sharpest change came in the year to December 2022, when income dropped by 17%. Over the whole period it spent 108% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Faith Works Coalition Inc sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 32nd percentile within VA. Charities of a similar size with the same main cause include New Rochelle-Winthrop Housing Development Fund Corporation ($84k), Community Apartments Corporation of Gaston County ($84k) and Good Shepherd Assisted Living Facility ($84k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $63k against liabilities of $0, net assets of $63k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.