Faith Mission Inc

Analysis

Faith Mission Inc is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in March 1984, 42 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 June 2023, Faith Mission Inc reported income of $14.2m and spending of $10.8m, leaving 24% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.2m to $14.2m (+97%), an average of +18% a year. The sharpest change came in the year to June 2021, when income rose by 31%. Over the whole period it spent 91% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Faith Mission Inc sits at the 97th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within OH. Charities of a similar size with the same main cause include Agape Maya Inc ($14.2m), Wesley Homes Inc ($14.2m) and Christian Care Tucson Inc ($14.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 3.7% of the total. Other salaries and wages came to $4.6m. It paid $722k in professional fundraising fees. At year end it held assets of $18.1m against liabilities of $3.4m, net assets of $14.7m. It reported 133 employees.