Publicaciones Faro de Gracia

Analysis

Publicaciones Faro de Gracia is a registered charity in United States, based in Mebane, NC. It received its IRS tax-exemption ruling in November 1998, 28 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Publicaciones Faro de Gracia reported income of $339k and spending of $291k, spending 86% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $263k to $339k (+29%), an average of +8.9% a year. The sharpest change came in the year to June 2022, when income rose by 46%. Over the whole period it spent 77% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Publicaciones Faro de Gracia sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 62nd percentile within NC. Charities of a similar size with the same main cause include Barbara W Smith Family Life Center NFP ($339k), International Orality Institute ($339k) and Equipping Leaders for a Lifetime of Service International ($339k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 16% of the total. Compensation of current officers, directors and key employees was $74k (25% of expenses). Other salaries and wages came to $28k. At year end it held assets of $847k against liabilities of $124k, net assets of $723k. It reported 4 employees.