Faith Mission of Elkhart Inc

Analysis

Faith Mission of Elkhart Inc is a registered charity in United States, based in Elkhart, IN. It received its IRS tax-exemption ruling in October 1962, 64 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Faith Mission of Elkhart Inc reported income of $4.2m and spending of $4.2m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.7m to $4.2m (+15%), an average of +3.5% a year. The sharpest change came in the year to December 2020, when income rose by 26%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Faith Mission of Elkhart Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within IN. Charities of a similar size with the same main cause include Powell Gardens Inc ($4.2m), Moaa Charities ($4.2m) and Safe Place of the Permian Basin ($4.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 4.2% of the total. Compensation of current officers, directors and key employees was $89k (2.1% of expenses). Other salaries and wages came to $774k. It paid $328k in professional fundraising fees. At year end it held assets of $7.9m against liabilities of $348k, net assets of $7.5m. It reported 40 employees.