The Temple of Faith MB Church

Analysis

The Temple of Faith MB Church is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in April 2020, 6 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, The Temple of Faith MB Church reported income of $100k and spending of $94k, spending 94% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $85k to $100k (+18%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 18%. Over the whole period it spent 96% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, The Temple of Faith MB Church sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 38th percentile within IL. Charities of a similar size with the same main cause include Preparing for Amazement Ministries Inc ($100k), Sufficient Bread Ministry ($100k) and Media in Ministry Association ($100k).

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 $36k against liabilities of $0, net assets of $36k.