Faith & Philanthropy Institute

Analysis

Faith & Philanthropy Institute is a registered charity in United States, based in Grand Prairie, TX. It received its IRS tax-exemption ruling in August 2002, 24 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Faith & Philanthropy Institute reported income of $316k and spending of $331k, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $160k to $316k (+97%), an average of +18% a year. The sharpest change came in the year to December 2021, when income rose by 1887%. Over the whole period it spent 184% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Faith & Philanthropy Institute sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 67th percentile within TX. Charities of a similar size with the same main cause include Lutheran Homes of Oconomowoc Charitable Foundation Inc ($315k), Braveco ($316k) and Fossores ($315k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.6% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $115k (35% of expenses). Other salaries and wages came to $69k. At year end it held assets of $688k against liabilities of $1,195, net assets of $687k. It reported 1 employees.