Faith in Place

Analysis

Faith in Place is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in December 2004, 22 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 December 2023, Faith in Place reported income of $4.3m and spending of $3.3m, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $4.3m (+195%), an average of +31% a year. The sharpest change came in the year to December 2023, when income rose by 71%. Over the whole period it spent 81% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Faith in Place sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within IL. Charities of a similar size with the same main cause include International Outreach Ministries Inc ($4.3m), Tabernacle Christian School ($4.3m) and Gba Ships Florence Inc ($4.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 3.6% of the total. Compensation of current officers, directors and key employees was $135k (4.1% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $4.0m against liabilities of $86k, net assets of $3.9m. It reported 31 employees.