Faith Xtreme Inc

Analysis

Faith Xtreme Inc is a registered charity in United States, based in Winter Haven, FL. It received its IRS tax-exemption ruling in July 2017, 9 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 2022, Faith Xtreme Inc reported income of $251k and spending of $264k, spending 105% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $219k to $251k (+15%), an average of +4.7% a year. The sharpest change came in the year to December 2020, when income rose by 30%. Over the whole period it spent 94% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Faith Xtreme Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 61st percentile within FL. Charities of a similar size with the same main cause include City Gates Ministries ($251k), Reverent Rhythms ($252k) and Chosen Tebernacle Full Gospel and Baptist Church ($251k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $139k. At year end it held assets of $189k against liabilities of $84k, net assets of $105k.