Faith Chapel Ministries

Analysis

Faith Chapel Ministries is a registered charity in United States, based in Kalamazoo, MI. It received its IRS tax-exemption ruling in March 2003, 23 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 June 2023, Faith Chapel Ministries reported income of $77k and spending of $62k, leaving 20% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income fell from $90k to $77k (-14%), an average of -14% a year. Over the whole period it spent 74% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Faith Chapel Ministries sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 30th percentile within MI. Charities of a similar size with the same main cause include Crossover Restoration Foundation ($77k), Increasing Faith Christian Center ($77k) and Iglesia Cristiana Manantial de Vida Inc ($77k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $184k against liabilities of $0, net assets of $184k.