Faith Prayer & Tract League

Analysis

Faith Prayer & Tract League is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in February 1985, 41 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 Prayer & Tract League reported income of $248k and spending of $403k, spending 162% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $265k to $248k (-6.4%), an average of -1.6% a year. The sharpest change came in the year to December 2020, when income rose by 210%. Over the whole period it spent 106% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Faith Prayer & Tract League sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 58th percentile within MI. Charities of a similar size with the same main cause include Know the Truth International Ministries Inc ($248k), Bright Star Foundation ($248k) and Mechon Maharal Tzintz ($248k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 2.8% of the total. Compensation of current officers, directors and key employees was $30k (7.4% of expenses). Other salaries and wages came to $4,757. At year end it held assets of $227k against liabilities of $425, net assets of $226k. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.