Faith Tabernacle Ministries Inc

Analysis

Faith Tabernacle Ministries Inc is a registered charity in United States, based in Port Arthur, TX. It received its IRS tax-exemption ruling in August 2018, 8 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 Tabernacle Ministries Inc reported income of $564k and spending of $348k, leaving 38% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $206k to $564k (+174%), an average of +29% a year. The sharpest change came in the year to December 2023, when income rose by 97%. Over the whole period it spent 76% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Faith Tabernacle Ministries Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 76th percentile within TX. Charities of a similar size with the same main cause include Global Surge ($564k), Lion King Ministry ($564k) and Nankana Sahib Foundation ($563k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% of the total. Compensation of current officers, directors and key employees was $330k (95% of expenses). At year end it held assets of $250k against liabilities of -$160k, net assets of $409k. It reported 1 employees.