Great Faith Inc

Analysis

Great Faith Inc is a registered charity in United States, based in Wausau, WI. It received its IRS tax-exemption ruling in August 1987, 39 years ago. 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, Great Faith Inc reported income of $221k and spending of $227k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $236k to $221k (-6.3%), an average of -1.6% a year. The sharpest change came in the year to December 2021, when income rose by 51%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Great Faith Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 55th percentile within WI. Charities of a similar size with the same main cause include Carter County Junior Livestock Show ($221k), Emanuel Lutheran Church ($221k) and Bisbee Community Y ($221k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $53k. At year end it held assets of $267k against liabilities of $0, net assets of $267k. It reported 2 employees.