Faithsearch International

Analysis

Faithsearch International is a registered charity in United States, based in Edina, MN. It received its IRS tax-exemption ruling in June 1979, 47 years ago. 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, Faithsearch International reported income of $387k and spending of $418k, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $531k to $387k (-27%), an average of -7.6% a year. The sharpest change came in the year to December 2022, when income rose by 253%. Over the whole period it spent 53% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Faithsearch International sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 65th percentile within MN. Charities of a similar size with the same main cause include Music Academy International Inc ($387k), Bill Rudge Ministries of Living Truth Inc ($387k) and Colorado Chapter of the American Academy of Pediatrics ($387k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. Other salaries and wages came to $235k. At year end it held assets of $1.7m against liabilities of $16k, net assets of $1.7m. It reported 6 employees.