Faith Independent Assembly of God

Analysis

Faith Independent Assembly of God is a registered charity in United States, based in Des Moines, IA. It received its IRS tax-exemption ruling in January 1970, 56 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Faith Independent Assembly of God reported income of $134k and spending of $171k, spending 127% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $145k to $134k (-7.4%), an average of -2.5% a year. Over the whole period it spent 112% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Faith Independent Assembly of God sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 44th percentile within IA. Charities of a similar size with the same main cause include PTA California Congress of Parents Teachers & Students Inc ($134k), Interior Youth Basketball Inc ($134k) and Hilliard Education Foundation Inc ($134k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $51k (30% of expenses). Other salaries and wages came to $28k. At year end it held assets of $187k against liabilities of $187k, net assets of $0. It reported 4 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.