Faith & Grief Ministries Inc

Analysis

Faith & Grief Ministries Inc is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in October 2012, 14 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 & Grief Ministries Inc reported income of $306k and spending of $230k, leaving 25% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $402k to $306k (-24%), an average of -13% a year. The sharpest change came in the year to December 2022, when income dropped by 30%. Over the whole period it spent 63% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Faith & Grief Ministries Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 66th percentile within TX. Charities of a similar size with the same main cause include Hitching Post Ministries ($306k), Children in Need Inc ($306k) and New Futures Inc ($306k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 7.4% of the total. Compensation of current officers, directors and key employees was $40k (17% of expenses). Other salaries and wages came to $141k. At year end it held assets of $636k against liabilities of $0, net assets of $636k. It reported 1 employees.