Faithbuilders Inc

Analysis

Faithbuilders Inc is a registered charity in United States, based in Wichita, KS. It received its IRS tax-exemption ruling in February 2013, 13 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, Faithbuilders Inc reported income of $111k and spending of $195k, spending 176% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $643k to $111k (-83%), an average of -58% a year. The sharpest change came in the year to December 2022, when income dropped by 74%. Over the whole period it spent 58% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Faithbuilders Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 38th percentile within KS. Charities of a similar size with the same main cause include Mendota Tri-County Fair Association Inc ($111k), Sonoma Home Meals Inc ($111k) and It Takes a Borough Inc ($111k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. Compensation of current officers, directors and key employees was $39k (20% of expenses). Other salaries and wages came to $16k. At year end it held assets of $490k against liabilities of $862, net assets of $489k. It reported 2 employees.