Soldiers for Faith

Analysis

Soldiers for Faith is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in November 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, Soldiers for Faith reported income of $911k and spending of $1.1m, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $308k to $911k (+196%), an average of +31% a year. The sharpest change came in the year to December 2020, when income rose by 124%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Soldiers for Faith sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 82nd percentile within TX. Charities of a similar size with the same main cause include Stairstep Foundation ($911k), Robeson County Agriculture & Industrial Exposition Inc ($912k) and Cadets Childcare Inc ($911k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $63k (6.0% of expenses). At year end it held assets of $148k against liabilities of $0, net assets of $148k.