Faith at Work Inc

Analysis

Faith at Work Inc is a registered charity in United States, based in Des Moines, IA. It received its IRS tax-exemption ruling in June 2014, 12 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 at Work Inc reported income of $211k and spending of $238k, spending 113% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income fell from $242k to $211k (-13%), an average of -4.5% a year. The sharpest change came in the year to December 2022, when income dropped by 20%. Over the whole period it spent 102% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Faith at Work Inc sits at the 67th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 56th percentile within IA. Charities of a similar size with the same main cause include Berlin Ministries International ($211k), Light for the Nations Ministries ($211k) and Daniel Amoateng Ministries Inc ($211k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 17% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $114k (48% of expenses). At year end it held assets of $114 against liabilities of $0, net assets of $114.