Firm Foundation in Christ Ministries Inc

Analysis

Firm Foundation in Christ Ministries Inc is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in July 2022, 4 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Firm Foundation in Christ Ministries Inc reported income of $599k and spending of $660k, spending 110% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $442k to $599k (+35%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 22%. Over the whole period it spent 98% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Firm Foundation in Christ Ministries Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within OR. Charities of a similar size with the same main cause include Northwest Baptist Missions ($599k), Bluewater Covenant Bible Camp ($599k) and Holy Names Foundation ($599k).

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 $103k (16% of expenses). Other salaries and wages came to $243k. At year end it held assets of $97k against liabilities of $34k, net assets of $64k. It reported 4 employees.