Faith Community Development Corporation

Analysis

Faith Community Development Corporation is a registered charity in United States, based in Lafayette, IN. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 June 2023, Faith Community Development Corporation reported income of $862k and spending of $1.7m, spending 196% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.9m to $862k (-54%), an average of -18% a year. The sharpest change came in the year to June 2020, when income dropped by 54%. Over the whole period it spent 157% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Faith Community Development Corporation sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within IN. Charities of a similar size with the same main cause include Mongil Corporation ($862k), Association of Faith Communities of Santa Cruz County ($863k) and Silvercrest Senior Housing Development Fund ($862k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 33% and program service revenue 53% of the total. Other salaries and wages came to $131k. At year end it held assets of $12.9m against liabilities of $3.3m, net assets of $9.6m. It reported 15 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.