Faith Flip

Analysis

Faith Flip is a registered charity in United States, based in Longview, TX. It received its IRS tax-exemption ruling in October 2014, 12 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 Flip reported income of $94k and spending of $86k, spending 91% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $109k to $94k (-13%), an average of -14% a year. Over the whole period it spent 95% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Faith Flip sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 38th percentile within TX. Charities of a similar size with the same main cause include New York School of Tai Chi Chuan Inc ($94k), Perry County Fair Inc ($94k) and North Scott Trap Club Inc ($94k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 7.9% of the total. Other salaries and wages came to $4,086. At year end it held assets of $17k against liabilities of $0, net assets of $17k. It reported 1 employees.