Household of Faith Ministries

Analysis

Household of Faith Ministries is a registered charity in United States, based in Corinth, ME. It received its IRS tax-exemption ruling in October 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, Household of Faith Ministries reported income of $220k and spending of $192k, spending 87% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $166k to $220k (+33%), an average of +32% a year. The sharpest change came in the year to December 2023, when income rose by 33%. Over the whole period it spent 88% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Household of Faith Ministries sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 49th percentile within ME. Charities of a similar size with the same main cause include Iglesia Dios Es Amor de LA Iglesia Cristina Interdenominacional Inc ($220k), Faith in Action of the Greater Kanawha Valley Inc ($220k) and Nocona Ministries ($220k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 54% and program service revenue 46% of the total. Compensation of current officers, directors and key employees was $46k (24% of expenses). At year end it held assets of $93k against liabilities of $4,047, net assets of $89k. It reported 2 employees.