Center for Life and Faith

Analysis

Center for Life and Faith is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in January 2023, 3 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Center for Life and Faith reported income of $680k and spending of $799k, spending 118% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $38k to $680k (+1711%), an average of +78% a year. The sharpest change came in the year to December 2022, when income rose by 275%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Center for Life and Faith sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 70th percentile within NY. Charities of a similar size with the same main cause include Coral Ridge Christian Academy Inc ($679k), Springfield Technical Community College Foundation Inc ($680k) and Classic for Columbus ($679k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 2.3% of the total. Compensation of current officers, directors and key employees was $104k (13% of expenses). Other salaries and wages came to $286k. At year end it held assets of $1.2m against liabilities of $1.0m, net assets of $172k. It reported 20 employees.