Faith and Life Inc

Analysis

Faith and Life Inc is a registered charity in United States, based in Newton, KS. It received its IRS tax-exemption ruling in March 2016, 10 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Faith and Life Inc reported income of $472k and spending of $482k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $386k to $472k (+22%), an average of +5.2% a year. The sharpest change came in the year to December 2021, when income rose by 21%. Over the whole period it spent 102% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Faith and Life Inc sits at the 83rd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 70th percentile within KS. Charities of a similar size with the same main cause include LTT Retreat and Education Center ($472k), 7 Stages Discipleship Bridges ($473k) and Ahlulbait Foundation Inc ($472k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.1% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $35k (7.3% of expenses). Other salaries and wages came to $30k. At year end it held assets of $272k against liabilities of $150k, net assets of $122k. It reported 6 employees.