Faith Services

Analysis

Faith Services is a registered charity in United States, based in Cranston, RI. It received its IRS tax-exemption ruling in June 2017, 9 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Faith Services reported income of $241k and spending of $239k, spending 99% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $133k to $241k (+81%), an average of +16% a year. The sharpest change came in the year to June 2022, when income rose by 158%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Faith Services sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 54th percentile within RI. Charities of a similar size with the same main cause include Southern Trial Lawyers Association ($241k), Monroe Public Schools Foundation ($241k) and Hospice and Palliative Nurses Foundation ($241k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $82k (34% of expenses). Other salaries and wages came to $79k. At year end it held assets of $113k against liabilities of $30k, net assets of $83k. It reported 10 employees.