Faith Tabernacle Ministries

Analysis

Faith Tabernacle Ministries is a registered charity in United States, based in Greeley, CO. It received its IRS tax-exemption ruling in February 2016, 10 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Tabernacle Ministries reported income of $843k and spending of $296k, leaving 65% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $37k to $843k (+2190%), an average of +119% a year. The sharpest change came in the year to December 2020, when income rose by 446%. Over the whole period it spent 49% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Faith Tabernacle Ministries sits at the 73rd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 76th percentile within CO. Charities of a similar size with the same main cause include United in Harmony ($843k), Bethany House of Hospitality ($843k) and Maple Unified Student Academy ($843k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $5.7m against liabilities of $1.2m, net assets of $4.5m.