Faith and Money Network Inc

Analysis

Faith and Money Network Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in January 1982, 44 years ago. 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 and Money Network Inc reported income of $169k and spending of $234k, spending 138% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $206k to $169k (-18%), an average of -4.8% a year. The sharpest change came in the year to December 2021, when income rose by 25%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Faith and Money Network Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 27th percentile within DC. Charities of a similar size with the same main cause include Cranford Family Care Association Inc ($169k), Little League Baseball Inc ($169k) and Milwaukee Robotics Academy Inc ($169k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 2.7% of the total. Other salaries and wages came to $61k. At year end it held assets of $368k against liabilities of $3,076, net assets of $365k. It reported 1 employees.