Faith Recovery Inc

Analysis

Faith Recovery Inc is a registered charity in United States, based in Williamsburg, VA. It received its IRS tax-exemption ruling in December 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 Recovery Inc reported income of $697k and spending of $771k, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $685k to $697k (+1.7%), an average of +0.4% a year. The sharpest change came in the year to December 2021, when income rose by 118%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Faith Recovery Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within VA. Charities of a similar size with the same main cause include Silver Bow County Developmental Disabilities Council Inc ($696k), Habitat for Humanity International Inc ($697k) and Rendezvous Senior Day Services Inc ($696k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $77k (10% of expenses). At year end it held assets of $1.3m against liabilities of $530k, net assets of $770k. It reported 10 employees.