Faith Overseas Mission Incorporated

Analysis

Faith Overseas Mission Incorporated is a registered charity in United States, based in Ripplemead, VA. It received its IRS tax-exemption ruling in February 1994, 32 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 Overseas Mission Incorporated reported income of $54k and spending of $66k, spending 122% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $107k to $54k (-49%), an average of -50% a year. The sharpest change came in the year to December 2023, when income dropped by 49%. Over the whole period it spent 84% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Faith Overseas Mission Incorporated sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 20th percentile within VA. Charities of a similar size with the same main cause include Aashka Company ($54k), Abundant Life Missions Inc ($54k) and Faith Community Outreach Center Inc ($54k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $64k against liabilities of $0, net assets of $64k.