Faith Christian Ministries Inc

Analysis

Faith Christian Ministries Inc is a registered charity in United States, based in Jamestown, NC. It received its IRS tax-exemption ruling in December 1976, 50 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 Christian Ministries Inc reported income of $54k and spending of $56k, spending 102% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $73k to $54k (-25%), an average of -25% a year. The sharpest change came in the year to December 2023, when income dropped by 25%. Over the whole period it spent 80% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Faith Christian Ministries Inc sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 19th percentile within NC. Charities of a similar size with the same main cause include Good Shepherd Foundation Inc ($54k), 1414 Club ($54k) and Center for Micro-Entrepreneurial Training 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 $119k against liabilities of $0, net assets of $119k.