Faith Home Inc

Analysis

Faith Home Inc is a registered charity in United States, based in Greenwood, SC. It received its IRS tax-exemption ruling in October 1967, 59 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Faith Home Inc reported income of $2.2m and spending of $1.9m, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $2.2m (+51%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 52%. 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 Home Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 90th percentile within SC. Charities of a similar size with the same main cause include Bethlehem Center ($2.2m), Florida Keys Outreach Coalition Inc ($2.2m) and Livable City ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 27% of the total. Compensation of current officers, directors and key employees was $54k (2.9% of expenses). Other salaries and wages came to $339k. At year end it held assets of $3.6m against liabilities of $513k, net assets of $3.1m. It reported 97 employees.