Faith in Serving Humanity Inc

Analysis

Faith in Serving Humanity Inc is a registered charity in United States, based in Monroe, GA. It received its IRS tax-exemption ruling in September 1994, 32 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 2022, Faith in Serving Humanity Inc reported income of $2.3m and spending of $2.4m, spending 106% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $1.8m to $2.3m (+24%), an average of +7.6% a year. The sharpest change came in the year to December 2020, when income rose by 41%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Faith in Serving Humanity 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 89th percentile within GA. Charities of a similar size with the same main cause include Housing Opportunities & Maintenance for the Elderly Inc ($2.3m), Augusta Technical College Foundation Inc ($2.3m) and PSC ($2.3m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 29% and program service revenue 71% of the total. Compensation of current officers, directors and key employees was $98k (4.0% of expenses). Other salaries and wages came to $679k. At year end it held assets of $1.6m against liabilities of $260k, net assets of $1.4m. It reported 50 employees.