Faith Educational Ministries Inc

Analysis

Faith Educational Ministries Inc is a registered charity in United States, based in Monroe, GA. It received its IRS tax-exemption ruling in March 1999, 27 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Educational Ministries Inc reported income of $1.5m and spending of $1.1m, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.5m to $1.5m (-4.9%), an average of -1.3% a year. The sharpest change came in the year to December 2023, when income rose by 39%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Faith Educational Ministries Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 86th percentile within GA. Charities of a similar size with the same main cause include Greater Rochester Chamber of Commerce Foundation Inc ($1.5m), Pennsylvania Academy of Family Physicians Foundation ($1.5m) and Holy Family Educational Corporation ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 27% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $181k (16% of expenses). Other salaries and wages came to $402k. At year end it held assets of $424k against liabilities of $5,573, net assets of $418k. It reported 25 employees.