Faith Mission Home Inc

Analysis

Faith Mission Home Inc is a registered charity in United States, based in Free Union, VA. It received its IRS tax-exemption ruling in April 2013, 13 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Mission Home Inc reported income of $1.6m and spending of $1.5m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.7m to $1.6m (-6.9%), an average of -1.8% a year. The sharpest change came in the year to December 2020, when income dropped by 20%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Faith Mission Home Inc sits at the 81st percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within VA. Charities of a similar size with the same main cause include Project Bridges Day Care Center and Preschool Inc ($1.6m), Nubian Directions II Inc ($1.6m) and Selfreliance Association ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 15% and program service revenue 68% of the total. Compensation of current officers, directors and key employees was $83k (5.7% of expenses). Other salaries and wages came to $353k. At year end it held assets of $3.5m against liabilities of $170k, net assets of $3.3m. It reported 87 employees.