Faith Presbyterian Village Inc

Analysis

Faith Presbyterian Village Inc is a registered charity in United States, based in St Petersburg, FL. It received its IRS tax-exemption ruling in June 1977, 49 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 Presbyterian Village Inc reported income of $776k and spending of $575k, leaving 26% of income unspent that year. Across the 6 years on record, from September 2019 to December 2023, income grew from $118k to $776k (+558%), an average of +46% a year. The sharpest change came in the year to December 2020, when income rose by 368%. Over the whole period it spent 76% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Faith Presbyterian Village Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 78th percentile within FL. Charities of a similar size with the same main cause include Norwalk Mutual Housing Inc ($776k), Northeast Economic Development Inc ($776k) and Korner Homes Inc ($776k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 93% of the total. Other salaries and wages came to $118k. At year end it held assets of $11.3m against liabilities of $658k, net assets of $10.6m. It reported 7 employees.