Chosen Fast Inc

Analysis

Chosen Fast Inc is a registered charity in United States, based in Kinard, FL. It received its IRS tax-exemption ruling in October 1997, 29 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 2023, Chosen Fast Inc reported income of $240k and spending of $202k, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $319k to $240k (-25%), an average of -6.9% a year. The sharpest change came in the year to December 2021, when income dropped by 28%. Over the whole period it spent 95% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Chosen Fast Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 61st percentile within FL. Charities of a similar size with the same main cause include Dental Community Fellowship ($240k), Bethel Mission Inc ($240k) and Patton Ministries ($240k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 39% and program service revenue 61% of the total. Other salaries and wages came to $25k. At year end it held assets of $302k against liabilities of $0, net assets of $302k. It reported 3 employees.