Faith United Inc

Analysis

Faith United Inc is a registered charity in United States, based in Frankfort, KY. It received its IRS tax-exemption ruling in June 2000, 26 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Faith United Inc reported income of $134k and spending of $132k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $99k to $134k (+35%), an average of +35% a year. The sharpest change came in the year to December 2023, when income rose by 35%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Faith United Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 44th percentile within KY. Charities of a similar size with the same main cause include Sparc Group Cares Inc ($134k), Gilmantons Own Inc ($134k) and Shepherds Center of Raytown ($134k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $216k against liabilities of $2,135, net assets of $214k.