Faith-Hope-Love-Charity Inc

Analysis

Faith-Hope-Love-Charity Inc is a registered charity in United States, based in Palm Springs, FL. It received its IRS tax-exemption ruling in March 1996, 30 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 September 2023, Faith-Hope-Love-Charity Inc reported income of $4.4m and spending of $4.4m, spending 100% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $2.4m to $4.4m (+88%), an average of +17% a year. The sharpest change came in the year to September 2021, when income rose by 41%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Faith-Hope-Love-Charity Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 93rd percentile within FL. Charities of a similar size with the same main cause include Area Agency on Aging of Southwest Arkansas Inc ($4.4m), Friendship Home Inc ($4.4m) and Apple Tree Kids ($4.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 99% and program service revenue 0.4% of the total. Other salaries and wages came to $1.1m. At year end it held assets of $1.1m against liabilities of $337k, net assets of $804k. It reported 25 employees.