Faithcare Inc

Analysis

Faithcare Inc is a registered charity in United States, based in Reading, PA. It received its IRS tax-exemption ruling in March 2006, 20 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, Faithcare Inc reported income of $145k and spending of $90k, leaving 38% of income unspent that year. Across the 4 years on record, from December 2019 to December 2023, income fell from $318k to $145k (-54%), an average of -23% a year. The sharpest change came in the year to December 2020, when income dropped by 57%. Over the whole period it spent 100% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Faithcare Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 44th percentile within PA. Charities of a similar size with the same main cause include Savannah Church of Christ Inc ($145k), Leader Breakthru Inc ($145k) and Iglesia Ministerios Cristianos El Olivo Corporation ($145k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 81% and program service revenue 6.7% of the total. At year end it held assets of $150k against liabilities of $3,651, net assets of $146k.