Faith House Inc

Analysis

Faith House Inc is a registered charity in United States, based in Lafayette, LA. It received its IRS tax-exemption ruling in June 1981, 45 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 June 2024, Faith House Inc reported income of $5.8m and spending of $4.1m, leaving 30% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $2.6m to $5.8m (+120%), an average of +22% a year. The sharpest change came in the year to June 2024, when income rose by 58%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Faith House Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within LA. Charities of a similar size with the same main cause include Northstar Learning Centers Inc ($5.8m), Jensen Project Inc ($5.8m) and Meals on Wheels of Ri Inc ($5.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 87% of the total. Compensation of current officers, directors and key employees was $101k (2.5% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $4.8m against liabilities of $729k, net assets of $4.0m. It reported 59 employees.