Faith Warehouse Ministries Inc

Analysis

Faith Warehouse Ministries Inc is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in April 2007, 19 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending April 2024, Faith Warehouse Ministries Inc reported income of $91k and spending of $54k, leaving 41% of income unspent that year. Across the 3 years on record, from April 2022 to April 2024, income grew from $71k to $91k (+28%), an average of +13% a year. The sharpest change came in the year to April 2024, when income rose by 29%. Over the whole period it spent 61% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Faith Warehouse Ministries Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 34th percentile within VA. Charities of a similar size with the same main cause include The Sisters of Christian Charity- Mallinckrodt Convent Menham NJ ($91k), Sarada Ramakrishna Vivekananda Associations ($91k) and Oak Is in the Acorn ($91k).

On its Form 990-EZ for the period ending April 2024, revenue came from contributions and grants 97% of the total. At year end it held assets of $196k against liabilities of $0, net assets of $196k.