Faith Ministry Ministerio de Fe

Analysis

Faith Ministry Ministerio de Fe is a registered charity in United States, based in McAllen, TX. 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, Faith Ministry Ministerio de Fe reported income of $1.3m and spending of $1.3m, spending 102% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.3m (+13%), an average of +4.2% a year. The sharpest change came in the year to December 2022, when income rose by 17%. Over the whole period it spent 84% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Faith Ministry Ministerio de Fe sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 86th percentile within TX. Charities of a similar size with the same main cause include Relationship 180 ($1.3m), Christian Center ($1.3m) and Restoration Place Ministries Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $400k. At year end it held assets of $1.5m against liabilities of $4,401, net assets of $1.4m. It reported 3 employees.