Faith Hope and Love Community Inc

Analysis

Faith Hope and Love Community Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in April 2007, 19 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Hope and Love Community Inc reported income of $415k and spending of $400k, spending 96% of its income. Across the 3 years on record, from December 2019 to December 2023, income grew from $216k to $415k (+92%), an average of +39% a year. The sharpest change came in the year to December 2023, when income rose by 92%. Over the whole period it spent 103% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Faith Hope and Love Community Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 67th percentile within IN. Charities of a similar size with the same main cause include Rise Program Inc ($415k), DC Way Academy ($415k) and St Charles Christian Home Educators ($415k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% and program service revenue 52% of the total. Compensation of current officers, directors and key employees was $110k (28% of expenses). Other salaries and wages came to $40k. At year end it held assets of $96k against liabilities of $46k, net assets of $50k. It reported 3 employees.