Wichita Falls Faith Mission Inc

Analysis

Wichita Falls Faith Mission Inc is a registered charity in United States, based in Wichita Falls, TX. It received its IRS tax-exemption ruling in November 1981, 45 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 June 2023, Wichita Falls Faith Mission Inc reported income of $3.9m and spending of $3.7m, spending 94% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $2.9m to $3.9m (+36%), an average of +11% a year. The sharpest change came in the year to June 2022, when income rose by 20%. Over the whole period it spent 90% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Wichita Falls Faith Mission Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 93rd percentile within TX. Charities of a similar size with the same main cause include Pronto of Long Island Inc ($3.9m), Dakota Resources ($3.9m) and Sanatana Dharma Foundation ($3.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% and program service revenue 0.5% of the total. Compensation of current officers, directors and key employees was $81k (2.2% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $6.7m against liabilities of $131k, net assets of $6.6m. It reported 107 employees.