Faith City Inc

Analysis

Faith City Inc is a registered charity in United States, based in Amarillo, TX. It received its IRS tax-exemption ruling in May 1956, 70 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Faith City Inc reported income of $3.1m and spending of $2.8m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.6m to $3.1m (-32%), an average of -9.3% a year. The sharpest change came in the year to December 2020, when income dropped by 39%. Over the whole period it spent 80% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Faith City Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 92nd percentile within TX. Charities of a similar size with the same main cause include S a F E House ($3.1m), Charitable Union ($3.1m) and Partners and Advocates for Remarkable Children and Adults ($3.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $86k (3.0% of expenses). Other salaries and wages came to $818k. It paid $381k in professional fundraising fees. At year end it held assets of $9.5m against liabilities of $127k, net assets of $9.4m. It reported 34 employees.