Faith in Practice

Analysis

Faith in Practice is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in May 1994, 32 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 August 2023, Faith in Practice reported income of $16.8m and spending of $14.6m, spending 87% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $15.0m to $16.8m (+12%), an average of +2.9% a year. The sharpest change came in the year to August 2023, when income rose by 51%. Over the whole period it spent 79% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Faith in Practice sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within TX. Charities of a similar size with the same main cause include Hope of Life International ($16.7m), The Global Development Incubator Inc ($17.0m) and Blumont International Inc ($16.4m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 101% of the total. Compensation of current officers, directors and key employees was $488k (3.3% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $16.3m against liabilities of $598k, net assets of $15.7m. It reported 20 employees.