Faith Ministries International Inc

Analysis

Faith Ministries International Inc is a registered charity in United States, based in Salem, AL. It received its IRS tax-exemption ruling in September 2012, 14 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Faith Ministries International Inc reported income of $128k and spending of $44k, leaving 66% of income unspent that year. Across the 2 years on record, from December 2021 to December 2022, income fell from $155k to $128k (-17%), an average of -17% a year. The sharpest change came in the year to December 2022, when income dropped by 17%. Over the whole period it spent 28% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Faith Ministries International Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 43rd percentile within AL. Charities of a similar size with the same main cause include Eppic Ministries International Inc ($128k), New Hampshire Gospel Radio ($128k) and Kaleemiah Foundation ($128k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $682k against liabilities of $50k, net assets of $632k.