Faith in New York Inc

Analysis

Faith in New York Inc is a registered charity in United States, based in Corona, NY. It received its IRS tax-exemption ruling in March 2007, 19 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 August 2022, Faith in New York Inc reported income of $879k and spending of $680k, leaving 23% of income unspent that year. Across the 4 years on record, from August 2019 to August 2022, income grew from $525k to $879k (+67%), an average of +19% a year. The sharpest change came in the year to August 2021, when income rose by 63%. Over the whole period it spent 88% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Faith in New York Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 74th percentile within NY. Charities of a similar size with the same main cause include Keren Melamdim Dsatmar Inc ($879k), LLL Resources Inc ($879k) and Redimir ($879k).

On its Form 990 for the period ending August 2022, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $433k. At year end it held assets of $451k against liabilities of $14k, net assets of $437k.