Faithful Workouts

Analysis

Faithful Workouts is a registered charity in United States, based in Evergreen, CO. It received its IRS tax-exemption ruling in March 2011, 15 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 December 2023, Faithful Workouts reported income of $373k and spending of $344k, spending 92% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $256k to $373k (+46%), an average of +21% a year. The sharpest change came in the year to December 2023, when income rose by 29%. Over the whole period it spent 83% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Faithful Workouts sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 63rd percentile within CO. Charities of a similar size with the same main cause include Quinsigamond Rowing Association Inc ($373k), Franklin Ski & Outing Club Inc ($374k) and Mount Laurel Baseball Association Inc ($373k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 49% and program service revenue 51% of the total. Compensation of current officers, directors and key employees was $30k (8.7% of expenses). At year end it held assets of $269k against liabilities of $0, net assets of $269k. It reported 1 employees.