Faith Chapel of Illinois

Analysis

Faith Chapel of Illinois is a registered charity in United States, based in Plainville, IL. It received its IRS tax-exemption ruling in March 2016, 10 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 2023, Faith Chapel of Illinois reported income of $57k and spending of $46k, leaving 21% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $49k to $57k (+17%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 17%. Over the whole period it spent 96% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Faith Chapel of Illinois sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 24th percentile within IL. Charities of a similar size with the same main cause include A Family Story ($57k), Austin Gathering ($57k) and Safe Harbor Ministry ($57k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $71k against liabilities of $0, net assets of $71k.