Generation of Faith Foundation

Analysis

Generation of Faith Foundation is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in March 2017, 9 years ago. 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, Generation of Faith Foundation reported income of $63k and spending of $230k, spending 368% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income fell from $214k to $63k (-71%), an average of -34% a year. The sharpest change came in the year to December 2023, when income dropped by 58%. Over the whole period it spent 156% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Generation of Faith Foundation sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 26th percentile within TX. Charities of a similar size with the same main cause include Emory Johns Creek Hospital Auxiliary Inc ($63k), Lake County Humane Society ($63k) and St Mary Medical Center Auxiliary ($63k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $24k (10% of expenses). At year end it held assets of $137k against liabilities of $518k, net assets of -$381k. It reported 3 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.