Faith Ministries Inc

Analysis

Faith Ministries Inc is a registered charity in United States, based in Moscow, ID. It received its IRS tax-exemption ruling in May 1982, 44 years ago. 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 June 2024, Faith Ministries Inc reported income of $3.7m and spending of $3.3m, spending 88% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $3.4m to $3.7m (+9.7%), an average of +2.3% a year. The sharpest change came in the year to June 2021, when income dropped by 33%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Faith Ministries 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 90th percentile, and in the 93rd percentile within ID. Charities of a similar size with the same main cause include Fundamental Christian Endeavors Inc ($3.7m), Ronald McDonald House Southeastern MN & Western Wi ($3.7m) and Okizu Foundation ($3.7m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 24% and program service revenue 72% of the total. Compensation of current officers, directors and key employees was $274k (8.4% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $5.8m against liabilities of $959k, net assets of $4.8m. It reported 102 employees.