Faith Wins

Analysis

Faith Wins is a registered charity in United States, based in Prosperity, SC. It received its IRS tax-exemption ruling in April 2019, 7 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Faith Wins reported income of $879k and spending of $798k, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $309k to $879k (+184%), an average of +30% a year. The sharpest change came in the year to December 2020, when income rose by 121%. 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 Wins 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 81st percentile within SC. Charities of a similar size with the same main cause include LLL Resources Inc ($879k), Christian Center Inc ($879k) and Faith in New York Inc ($879k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $122k against liabilities of $0, net assets of $122k.