Faith and Work Enterprises Inc

Analysis

Faith and Work Enterprises Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in June 2018, 8 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Faith and Work Enterprises Inc reported income of $198k and spending of $150k, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $66k to $198k (+200%), an average of +32% a year. The sharpest change came in the year to December 2020, when income rose by 72%. Over the whole period it spent 93% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Faith and Work Enterprises Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 54th percentile within MD. Charities of a similar size with the same main cause include Southwest Tribal Fisheries Commission Inc ($198k), Addison Rotary Foundation Inc ($198k) and Ardmore Main Street Authority ($198k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $78k (52% of expenses). Other salaries and wages came to $5,200. At year end it held assets of $165k against liabilities of $0, net assets of $165k. It reported 3 employees.