Faith Commons

Analysis

Faith Commons is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in February 2018, 8 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 Commons reported income of $218k and spending of $251k, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $207k to $218k (+4.9%), an average of +1.2% a year. The sharpest change came in the year to December 2020, when income rose by 40%. Over the whole period it spent 75% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Faith Commons sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 59th percentile within TX. Charities of a similar size with the same main cause include The Octet Collaborative Inc ($218k), Sacramento Portuguese Holy Spirit Society ($218k) and Awakened Heart Project ($218k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $337k against liabilities of -$6,467, net assets of $343k.