Friends of Faith

Analysis

Friends of Faith is a registered charity in United States, based in McCordsville, IN. It received its IRS tax-exemption ruling in September 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 (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, Friends of Faith reported income of $55k and spending of $35k, leaving 37% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $86k to $55k (-35%), an average of -36% a year. The sharpest change came in the year to December 2023, when income dropped by 35%. Over the whole period it spent 52% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Friends of Faith 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 22nd percentile, and in the 18th percentile within IN. Charities of a similar size with the same main cause include Gods Vision Ministries ($55k), Mon Buddhist Temple of Minnesota Corporation ($55k) and Iglesia de Jesucristo Pentecostal Inc ($55k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $102k against liabilities of $0, net assets of $102k.