Faithtree Resources

Analysis

Faithtree Resources is a registered charity in United States, based in Valencia, CA. It received its IRS tax-exemption ruling in May 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, Faithtree Resources reported income of $302k and spending of $285k, spending 94% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $389k to $302k (-22%), an average of -12% a year. The sharpest change came in the year to December 2022, when income dropped by 28%. Over the whole period it spent 92% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Faithtree Resources sits at the 75th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 64th percentile within CA. Charities of a similar size with the same main cause include Eternal Truth Ministries ($302k), Heroes Church ($302k) and Turn Ministries ($302k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $75k (26% of expenses). Other salaries and wages came to $27k. At year end it held assets of $97k against liabilities of $9,301, net assets of $88k. It reported 3 employees.