Faith Temple Food Giveaway

Analysis

Faith Temple Food Giveaway is a registered charity in United States, based in Sioux Falls, SD. It received its IRS tax-exemption ruling in August 2018, 8 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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 March 2023, Faith Temple Food Giveaway reported income of $454k and spending of $488k, spending 107% of what it took in. Across the 2 years on record, from March 2022 to March 2023, income grew from $270k to $454k (+69%), an average of +68% a year. The sharpest change came in the year to March 2023, when income rose by 69%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Faith Temple Food Giveaway sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 68th percentile within SD. Charities of a similar size with the same main cause include Compassion for Freedom ($454k), Orran ($454k) and Childhaven Foundation Inc ($454k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $127k against liabilities of $14k, net assets of $114k.