Faith at Work Ministries

Analysis

Faith at Work Ministries is a registered charity in United States, based in Kemp, TX. It received its IRS tax-exemption ruling in November 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 December 2023, Faith at Work Ministries reported income of $447k and spending of $260k, leaving 42% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $260k to $447k (+72%), an average of +31% a year. The sharpest change came in the year to December 2023, when income rose by 39%. Over the whole period it spent 56% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Faith at Work Ministries 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 68th percentile, and in the 73rd percentile within TX. Charities of a similar size with the same main cause include Family Promise of the Chippewa Valley Inc ($447k), A Step Ahead Foundation Tri-Cities ($447k) and Dwelling House of Hope Inc ($447k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 9.2% of the total. Compensation of current officers, directors and key employees was $32k (12% of expenses). At year end it held assets of $807k against liabilities of $288k, net assets of $518k.