Faithful Few Ministries

Analysis

Faithful Few Ministries is a registered charity in United States, based in Denison, TX. It received its IRS tax-exemption ruling in June 2020, 6 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, Faithful Few Ministries reported income of $296k and spending of $161k, leaving 45% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $135k to $296k (+119%), an average of +30% a year. The sharpest change came in the year to December 2021, when income rose by 35%. Over the whole period it spent 69% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Faithful Few Ministries sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 66th percentile within TX. Charities of a similar size with the same main cause include Let Freedom Ring Foundation ($296k), Build International Ministries ($296k) and Cross Vision Missions ($296k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Other salaries and wages came to $58k. At year end it held assets of $264k against liabilities of $0, net assets of $264k. It reported 1 employees.