Biz by Faith

Analysis

Biz by Faith is a registered charity in United States, based in Saint Louis, MO. It received its IRS tax-exemption ruling in April 2020, 6 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Biz by Faith reported income of $139k and spending of $133k, spending 96% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $115k to $139k (+21%), an average of +21% a year. The sharpest change came in the year to December 2023, when income rose by 21%. Over the whole period it spent 88% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Biz by Faith sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 43rd percentile within MO. Charities of a similar size with the same main cause include Ssmid II ($139k), Edmond Womens Club ($139k) and First Hill Improvement Association ($139k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 4.4% and program service revenue 96% of the total. At year end it held assets of $42k against liabilities of $0, net assets of $42k.