Faith Based and Community Initiatives Foundation

Analysis

Faith Based and Community Initiatives Foundation is a registered charity in United States, based in Chattanooga, TN. It received its IRS tax-exemption ruling in August 2019, 7 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 June 2022, Faith Based and Community Initiatives Foundation reported income of $442k and spending of $374k, spending 85% of its income. Across the 2 years on record, from June 2021 to June 2022, income grew from $414k to $442k (+6.5%), an average of +6.5% a year. Over the whole period it spent 91% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Faith Based and Community Initiatives Foundation sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 70th percentile within TN. Charities of a similar size with the same main cause include Community Health Alliance ($441k), Osprey Village Thrift Stores LLC ($442k) and United Way of West Ellis Couny Inc ($441k).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $191k (51% of expenses). Other salaries and wages came to $59k. At year end it held assets of $110k against liabilities of $2,977, net assets of $108k. It reported 5 employees.