Faith Place Inc

Analysis

Faith Place Inc is a registered charity in United States, based in Sun Prairie, WI. It received its IRS tax-exemption ruling in May 2021, 5 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Faith Place Inc reported income of $225k and spending of $220k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $219k to $225k (+2.5%), an average of +0.6% a year. The sharpest change came in the year to December 2020, when income rose by 86%. Over the whole period it spent 86% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Faith Place Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 56th percentile within WI. Charities of a similar size with the same main cause include Toward Jerusalem Council II ($225k), Gurudwara Guru Kalgidhar Sahib ($225k) and Iglesia Del Dios Vivo Cristo Viene Gainesville Inc ($225k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 8.7% of the total. Compensation of current officers, directors and key employees was $43k (20% of expenses). Other salaries and wages came to $28k. At year end it held assets of $879k against liabilities of $651k, net assets of $228k. It reported 3 employees.