Faith and Funky Junk

Analysis

Faith and Funky Junk is a registered charity in United States, based in Boerne, TX. It received its IRS tax-exemption ruling in March 2021, 5 years ago. 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, Faith and Funky Junk reported income of $320k and spending of $324k, spending 101% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $295k to $320k (+8.2%), an average of +4.0% a year. The sharpest change came in the year to December 2022, when income rose by 17%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Faith and Funky Junk sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 67th percentile within TX. Charities of a similar size with the same main cause include Creative Netwerk ($320k), W E B Dubois Learning Center ($320k) and Strides for Peace Inc ($320k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.4% and program service revenue 99% of the total. Other salaries and wages came to $163k. At year end it held assets of $51k against liabilities of $1,949, net assets of $50k. It reported 8 employees.