Faith Matters Foundation Inc

Analysis

Faith Matters Foundation Inc is a registered charity in United States, based in Meridian, ID. 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 Matters Foundation Inc reported income of $804k and spending of $755k, spending 94% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $312k to $804k (+158%), an average of +158% a year. The sharpest change came in the year to December 2023, when income rose by 158%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Faith Matters Foundation Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 80th percentile within ID. Charities of a similar size with the same main cause include Jewish Federation of Eastern Connecticut Inc ($804k), Salem Family Ministries Inc ($804k) and American Registry of Pathology ($804k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $92k against liabilities of $14k, net assets of $77k.