Good Faith Network Inc

Analysis

Good Faith Network Inc is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in September 2021, 5 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Good Faith Network Inc reported income of $1.2m and spending of $600k, leaving 52% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $270k to $1.2m (+358%), an average of +114% a year. The sharpest change came in the year to December 2023, when income rose by 418%. Over the whole period it spent 54% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Good Faith Network Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within CA. Charities of a similar size with the same main cause include Navajo Evangelical Lutheran Mission Inc ($1.2m), Rav Chaims Kollelim Inc ($1.2m) and Trinity Building Corporation ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 9.0% of the total. Other salaries and wages came to $143k. At year end it held assets of $809k against liabilities of $10k, net assets of $798k. It reported 4 employees.