Farnan Spirituality Center

Analysis

Farnan Spirituality Center is a registered charity in United States, based in Kansas City, MO. It received its IRS tax-exemption ruling in April 2022, 4 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Farnan Spirituality Center reported income of $121k and spending of $69k, leaving 43% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $300k to $121k (-60%), an average of -60% a year. The sharpest change came in the year to December 2023, when income dropped by 60%. Over the whole period it spent 22% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Farnan Spirituality Center sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 39th percentile within MO. Charities of a similar size with the same main cause include Machon Iyun Halacha Inc ($121k), Twelve21 Mission Inc ($121k) and Hot Springs Ministerial Association ($121k).

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 $461k against liabilities of $43k, net assets of $418k.