Wings of Faith

Analysis

Wings of Faith is a registered charity in United States, based in Stevensville, MT. It received its IRS tax-exemption ruling in May 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, Wings of Faith reported income of $308k and spending of $177k, leaving 43% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $380k to $308k (-19%), an average of -19% a year. The sharpest change came in the year to December 2023, when income dropped by 19%. Over the whole period it spent 37% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Wings of Faith 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 62nd percentile, and in the 62nd percentile within MT. Charities of a similar size with the same main cause include Vietnam Great Tripitaka Foundation ($308k), Old Catholic and Traditional Church Diocese of St Ignatious of Antioch ($308k) and Liberating Ministeries for Christ International Inc ($308k).

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 $440k against liabilities of $5,539, net assets of $435k.