Faith Matters Network Collaborative

Analysis

Faith Matters Network Collaborative is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in August 2022, 4 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 Network Collaborative reported income of $1.5m and spending of $1.2m, spending 82% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $1.6m to $1.5m (-2.2%), an average of -2.2% a year. Over the whole period it spent 56% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Faith Matters Network Collaborative sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within TN. Charities of a similar size with the same main cause include Operation Support Our Troops - America Inc ($1.5m), Greater Wheeling Coalition for the Homeless Inc ($1.5m) and Scarsdale Volunteer Ambulance Corps Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 1.8% of the total. Compensation of current officers, directors and key employees was $218k (18% of expenses). Other salaries and wages came to $516k. At year end it held assets of $1.4m against liabilities of $17k, net assets of $1.3m. It reported 12 employees.