Faith Without Works Inc

Analysis

Faith Without Works Inc is a registered charity in United States, based in Lakeland, FL. It received its IRS tax-exemption ruling in December 2009, 17 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Without Works Inc reported income of $692k and spending of $802k, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $610k to $692k (+13%), an average of +3.2% a year. The sharpest change came in the year to December 2023, when income rose by 24%. Over the whole period it spent 116% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Faith Without Works Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 77th percentile within FL. Charities of a similar size with the same main cause include Finseca Foundation ($692k), Hearts Full of Love ($692k) and Manvel-Iowa Colony Lions Club ($692k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $16k (1.9% of expenses). Other salaries and wages came to $405k. At year end it held assets of $55k against liabilities of $474k, net assets of -$419k. It reported 33 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.