Keep the Faith Ministries

Analysis

Keep the Faith Ministries is a registered charity in United States, based in Locust Dale, VA. It received its IRS tax-exemption ruling in June 1997, 29 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, Keep the Faith Ministries reported income of $603k and spending of $496k, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $615k to $603k (-1.9%), an average of -0.5% a year. The sharpest change came in the year to December 2022, when income rose by 65%. Over the whole period it spent 78% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Keep the Faith Ministries sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within VA. Charities of a similar size with the same main cause include Sri Balaji Temple of Great Lakes ($603k), Real Impact Missions Inc ($603k) and Jacksonville Kachin Baptist Church Inc ($603k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $100k (20% of expenses). Other salaries and wages came to $100k. At year end it held assets of $4.0m against liabilities of $1,076, net assets of $4.0m. It reported 5 employees.