Faithcare Inc
- Assets
- $111.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Reading, PA
- Founding
- 03/2006
- Data as of
- 12/2022
- EIN
- 68-0601468
Organization Overview
Faithcare Inc is located in Reading, PA. The organization was established in 2006. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Faithcare Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Faithcare Inc generated $122.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (10.0%) each year. All expenses for the organization totaled $158.6k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (7.6%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
0
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter F Schnatz Do Chariman | 20 | $0 | |
Charles A Mckay Jr MD Secretarytreasurer | 10 | $0 | |
Bernard Ogwu Agaba 0 | 2 | $0 | |
Doug A Larter 0 | 6 | $0 | |
Rev Tom Furrer 0 | 6 | $0 | |
Arthur W Hill 0 | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $64,629 |
| Total Program Service Revenue | $40,780 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $17,071 |
| Other Revenue | $20 |
| Total Revenue | $122,500 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $84,899 |
| Professional fees and other payments to independent contractors | $23,825 |
| Occupancy, rent, utilities, and maintenance | $9,613 |
| Printing, publications, postage, and shipping | $523 |
| Other expenses | $39,736 |
| Total expenses | $158,596 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $96,906 |
| Other assets | $0 |
| Total assets | $111,786 |
| Total liabilities | $3,456 |
| Net assets or fund balances | $108,330 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Faithcare Inc has recieved totaling $24,050.
| Awarding Organization | Amount |
|---|---|
The Stu And Betsy Reese Family Foundation Marco Island, FL PURPOSE: GENERAL PURPOSE | $12,500 |
Schwab Charitable Fund San Francisco, CA PURPOSE: RELIGION RELATED | $11,550 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Healthcare Physicians Inc Martinsburg, WV | $27,421,318 | $84,817,307 |
Word Of Life Fellowship Inc Schroon Lake, NY | $120,358,230 | $77,023,933 |
Gospel Light Mennonite Church Medical Aid Plan Canton, OH | $23,765,488 | $52,923,721 |
Vision Benefits Of America Inc Suite 400 Carnegie, PA | $64,908,622 | $38,442,292 |
National Church Residences Foundation Columbus, OH | $124,164,884 | $10,642,562 |
Diakon Child Family & Community Ministries Topton, PA | $23,881,449 | $28,006,448 |
Strategic Resource Group Inc Easton, MD | $12,208,514 | $28,797,480 |
Lutheran Home Westlake, OH | $17,550,739 | $14,990,939 |
Chayim Vchesed Inc Brooklyn, NY | $4,624,709 | $20,578,750 |
Word Among Us Inc Frederick, MD | $22,622,798 | $15,315,908 |
Church Of God Home Inc Carlisle, PA | $19,131,303 | $10,297,438 |
Back 2 Back Ministries Inc Mason, OH | $16,341,723 | $15,736,396 |