Faithcare Inc
- Assets
- $149.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Reading, PA
- Founding
- 03/2006
- Data as of
- 12/2023
- 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 12/2023, Faithcare Inc generated $144.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (7.2%) each year. All expenses for the organization totaled $90.0k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (12.5%) per year over the past 9 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
2023
Describe the Organization's Program Activity:
Part 3
FUNCTIONING CLINIC AND OPENING A NEW HOSPITAL AND INTERNATIONAL OUTREACH PROJECTS IN NUMEROUS COUNTRIES, MOSTLY NIGERIA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter F Schnatz President & Chairman | 20 | $0 | |
Douglas Larter VP & Treasurer | 10 | $0 | |
Father Thomas Furrer Secretary | 6 | $0 | |
John Nwangwu Board Member | 2 | $0 | |
Cyndee Price Board Member | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $116,806 |
| Total Program Service Revenue | $9,625 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $18,272 |
| Other Revenue | $30 |
| Total Revenue | $144,733 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $42,736 |
| Professional fees and other payments to independent contractors | $3,972 |
| Occupancy, rent, utilities, and maintenance | $68 |
| Printing, publications, postage, and shipping | $4,609 |
| Other expenses | $38,610 |
| Total expenses | $89,995 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $135,034 |
| Other assets | $0 |
| Total assets | $149,914 |
| Total liabilities | $3,651 |
| Net assets or fund balances | $146,263 |