Faith House Inc

Nonprofit profile at a glance

EIN
842362051
IRS 990-EZ coverage
2021–2024
Forms available
Form 990 2023, Form 990-EZ 2024, Form 990-N 2020
Location
Westbury, NY, USA
Phone
8457319607
Rating
94
Verdict
STRONG
Rating confidence
Moderate
Sector
Religious Media, Communications
Affiliation
Christianity

Reported finances

Revenue
$92,716
Expenses
$83,425
Assets
$88,210
Liabilities
$9,564

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

  • KIT MUI FLORENCE NG (PRESIDENT)

People named in this filing

  • KIT MUI FLORENCE NG (PRESIDENT)
  • JULIE LAU (SECRETARY)
  • SANDY CHAN (TREASURER)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To witness that the lord jesus christ is god incarnate, and to seek to lead others to personal faith in christ as lord and savior. This goal shall be accomplished through music, arts, multimedia, personal communications, and sharing of god's words.

What it reported doing in 2024

Faith house inc launched its first live streaming christian music program via facebook and youtube in september 2021. Faith house inc continued its free monthly live streaming youtube program on the last friday of every month during 2024. There has been a steady increase of viewers and the viewership coverage expanded from the us to other north american and asian countries. Beyond live streaming programs, during 2024, the staff of faith house inc also reached out a religious worship and christian music based workshops in toronto canada, participated at various music sharings and worship service at a New Jersey church, conducted music ministry audio & video training for other ministries in New York city, shared its music and god's message at various conferences, and engaged frequently in spreading god's words and messages with local church communities in queens and brooklyn. Approximately 30 volunteers actively participated in these events throughout the year.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Total assets are small relative to annual expenses; liquid coverage is unknown and reported officer compensation is a large share of total spending, which may reflect staffing concentration.

Rating breakdown

  • Financial Efficiency: 94
  • Transparency & Controls: 100
  • Sustainability: 46
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 90%; rating input score 90
  • Program expense ratio: 100%; rating input score 100

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: 10%; rating input score 62; 62nd percentile among comparable filings
  • Total-asset coverage ratio: 1.06; rating input score 48; 48th percentile among comparable filings
  • Liabilities to assets ratio: 0.11; rating input score 17; 17th percentile among comparable filings
  • Officer compensation ratio: 47.9%; rating input score 3; 3rd percentile among comparable filings

Growth

  • Program expense growth: 31.1% per year; rating input score 100; 88th percentile among comparable filings
  • Revenue growth: 13.9% per year; rating input score 100; 86th percentile among comparable filings
  • Asset growth: 17.1% per year; rating input score 100; 83rd percentile among comparable filings

Details

  • Where the money goes: 90% of revenue deployed · 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $83K in reported program spending
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 3 filing years from 2021 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Sustainability: Total-asset coverage ratio scored 48/100.
  • High — Sustainability: Officer compensation ratio scored 3/100.
  • High — Sustainability: Liabilities to assets ratio scored 17/100.