Worcester Interfaith

Analysis

Worcester Interfaith is a registered charity in United States, based in Worcester, MA. It received its IRS tax-exemption ruling in October 1993, 33 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Worcester Interfaith reported income of $217k and spending of $414k, spending 191% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $452k to $217k (-52%), an average of -22% a year. The sharpest change came in the year to December 2023, when income dropped by 46%. Over the whole period it spent 88% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Worcester Interfaith sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 59th percentile within MA. Charities of a similar size with the same main cause include WMCF Support TR ($217k), Revitalize Russell Inc ($217k) and Assistance League of Arcadia ($217k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $254k. At year end it held assets of $293k against liabilities of $31k, net assets of $262k. It reported 5 employees.