Interfaith Homes Incorporated

Analysis

Interfaith Homes Incorporated is a registered charity in United States, based in Bloomfield, CT. It received its IRS tax-exemption ruling in December 1968, 58 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 August 2024, Interfaith Homes Incorporated reported income of $1.7m and spending of $1.5m, spending 90% of its income. Across the 5 years on record, from August 2020 to August 2024, income fell from $1.8m to $1.7m (-8.0%), an average of -2.1% a year. The sharpest change came in the year to August 2021, when income dropped by 16%. Over the whole period it spent 93% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Interfaith Homes Incorporated sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within CT. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($1.7m), Golden Empire Affordable Housing Inc ($1.7m) and Old Timers Housing Development Corporation of Chino ($1.7m).

On its Form 990 for the period ending August 2024, revenue came from program service revenue 99% of the total. Other salaries and wages came to $229k. At year end it held assets of $1.8m against liabilities of $104k, net assets of $1.7m. It reported 8 employees.