Interchurch Center

Analysis

Interchurch Center is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in April 1956, 70 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Interchurch Center reported income of $14.4m and spending of $13.3m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $16.1m to $14.4m (-10%), an average of -2.7% a year. The sharpest change came in the year to December 2022, when income dropped by 15%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Interchurch Center sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within NY. Charities of a similar size with the same main cause include Goodwill Industries of Tenneva Area Inc ($14.4m), Oak Hill School ($14.5m) and Girl Scouts of Eastern Missouri Inc ($14.4m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 97% of the total. Compensation of current officers, directors and key employees was $306k (2.3% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $56.6m against liabilities of $2.7m, net assets of $53.9m. It reported 9 employees.