Interfaith Partnership for the Homeless

Analysis

Interfaith Partnership for the Homeless is a registered charity in United States, based in Albany, NY. It received its IRS tax-exemption ruling in June 1985, 41 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 December 2023, Interfaith Partnership for the Homeless reported income of $6.7m and spending of $6.3m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.3m to $6.7m (+26%), an average of +6.0% a year. The sharpest change came in the year to December 2020, when income rose by 47%. Over the whole period it spent 84% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Interfaith Partnership for the Homeless sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within NY. Charities of a similar size with the same main cause include Northeast Senior Health Corporation ($6.7m), Community Housing Initiatives Inc ($6.7m) and Homes of Hope Inc ($6.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 3.0% of the total. Compensation of current officers, directors and key employees was $615k (9.7% of expenses). Other salaries and wages came to $2.7m. At year end it held assets of $15.7m against liabilities of $4.0m, net assets of $11.7m. It reported 154 employees.