Interfaith Works of Central New York Inc

Analysis

Interfaith Works of Central New York Inc is a registered charity in United States, based in Syracuse, NY. It received its IRS tax-exemption ruling in September 1977, 49 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Interfaith Works of Central New York Inc reported income of $8.3m and spending of $8.0m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.3m to $8.3m (+155%), an average of +26% a year. The sharpest change came in the year to December 2022, when income rose by 86%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Interfaith Works of Central New York Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 92nd percentile within NY. Charities of a similar size with the same main cause include MMC Corporation ($8.3m), New Horizons Community Support Services Inc ($8.3m) and York County Library System ($8.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 8.3% of the total. Compensation of current officers, directors and key employees was $442k (5.5% of expenses). Other salaries and wages came to $3.0m. At year end it held assets of $7.6m against liabilities of $1.4m, net assets of $6.3m. It reported 91 employees.