The Tri-Faith Initiative of Omaha Nebraska

Analysis

The Tri-Faith Initiative of Omaha Nebraska is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in May 2007, 19 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, The Tri-Faith Initiative of Omaha Nebraska reported income of $939k and spending of $1.4m, spending 149% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.5m to $939k (-35%), an average of -10% a year. The sharpest change came in the year to December 2020, when income rose by 72%. Over the whole period it spent 83% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, The Tri-Faith Initiative of Omaha Nebraska sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within NE. Charities of a similar size with the same main cause include Created Institute Inc ($939k), Won Edification Center Ofpennsylvania Inc ($940k) and LA Woori Community Church ($939k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 101% and program service revenue 1.3% of the total. Compensation of current officers, directors and key employees was $166k (12% of expenses). Other salaries and wages came to $443k. At year end it held assets of $8.8m against liabilities of $95k, net assets of $8.7m. It reported 8 employees.