Interfaith Homes of Longmeadow Phase Two Inc

Analysis

Interfaith Homes of Longmeadow Phase Two Inc is a registered charity in United States, based in Longmeadow, MA. It received its IRS tax-exemption ruling in August 1984, 42 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Interfaith Homes of Longmeadow Phase Two Inc reported income of $309k and spending of $395k, spending 128% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $275k to $309k (+12%), an average of +2.9% a year. Over the whole period it spent 134% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Interfaith Homes of Longmeadow Phase Two Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 64th percentile within MA. Charities of a similar size with the same main cause include Juust Living ($309k), Wheeler School & Library of North Stonington ($309k) and All Faith Community Services ($309k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 95% of the total. At year end it held assets of $3.8m against liabilities of $5.2m, net assets of -$1.4m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.