Branford Interfaith Housing Corporation

Analysis

Branford Interfaith Housing Corporation is a registered charity in United States, based in Branford, CT. It received its IRS tax-exemption ruling in April 1989, 37 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 June 2023, Branford Interfaith Housing Corporation reported income of $258k and spending of $325k, spending 126% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $257k to $258k (+0.4%), an average of +0.1% a year. Over the whole period it spent 122% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Branford Interfaith Housing Corporation sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 56th percentile within CT. Charities of a similar size with the same main cause include West Oak Lane Community Development Corp ($258k), Turn Back the Block Inc ($258k) and Peoples Community Development Corporation ($257k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.0% and program service revenue 100% of the total. At year end it held assets of $2.5m against liabilities of $459k, net assets of $2.0m.

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.