Interfaith Network of Care Inc

Analysis

Interfaith Network of Care Inc is a registered charity in United States, based in Milltown, NJ. It received its IRS tax-exemption ruling in July 1996, 30 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Network of Care Inc reported income of $87k and spending of $80k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $145k to $87k (-40%), an average of -12% a year. The sharpest change came in the year to December 2020, when income dropped by 42%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Interfaith Network of Care Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 41st percentile within NJ. Charities of a similar size with the same main cause include Galilee Foundation ($87k), Medina Economic Development ($87k) and The Varkey Charitable Foundation Inc ($87k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $61k (76% of expenses). At year end it held assets of $17k against liabilities of $3,000, net assets of $14k. It reported 1 employees.