Interfaith Housing Development Corporation

Analysis

Interfaith Housing Development Corporation is a registered charity in United States, based in Bristol, PA. It received its IRS tax-exemption ruling in April 1988, 38 years ago. 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 2022, Interfaith Housing Development Corporation reported income of $839k and spending of $1.7m, spending 198% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $4.7m to $839k (-82%), an average of -44% a year. The sharpest change came in the year to December 2020, when income dropped by 76%. Over the whole period it spent 79% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Interfaith Housing Development Corporation sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 76th percentile within PA. Charities of a similar size with the same main cause include Big Brothers Big Sisters of the Permian Basin Inc ($839k), Southeast Intervention Group Inc ($839k) and Jens-Pres Inc ($839k).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 100% of the total. At year end it held assets of $11.4m against liabilities of $9.1m, net assets of $2.3m.

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.