Interfaith Housing Corporation

Analysis

Interfaith Housing Corporation is a registered charity in United States, based in Nappanee, IN. It received its IRS tax-exemption ruling in January 1971, 55 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Interfaith Housing Corporation reported income of $1.2m and spending of $1.5m, spending 122% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.2m to $1.2m (+0.5%), an average of +0.2% a year. Over the whole period it spent 110% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Interfaith Housing Corporation sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within IN. Charities of a similar size with the same main cause include Waterbury First Church Housing Inc ($1.2m), Christmas in Action Inc ($1.2m) and Villa Madonna Inc ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 98% of the total. Other salaries and wages came to $218k. At year end it held assets of $5.5m against liabilities of $3.0m, net assets of $2.5m.

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.