New Milford Inter Faith Housing Inc

Analysis

New Milford Inter Faith Housing Inc is a registered charity in United States, based in New Milford, CT. It received its IRS tax-exemption ruling in December 1971, 55 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 December 2023, New Milford Inter Faith Housing Inc reported income of $1.0m and spending of $1.2m, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $922k to $1.0m (+12%), an average of +2.9% a year. Over the whole period it spent 116% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Milford Inter Faith Housing Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 78th percentile within CT. Charities of a similar size with the same main cause include Pierce County Library Foundation ($1.0m), Lutheran Housing Association for the Elderly of the V I Inc ($1.0m) and Crafton Tower-Ahi Inc ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.6% and program service revenue 94% of the total. Other salaries and wages came to $164k. At year end it held assets of $919k against liabilities of $1.8m, net assets of -$921k.

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.