Interfaith Refugee Ministry Inc

Analysis

Interfaith Refugee Ministry Inc is a registered charity in United States, based in New Bern, NC. It received its IRS tax-exemption ruling in January 1940, 86 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Interfaith Refugee Ministry Inc reported income of $1.6m and spending of $1.6m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $933k to $1.6m (+72%), an average of +14% a year. The sharpest change came in the year to December 2023, when income rose by 37%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Interfaith Refugee Ministry Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within NC. Charities of a similar size with the same main cause include Salem Research Institute Inc ($1.6m), Glastonbury Volunteer Ambulance Association Inc ($1.6m) and Connecticut Legal Rights Project Inc ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $530k. At year end it held assets of $319k against liabilities of $30k, net assets of $289k. It reported 20 employees.