Interfaith America

Analysis

Interfaith America is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in April 2004, 22 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 July 2023, Interfaith America reported income of $22.8m and spending of $14.0m, leaving 39% of income unspent that year. Across the 5 years on record, from July 2019 to July 2023, income grew from $4.5m to $22.8m (+406%), an average of +50% a year. The sharpest change came in the year to July 2020, when income rose by 295%. Over the whole period it spent 76% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Interfaith America sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within IL. Charities of a similar size with the same main cause include Glory of Zion International Ministries Inc ($22.7m), Inspiritus Inc ($22.9m) and The Timothy Initiative Inc ($22.7m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 98% and program service revenue 1.5% of the total. Compensation of current officers, directors and key employees was $2.1m (15% of expenses). Other salaries and wages came to $3.9m. At year end it held assets of $37.8m against liabilities of $2.8m, net assets of $35.0m. It reported 72 employees.