Interfaith Council on Poverty Inc

Analysis

Interfaith Council on Poverty Inc is a registered charity in United States, based in Hernando, MS. It received its IRS tax-exemption ruling in January 2002, 24 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2023, Interfaith Council on Poverty Inc reported income of $63k and spending of $74k, spending 118% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $48k to $63k (+31%), an average of +31% a year. The sharpest change came in the year to December 2023, when income rose by 31%. Over the whole period it spent 123% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Interfaith Council on Poverty Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 26th percentile within MS. Charities of a similar size with the same main cause include Homer Farmers Market Inc ($63k), Baycare Emergency Assistance Program Inc ($63k) and Compassionate Food Ministries Inc ($63k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $93k against liabilities of $0, net assets of $93k.