Interfaith Housing Development Corporation of Chicago

Analysis

Interfaith Housing Development Corporation of Chicago is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in September 1997, 29 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 (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 Housing Development Corporation of Chicago reported income of $7.5m and spending of $14.2m, spending 189% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.2m to $7.5m (+43%), an average of +9.4% a year. The sharpest change came in the year to December 2021, when income rose by 191%. Over the whole period it spent 114% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Interfaith Housing Development Corporation of Chicago sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within IL. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($7.5m), Fund for Public Housing Inc ($7.5m) and Crossroads Lousiana Inc ($7.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 49% and program service revenue 42% of the total. Compensation of current officers, directors and key employees was $250k (1.8% of expenses). Other salaries and wages came to $185k. At year end it held assets of $3.4m against liabilities of $2.6m, net assets of $796k. It reported 4 employees.