Interfaith Hospitality Network of Washtenaw County Inc

Analysis

Interfaith Hospitality Network of Washtenaw County Inc is a registered charity in United States, based in Ann Arbor, MI. It received its IRS tax-exemption ruling in August 1992, 34 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 September 2023, Interfaith Hospitality Network of Washtenaw County Inc reported income of $1.6m and spending of $1.5m, spending 97% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.2m to $1.6m (+37%), an average of +8.3% a year. Over the whole period it spent 95% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Interfaith Hospitality Network of Washtenaw County Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within MI. Charities of a similar size with the same main cause include Cape Cod Apartments Inc ($1.6m), Springboard Collaborative Inc ($1.6m) and Senior Living Concepts ($1.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $88k (5.7% of expenses). Other salaries and wages came to $604k. At year end it held assets of $2.7m against liabilities of $31k, net assets of $2.7m. It reported 27 employees.