Inter-Faith Care Center

Analysis

Inter-Faith Care Center is a registered charity in United States, based in Carlton, MN. It received its IRS tax-exemption ruling in November 1970, 56 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Inter-Faith Care Center reported income of $11.5m and spending of $11.8m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $11.1m to $11.5m (+4.1%), an average of +1.0% a year. Over the whole period it spent 105% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Inter-Faith Care Center sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within MN. Charities of a similar size with the same main cause include Jefferson Comprehensive Health Center Inc ($11.5m), Hebrew Home and Hospital Inc ($11.5m) and Oakes Community Hospital ($11.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.7% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $96k (0.8% of expenses). Other salaries and wages came to $5.4m. At year end it held assets of $8.4m against liabilities of $11.1m, net assets of -$2.7m. It reported 224 employees.