Interim Inc

Analysis

Interim Inc is a registered charity in United States, based in Monterey, CA. It received its IRS tax-exemption ruling in September 1975, 51 years ago. 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 June 2023, Interim Inc reported income of $24.8m and spending of $24.0m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $17.9m to $24.8m (+38%), an average of +8.5% a year. The sharpest change came in the year to June 2022, when income rose by 21%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Interim Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within CA. Charities of a similar size with the same main cause include Medstar Ambulatory Services Inc ($24.8m), Curtis School Foundation ($24.8m) and Holland Christian Education Society ($24.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% and program service revenue 7.4% of the total. Compensation of current officers, directors and key employees was $641k (2.7% of expenses). Other salaries and wages came to $13.6m. At year end it held assets of $39.0m against liabilities of $15.8m, net assets of $23.2m. It reported 279 employees.