Interfaith Works Inc

Analysis

Interfaith Works Inc is a registered charity in United States, based in Rockville, MD. It received its IRS tax-exemption ruling in January 2002, 24 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Interfaith Works Inc reported income of $17.6m and spending of $17.6m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $13.9m to $17.6m (+26%), an average of +6.0% a year. The sharpest change came in the year to June 2021, when income rose by 25%. Over the whole period it spent 98% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Interfaith Works Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within MD. Charities of a similar size with the same main cause include Allgemeine Anthroposophische ($17.4m), The Catholic Foundation of Greater Philadelphia ($17.7m) and World Olivet Assembly Inc ($17.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.5% of the total. Compensation of current officers, directors and key employees was $199k (1.1% of expenses). Other salaries and wages came to $6.8m. At year end it held assets of $6.5m against liabilities of $4.6m, net assets of $1.9m. It reported 199 employees.