Interfaith Housing Alliance Inc

Analysis

Interfaith Housing Alliance Inc is a registered charity in United States, based in Frederick, MD. It received its IRS tax-exemption ruling in April 1991, 35 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 June 2023, Interfaith Housing Alliance Inc reported income of $2.0m and spending of $1.8m, spending 92% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.9m to $2.0m (+3.0%), an average of +1.0% a year. The sharpest change came in the year to June 2021, when income dropped by 27%. Over the whole period it spent 94% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Interfaith Housing Alliance Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within MD. Charities of a similar size with the same main cause include Sugar Valley Lodge Inc ($2.0m), Independence Square Housing Corp Inc ($2.0m) and Garden Grove Housing Corporation ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 51% and program service revenue 47% of the total. Compensation of current officers, directors and key employees was $273k (15% of expenses). Other salaries and wages came to $688k. At year end it held assets of $2.9m against liabilities of $3.0m, net assets of -$52k. It reported 22 employees.