Inter-Faith Council for Social Service

Analysis

Inter-Faith Council for Social Service is a registered charity in United States, based in Carrboro, NC. It received its IRS tax-exemption ruling in November 1970, 56 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, Inter-Faith Council for Social Service reported income of $3.8m and spending of $3.8m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $5.8m to $3.8m (-34%), an average of -9.9% a year. The sharpest change came in the year to June 2020, when income dropped by 49%. Over the whole period it spent 78% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Inter-Faith Council for Social Service sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within NC. Charities of a similar size with the same main cause include Childrens Service Society of Utah ($3.8m), Life Inter Faith Team on Unemployment and Poverty ($3.8m) and Adoptions From the Heart Inc ($3.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $209k (5.5% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $16.5m against liabilities of $0, net assets of $16.5m. It reported 56 employees.