Metropolitan Inter-Faith Assoc

Analysis

Metropolitan Inter-Faith Assoc is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in May 1969, 57 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Metropolitan Inter-Faith Assoc reported income of $15.0m and spending of $14.8m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $9.3m to $15.0m (+61%), an average of +13% a year. The sharpest change came in the year to June 2020, when income rose by 76%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Metropolitan Inter-Faith Assoc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within TN. Charities of a similar size with the same main cause include Community Foundation Martin St Lucie Inc ($15.0m), Moses-Weitzman Health System Inc ($15.0m) and Copeland Oaks ($15.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 88% and program service revenue 10% of the total. Compensation of current officers, directors and key employees was $784k (5.3% of expenses). Other salaries and wages came to $3.6m. At year end it held assets of $32.5m against liabilities of $3.5m, net assets of $28.9m. It reported 131 employees.