Interfaith Charities of South Lee Inc

Analysis

Interfaith Charities of South Lee Inc is a registered charity in United States, based in Fort Myers, FL. It received its IRS tax-exemption ruling in December 1993, 33 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Interfaith Charities of South Lee Inc reported income of $2.5m and spending of $2.6m, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $2.5m (+76%), an average of +15% a year. The sharpest change came in the year to December 2022, when income rose by 30%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Interfaith Charities of South Lee Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within FL. Charities of a similar size with the same main cause include Boost Others Inc ($2.5m), Project Beauty Share ($2.5m) and Interfaith Caring Ministries Inc ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $50k (1.9% of expenses). Other salaries and wages came to $112k. At year end it held assets of $883k against liabilities of $26k, net assets of $857k. It reported 5 employees.