Mat-Su Valley Interfaith Hospitality Network

Analysis

Mat-Su Valley Interfaith Hospitality Network is a registered charity in United States, based in Wasilla, AK. It received its IRS tax-exemption ruling in August 2002, 24 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, Mat-Su Valley Interfaith Hospitality Network reported income of $284k and spending of $398k, spending 140% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $244k to $284k (+16%), an average of +3.8% a year. The sharpest change came in the year to December 2022, when income rose by 318%. Over the whole period it spent 82% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Mat-Su Valley Interfaith Hospitality Network sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 55th percentile within AK. Charities of a similar size with the same main cause include Clear Lake Food Pantry ($284k), Clinton Central School District Foundation ($284k) and Bristol Faith in Action Inc ($284k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 2.2% of the total. Compensation of current officers, directors and key employees was $53k (13% of expenses). Other salaries and wages came to $85k. At year end it held assets of $781k against liabilities of $124k, net assets of $657k. It reported 4 employees.