Interfaith Ministries for Greater Houston

Analysis

Interfaith Ministries for Greater Houston is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in November 1964, 62 years ago. 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, Interfaith Ministries for Greater Houston reported income of $50.3m and spending of $49.9m, spending 99% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $17.7m to $50.3m (+185%), an average of +42% a year. The sharpest change came in the year to June 2023, when income rose by 68%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Interfaith Ministries for Greater Houston sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within TX. Charities of a similar size with the same main cause include Robert R McCormick Foundation ($50.1m), Gulfside Hospice Inc ($50.4m) and The Chrysalis Center ($50.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 1.1% of the total. Compensation of current officers, directors and key employees was $555k (1.1% of expenses). Other salaries and wages came to $9.5m. It paid $252k in professional fundraising fees. At year end it held assets of $18.0m against liabilities of $2.3m, net assets of $15.7m. It reported 298 employees.