Texas Inter-Faith Housing Corporati on

Analysis

Texas Inter-Faith Housing Corporati on is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in February 1968, 58 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 December 2023, Texas Inter-Faith Housing Corporati on reported income of $6.0m and spending of $2.4m, leaving 60% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $2.0m to $6.0m (+201%), an average of +25% a year. The sharpest change came in the year to December 2021, when income rose by 437%. Over the whole period it spent 83% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Texas Inter-Faith Housing Corporati on sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 95th percentile within TX. Charities of a similar size with the same main cause include Humble Design Inc ($6.0m), Friendship Apartment Village Corporation ($6.0m) and West Hollywood Community Housing Corporation ($6.0m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 93% of the total. At year end it held assets of $25.8m against liabilities of $4.9m, net assets of $20.9m.