Interfaith Ministries of Wichita Falls Inc

Analysis

Interfaith Ministries of Wichita Falls Inc is a registered charity in United States, based in Wichita Falls, TX. It received its IRS tax-exemption ruling in October 1981, 45 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 Ministries of Wichita Falls Inc reported income of $769k and spending of $629k, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $405k to $769k (+90%), an average of +17% a year. The sharpest change came in the year to December 2020, when income rose by 24%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Interfaith Ministries of Wichita Falls Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 80th percentile within TX. Charities of a similar size with the same main cause include Touching Families Inc ($769k), Twelve Step Education Program of New England Inc ($769k) and Impact Change ($769k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $61k (9.7% of expenses). Other salaries and wages came to $109k. At year end it held assets of $1.9m against liabilities of $19k, net assets of $1.8m. It reported 4 employees.