Interfaith Ministries of Denton Inc

Analysis

Interfaith Ministries of Denton Inc is a registered charity in United States, based in Denton, TX. It received its IRS tax-exemption ruling in October 1992, 34 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 2022, Interfaith Ministries of Denton Inc reported income of $413k and spending of $506k, spending 123% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $422k to $413k (-2.1%), an average of -0.7% a year. The sharpest change came in the year to December 2020, when income rose by 15%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Interfaith Ministries of Denton Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 72nd percentile within TX. Charities of a similar size with the same main cause include Advancing Lives in Pasadena ($413k), Lynx Foundation ($413k) and Adult Care Center of the Northern Shenandoah Valley Inc ($413k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $43k (8.5% of expenses). Other salaries and wages came to $110k. At year end it held assets of $509k against liabilities of $0, net assets of $509k. It reported 5 employees.