Texas Inter-Faith Management Corporation

Analysis

Texas Inter-Faith Management Corporation is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in August 2000, 26 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 Management Corporation reported income of $2.5m and spending of $2.0m, spending 83% of its income. Across the 4 years on record, from December 2018 to December 2023, income grew from $1.4m to $2.5m (+75%), an average of +20% a year. The sharpest change came in the year to December 2021, when income rose by 24%. Over the whole period it spent 88% 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 Management Corporation sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 90th percentile within TX. Charities of a similar size with the same main cause include Progressive Baptist Church Housing Foundation Inc ($2.5m), Housing for Hoboken Inc ($2.5m) and Tallahassee Lenders Consortium Inc ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 91% of the total. At year end it held assets of $5.9m against liabilities of $968k, net assets of $4.9m.