Inter-Faith Alliance Corporation

Analysis

Inter-Faith Alliance Corporation is a registered charity in United States, based in Shelby, NC. It received its IRS tax-exemption ruling in July 2009, 17 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, Inter-Faith Alliance Corporation reported income of $448k and spending of $837k, spending 187% of what it took in. Across the 6 years on record, from June 2019 to December 2023, income fell from $623k to $448k (-28%), an average of -6.4% a year. The sharpest change came in the year to December 2021, when income rose by 183%. Over the whole period it spent 114% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Inter-Faith Alliance Corporation sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within NC. Charities of a similar size with the same main cause include Maison D Amis ($448k), Guided by Humanity ($448k) and Child Advocacy Center of Cullman Inc ($448k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 4.4% of the total. Other salaries and wages came to $475k. It paid $33k in professional fundraising fees. At year end it held assets of $80k against liabilities of $633k, net assets of -$553k. It reported 29 employees.