Multifaith Alliance Inc

Analysis

Multifaith Alliance Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in April 2022, 4 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Multifaith Alliance Inc reported income of $1.8m and spending of $1.5m, spending 82% of its income. Across the 5 years on record, from December 2018 to December 2023, income grew from $6,700 to $1.8m (+26426%), an average of +304% a year. The sharpest change came in the year to December 2022, when income rose by 77350%. Over the whole period it spent 83% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Multifaith Alliance Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 82nd percentile within NY. Charities of a similar size with the same main cause include Guernica Centre for International Justice ($1.8m), Operation Bootstrap-Africa ($1.8m) and Maine International Trade Center ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $163k (11% of expenses). Other salaries and wages came to $318k. It paid $1,810 in professional fundraising fees. At year end it held assets of $508k against liabilities of $90k, net assets of $418k. It reported 6 employees.