Interfaith Community Pads Inc

Analysis

Interfaith Community Pads Inc is a registered charity in United States, based in Michigan City, IN. It received its IRS tax-exemption ruling in August 2017, 9 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 Community Pads Inc reported income of $497k and spending of $312k, leaving 37% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $621k to $497k (-20%), an average of -5.4% a year. The sharpest change came in the year to December 2023, when income rose by 60%. Over the whole period it spent 52% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Interfaith Community Pads Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within IN. Charities of a similar size with the same main cause include Roanoke Valley Adult Day Care Center Inc ($497k), Victory Transformation Inc ($497k) and Crush Athletics ($497k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $50k (16% of expenses). At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m. It reported 14 employees.