Multifaith Neighbors Network Inc

Analysis

Multifaith Neighbors Network Inc is a registered charity in United States, based in Keller, TX. It received its IRS tax-exemption ruling in October 2020, 6 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 2023, Multifaith Neighbors Network Inc reported income of $557k and spending of $475k, spending 85% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $478k to $557k (+16%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 16%. Over the whole period it spent 80% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Multifaith Neighbors Network Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 76th percentile within TX. Charities of a similar size with the same main cause include Design Thinking Hawaii ($557k), William M Factory Small Business Incubator ($557k) and Lake City Collective ($557k).

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 $4,000 (0.8% of expenses). At year end it held assets of $301k against liabilities of $1,631, net assets of $299k.