Infrastructure Financial Services

Analysis

Infrastructure Financial Services is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in August 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Infrastructure Financial Services reported income of $8.1m and spending of $11.2m, spending 138% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $518k to $8.1m (+1457%), an average of +99% a year. The sharpest change came in the year to December 2022, when income rose by 875%. Over the whole period it spent 171% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Infrastructure Financial Services sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 96th percentile within TX. Charities of a similar size with the same main cause include Latin American Community Center Inc ($8.1m), Easter Seals Vermont Inc ($8.1m) and The Arc of Litchfield County Inc ($8.1m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 96% of the total. Compensation of current officers, directors and key employees was $30k (0.3% of expenses). At year end it held assets of $26.5m against liabilities of $30.7m, net assets of -$4.2m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.