Life Inter Faith Team on Unemployment and Poverty

Analysis

Life Inter Faith Team on Unemployment and Poverty is a registered charity in United States, based in Rifle, CO. It received its IRS tax-exemption ruling in February 1984, 42 years ago. 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, Life Inter Faith Team on Unemployment and Poverty reported income of $3.8m and spending of $4.1m, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.6m to $3.8m (+47%), an average of +10% a year. The sharpest change came in the year to December 2023, when income rose by 41%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Life Inter Faith Team on Unemployment and Poverty sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within CO. Charities of a similar size with the same main cause include Inter-Faith Council for Social Service ($3.8m), Eisenhower Foundation ($3.8m) and Childrens Service Society of Utah ($3.8m).

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 $119k (2.9% of expenses). Other salaries and wages came to $747k. At year end it held assets of $4.5m against liabilities of $1.9m, net assets of $2.6m. It reported 26 employees.