Interfaith Hospitality Network of Colorado Springs

Analysis

Interfaith Hospitality Network of Colorado Springs is a registered charity in United States, based in Colorado Springs, CO. It received its IRS tax-exemption ruling in June 1997, 29 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 September 2023, Interfaith Hospitality Network of Colorado Springs reported income of $458k and spending of $446k, spending 97% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $614k to $458k (-25%), an average of -7.1% a year. The sharpest change came in the year to September 2020, when income rose by 83%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Interfaith Hospitality Network of Colorado Springs sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 66th percentile within CO. Charities of a similar size with the same main cause include Southwest Community Ministries Inc ($458k), Mount Pleasant Community Childcare ($458k) and Inner City Hope Corporation ($458k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $24k (5.3% of expenses). Other salaries and wages came to $142k. At year end it held assets of $407k against liabilities of $35k, net assets of $372k. It reported 19 employees.