Interfaith Works

Analysis

Interfaith Works is a registered charity in United States, based in Olympia, WA. It received its IRS tax-exemption ruling in March 1974, 52 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Interfaith Works reported income of $4.3m and spending of $4.4m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $4.3m (+265%), an average of +38% a year. The sharpest change came in the year to December 2020, when income rose by 185%. Over the whole period it spent 79% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Interfaith Works sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within WA. Charities of a similar size with the same main cause include Variety the Childrens Charity of Iowa ($4.3m), Lake Geauga United Headstart Inc ($4.3m) and Young Mens Christian Association John E Alexander South Wood County ($4.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% and program service revenue 13% of the total. Other salaries and wages came to $2.8m. At year end it held assets of $7.1m against liabilities of $3.6m, net assets of $3.5m. It reported 83 employees.