Interfaith Association of Northwest Washington

Analysis

Interfaith Association of Northwest Washington is a registered charity in United States, based in Everett, WA. It received its IRS tax-exemption ruling in October 1986, 40 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 June 2023, Interfaith Association of Northwest Washington reported income of $2.3m and spending of $1.3m, leaving 46% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $811k to $2.3m (+190%), an average of +30% a year. The sharpest change came in the year to June 2023, when income rose by 48%. Over the whole period it spent 78% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Interfaith Association of Northwest Washington sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within WA. Charities of a similar size with the same main cause include I Am Able Center for Family Development ($2.3m), Childrens Theater of Madison Inc ($2.3m) and Second Presbyterian Church Preschool Inc ($2.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $83k (6.6% of expenses). Other salaries and wages came to $383k. At year end it held assets of $2.6m against liabilities of $244k, net assets of $2.4m. It reported 12 employees.