Interfaith Housing Assistance Corp

Analysis

Interfaith Housing Assistance Corp is a registered charity in United States, based in Lemon Grove, CA. It received its IRS tax-exemption ruling in January 1983, 43 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, Interfaith Housing Assistance Corp reported income of $2.5m and spending of $1.6m, leaving 34% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $2.5m (+110%), an average of +20% a year. The sharpest change came in the year to December 2023, when income rose by 90%. Over the whole period it spent 80% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Interfaith Housing Assistance Corp sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within CA. Charities of a similar size with the same main cause include Tennessee Coalition to End Domestic and Sexual Violence ($2.5m), Alabama Arise ($2.5m) and Abilitypoint Inc ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 41% and program service revenue 59% of the total. Compensation of current officers, directors and key employees was $630k (38% of expenses). Other salaries and wages came to $336k. At year end it held assets of $2.7m against liabilities of $570k, net assets of $2.1m. It reported 67 employees.