Interfaith Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2017 | 55,900 | 1,298 | 54,602 | 506.2 | — |
| 2018 | 64,398 | 14,345 | 50,053 | 87.7 | — |
| 2019 | 32,360 | 28,042 | 4,318 | 46.7 | 0% |
| 2020 | 61,629 | 7,676 | 53,953 | 347.2 | 0% |
| 2021 | 488,474 | 35,558 | 452,916 | 227.8 | 0% |
| 2022 | 96,466 | 678,251 | −581,785 | 1.6 | 0% |
| 2023 | 37,887 | 977,350 | −939,463 | -10.4 | 0% |
In its most recent public year (2023), this organization spent $939,463 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-10.4 months), down from 506.2 in 2017. Staff pay was 0% of spending.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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