Inter-Faith Alliance Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 233,316 | 261,384 | −28,068 | 22.5 | 36% |
| 2021 | 660,401 | 674,012 | −13,611 | -2.8 | 44% |
| 2022 | 735,737 | 732,426 | 3,311 | -2.7 | 52% |
| 2023 | 447,607 | 836,597 | −388,990 | -7.9 | 57% |
In its most recent public year (2023), this organization spent $388,990 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-7.9 months), down from 22.5 in 2020. Staff pay was 57% 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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