Interfaith Works Of Central New York Inc
Interfaith Works Of Central New York Inc shows consistent revenue growth and strong financial health with no reported officer compensation.
EIN: 161064233 · Syracuse, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $13.7M |
| Total Expenses | $8.0M |
| Program Spending | 85% |
| Net Assets | $6.3M |
| Transparency Score | 90/100 |
Is Interfaith Works Of Central New York Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Interfaith Works Of Central New York Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Interfaith Works Of Central New York Inc
Interfaith Works Of Central New York Inc (EIN: 161064233) is a nonprofit organization based in Syracuse, NY. The organization reported total revenue of $13.7M and total assets of $10.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Interfaith Works Of Central New York Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Interfaith Works Of Central New York Inc is a large nonprofit that has been operating for 49 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 10.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $8.3M |
| Total Expenses | $8.0M |
| Surplus / Deficit | +$307K |
| Total Assets | $7.6M |
| Total Liabilities | $1.4M |
| Net Assets | $6.3M |
| Operating Margin | 3.7% |
| Debt-to-Asset Ratio | 17.9% |
| Months of Reserves | 11.5 months |
Financial Health Grade: A
In 2023, Interfaith Works Of Central New York Inc reported a surplus of $307K with revenue exceeding expenses, holds 11.5 months of operating reserves (strong position), has a debt-to-asset ratio of 17.9% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), Interfaith Works Of Central New York Inc's revenue has grown at a compound annual growth rate (CAGR) of 10.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.1% | +30.0% | +18.2% |
| 2022 | +85.7% | +61.0% | +45.8% |
| 2021 | +3.3% | +19.2% | +12.9% |
| 2020 | +28.8% | +3.6% | +45.1% |
| 2019 | +15.6% | +9.5% | +3.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 1977 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Interfaith Works Of Central New York Inc with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Interfaith Works Of Central New York Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $307K, with revenue exceeding expenses.
- Debt-to-asset ratio: 17.9%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to officers, which is highly unusual and suggests a strong commitment to directing funds to programs or that officers are volunteers.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Interfaith Works Of Central New York Inc's IRS 990 filings:
- NTEE Code is unknown, which can make it harder to benchmark against similar organizations.
Strengths
The following positive indicators were identified for Interfaith Works Of Central New York Inc:
- Consistent revenue growth, more than doubling from 2019 to 2023.
- Strong financial health with assets consistently growing and exceeding liabilities.
- Positive net income in all reported periods, indicating sound financial management.
- 0% reported officer compensation across all filings, suggesting high efficiency in directing funds to mission.
- Significant increase in assets from $2,706,810 in 2019 to $7,631,925 in 2023.
Frequently Asked Questions about Interfaith Works Of Central New York Inc
Is Interfaith Works Of Central New York Inc a legitimate charity?
Interfaith Works Of Central New York Inc (EIN: 161064233) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 90/100. It has 12 years of IRS 990 filings on record. Total revenue: $13.7M. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does Interfaith Works Of Central New York Inc spend its money?
Interfaith Works Of Central New York Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Interfaith Works Of Central New York Inc tax-deductible?
Interfaith Works Of Central New York Inc is registered as a tax-exempt nonprofit (EIN: 161064233). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Interfaith Works Of Central New York Inc's spending goes to programs?
Interfaith Works Of Central New York Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Interfaith Works Of Central New York Inc located?
Interfaith Works Of Central New York Inc is headquartered in Syracuse, New York and files with the IRS under EIN 161064233.
How many years of IRS 990 filings does Interfaith Works Of Central New York Inc have?
Interfaith Works Of Central New York Inc has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $13.7M in total revenue.
Is Interfaith Works Of Central New York Inc a good charity?
Based on the provided financial data, Interfaith Works Of Central New York Inc appears to be a financially healthy and well-managed charity. It shows consistent revenue growth, positive net income, increasing assets, and notably, reports 0% officer compensation, suggesting a strong focus on its mission.
How has the organization's revenue grown over time?
The organization has experienced significant revenue growth, more than doubling from $3,260,907 in 2019 to $8,303,316 in 2023, indicating expanding operations and support.
What is the organization's financial stability?
Interfaith Works Of Central New York Inc demonstrates strong financial stability, with assets consistently exceeding liabilities (e.g., $7,631,925 in assets vs. $1,366,946 in liabilities in 2023) and a history of positive net income.
Filing History
IRS 990 filing history for Interfaith Works Of Central New York Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Interfaith Works Of Central New York Inc's revenue has grown by 188.7%, moving from $2.9M to $8.3M. Total assets increased by 753.9% over the same period, from $894K to $7.6M. Total functional expenses rose by 212.1%, from $2.6M to $8.0M. In its most recent filing year (2023), Interfaith Works Of Central New York Inc reported a surplus of $307K, with revenue exceeding expenses. The organization holds $1.4M in liabilities against $7.6M in assets (debt-to-asset ratio: 17.9%), resulting in net assets of $6.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $8.3M | $8.0M | $7.6M | $1.4M | — | — |
| 2022 | $8.1M | $6.2M | $6.5M | $629K | — | — |
| 2021 | $4.3M | $3.8M | $4.4M | $414K | — | View 990 |
| 2020 | $4.2M | $3.2M | $3.9M | $499K | — | View 990 |
| 2019 | $3.3M | $3.1M | $2.7M | $297K | — | View 990 |
| 2018 | $2.8M | $2.8M | $2.6M | $380K | — | View 990 |
| 2017 | $3.1M | $2.9M | $2.7M | $493K | — | View 990 |
| 2016 | $3.7M | $3.5M | $2.9M | $870K | — | View 990 |
| 2015 | $3.6M | $3.4M | $2.9M | $1.1M | — | View 990 |
| 2014 | $3.8M | $3.1M | $2.8M | $1.2M | — | View 990 |
| 2013 | $2.9M | $2.6M | $1.4M | $405K | — | View 990 |
| 2012 | $2.9M | $2.6M | $894K | $196K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $8.3M, expenses of $8.0M, and assets of $7.6M (revenue +3.1% year-over-year).
- 2022: Revenue of $8.1M, expenses of $6.2M, and assets of $6.5M (revenue +85.7% year-over-year).
- 2021: Revenue of $4.3M, expenses of $3.8M, and assets of $4.4M (revenue +3.3% year-over-year).
- 2020: Revenue of $4.2M, expenses of $3.2M, and assets of $3.9M (revenue +28.8% year-over-year).
- 2019: Revenue of $3.3M, expenses of $3.1M, and assets of $2.7M (revenue +15.6% year-over-year).
- 2018: Revenue of $2.8M, expenses of $2.8M, and assets of $2.6M (revenue -8.0% year-over-year).
- 2017: Revenue of $3.1M, expenses of $2.9M, and assets of $2.7M (revenue -17.6% year-over-year).
- 2016: Revenue of $3.7M, expenses of $3.5M, and assets of $2.9M (revenue +2.9% year-over-year).
- 2015: Revenue of $3.6M, expenses of $3.4M, and assets of $2.9M (revenue -3.8% year-over-year).
- 2014: Revenue of $3.8M, expenses of $3.1M, and assets of $2.8M (revenue +29.2% year-over-year).
- 2013: Revenue of $2.9M, expenses of $2.6M, and assets of $1.4M (revenue +1.1% year-over-year).
- 2012: Revenue of $2.9M, expenses of $2.6M, and assets of $894K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Interfaith Works Of Central New York Inc:
Data Sources and Methodology
This transparency report for Interfaith Works Of Central New York Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.