Interfaith America

What it reported doing in 2024

Innovation: IA works to strengthen America's civic landscape by building a culture of social cohesion and fortifying democratic institutions. Through trainings, convenings, grants and fellowships, and network engagement, IA carried out programs that activate, equip, and support faith and community leaders to advance pluralism, decrease polarization, and support our diverse democracy. The Team Up Project - our partnership with Catholic Charities, Habitat for Humanity International, and YMCA of the USA - IA supported bridge building initiatives in communities nationwide and helped to embed pluralism skills and resources through our partners' institutional frameworks. IA's Vote is Sacred Fellowship and Faith in Elections Playbook, together with other resources, encouraged nonpartisan, democratic participation and actionable steps to work together for the common good. The Emerging Leaders Network (ELN) grew to over 2,300 members, and IA offered members a range of convenings, trainings, fellowships, grants, and workshops to refine and expand their pluralism and interfaith leadership skills. This support included several Interfaith at Work Cohorts, which provided a space for members of the ELN to build relationships with other professionals in their sector who are interested in leveraging diversity and promoting cooperation. IA works across the business landscape to build leadership skills to drive religious inclusion and cooperation in the workplace. This includes creating learning experiences and tools to engage diversity in new ways, conversations and keynotes to inspire a commitment to pluralism, bespoke leadership development experiences, and opportunities for professionals to interact with and learn from peers in other industries. IA also hosts regular roundtable events to inspire senior leaders, advance IA's thought leadership in the workplace, and grow our network. Each roundtable convenes senior leaders for intimate, closed-door discussions that examine a pressing issue in the workplace related to religious diversity. IA's Workplace efforts include a particular focus on health-related organizations. Health professionals have increasingly recognized the significant potential of engaging diverse religious and spiritual identities and traditions to improve health outcomes for all. Despite this positive potential, however, research shows that clinicians and other health leaders often lack the knowledge and skills to engage religious diversity effectively.

Financial Efficiency

• Mission deployment rate: 42.8%; rating input score 43
• Program expense ratio: 81.1%; rating input score 81
• Fundraising efficiency: $22.19 raised per $1 spent on fundraising; rating input score 59; 59th percentile among comparable filings

Transparency & Controls

• Consistency checks: 93.3%; rating input score 93; 14th percentile among comparable filings
• Pay-setting controls: 4 of 6 controls in place; rating input score 67
  • Compensation committee: Pass
  • Independent consultant: Missing
  • Other Form 990s reviewed: Pass
  • Written employment contract: Missing
  • Compensation survey or study: Pass
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: 93.8%; rating input score 94; 23rd percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
• Governance controls: 9 of 9 controls in place; rating input score 100
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: Pass
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 48.2%; rating input score 94; 94th percentile among comparable filings
• Total-asset coverage ratio: 2.46; rating input score 69; 69th percentile among comparable filings
• Liabilities to assets ratio: 0.07; rating input score 78; 78th percentile among comparable filings
• Officer compensation ratio: 19.3%; rating input score 4; 4th percentile among comparable filings

Growth

• Program expense growth: 12.7% per year; rating input score 100; 79th percentile among comparable filings
• Revenue growth: 17.9% per year; rating input score 100; 90th percentile among comparable filings
• Asset growth: 11.9% per year; rating input score 100; 72nd percentile among comparable filings