Calvary Community Development Corporation of Morristown

Analysis

Calvary Community Development Corporation of Morristown is a registered charity in United States, based in Morristown, NJ. It received its IRS tax-exemption ruling in September 2017, 9 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Calvary Community Development Corporation of Morristown reported income of $87k and spending of $97k, spending 112% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $3,236 to $87k (+2579%), an average of +2579% a year. The sharpest change came in the year to December 2023, when income rose by 2579%. Over the whole period it spent 135% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Calvary Community Development Corporation of Morristown sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 41st percentile within NJ. Charities of a similar size with the same main cause include Seat Innovation and Entrepreneurship Center Inc ($87k), Indiana Economic Development Association Foundation ($87k) and Dress for Success Shreveport- Bossier Inc ($87k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 15% and program service revenue 83% of the total. At year end it held assets of $4,458 against liabilities of $0, net assets of $4,458.