House University Ministries of Chattanooga

Analysis

House University Ministries of Chattanooga is a registered charity in United States, based in Chattanooga, TN. It received its IRS tax-exemption ruling in August 2008, 18 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2023, House University Ministries of Chattanooga reported income of $575k and spending of $563k, spending 98% of its income. Across the 6 years on record, from July 2018 to July 2023, income grew from $297k to $575k (+94%), an average of +14% a year. The sharpest change came in the year to July 2022, when income rose by 54%. Over the whole period it spent 98% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, House University Ministries of Chattanooga sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 74th percentile within TN. Charities of a similar size with the same main cause include Cec Foundation ($575k), Rural Parish Workers of Christ the King ($575k) and Sacred Story Institute ($574k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $89k (16% of expenses). Other salaries and wages came to $225k. At year end it held assets of $75k against liabilities of $2,813, net assets of $72k. It reported 14 employees.