Orthodox Church Capital Improvement Fund

Analysis

Orthodox Church Capital Improvement Fund is a registered charity in United States, based in N Highlands, CA. It received its IRS tax-exemption ruling in June 2014, 12 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 December 2023, Orthodox Church Capital Improvement Fund reported income of $209k and spending of $254k, spending 121% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $96k to $209k (+117%), an average of +21% a year. The sharpest change came in the year to December 2020, when income rose by 40%. Over the whole period it spent 140% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Orthodox Church Capital Improvement Fund sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 57th percentile within CA. Charities of a similar size with the same main cause include St Mina Society Inc ($209k), Traveling Chassidim Inc ($209k) and Ministerio Logos Y Rhema de Dios Corp ($209k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 17% and program service revenue 3.9% of the total. Compensation of current officers, directors and key employees was $6,000 (2.4% of expenses). At year end it held assets of $4.4m against liabilities of $4.7m, net assets of -$330k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.