Saint Benedicts Chapel

Analysis

Saint Benedicts Chapel is a registered charity in United States, based in Lubbock, TX. It received its IRS tax-exemption ruling in October 2017, 9 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Saint Benedicts Chapel reported income of $294k and spending of $265k, spending 90% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $197k to $294k (+49%), an average of +22% a year. The sharpest change came in the year to December 2022, when income rose by 44%. Over the whole period it spent 76% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Saint Benedicts Chapel sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 66th percentile within TX. Charities of a similar size with the same main cause include Freedom Encounters Inc ($294k), Brian Adams Ministries ($294k) and Mimosa Christian Counseling Center Inc ($294k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 41% of the total. Compensation of current officers, directors and key employees was $53k (20% of expenses). Other salaries and wages came to $66k. At year end it held assets of $410k against liabilities of $0, net assets of $410k. It reported 8 employees.