Calvary Chapel Magazine

Analysis

Calvary Chapel Magazine is a registered charity in United States, based in Reno, NV. It received its IRS tax-exemption ruling in December 2002, 24 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, Calvary Chapel Magazine reported income of $535k and spending of $567k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $402k to $535k (+33%), an average of +7.4% a year. The sharpest change came in the year to December 2021, when income rose by 34%. Over the whole period it spent 100% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Calvary Chapel Magazine sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 75th percentile within NV. Charities of a similar size with the same main cause include Connect 2 Ministries ($535k), Dibra Community Center of NJ Inc ($536k) and Aselsi USA ($535k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 35% and program service revenue 65% of the total. Compensation of current officers, directors and key employees was $67k (12% of expenses). Other salaries and wages came to $153k. At year end it held assets of $134k against liabilities of $28k, net assets of $106k. It reported 9 employees.