Exalt Church Inc

Analysis

Exalt Church Inc is a registered charity in United States, based in Chesapeake, VA. It received its IRS tax-exemption ruling in August 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, Exalt Church Inc reported income of $388k and spending of $260k, leaving 33% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $253k to $388k (+54%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 32%. Over the whole period it spent 64% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Exalt Church Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within VA. Charities of a similar size with the same main cause include Church Reform and Revitalization ($388k), Meir Isa Bracha Inc ($388k) and Gathering Place Mission ($388k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $45k (17% of expenses). Other salaries and wages came to $52k. At year end it held assets of $683k against liabilities of $1,726, net assets of $682k. It reported 5 employees.