Charles Crest Corporation

Analysis

Charles Crest Corporation is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in April 1995, 31 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, Charles Crest Corporation reported income of $530k and spending of $601k, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $526k to $530k (+0.8%), an average of +0.2% a year. Over the whole period it spent 102% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Charles Crest Corporation 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 69th percentile within CO. Charities of a similar size with the same main cause include Light of the World Worship Center ($530k), The Den Collective Inc ($530k) and Unity 4 Orphans ($530k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% and program service revenue 36% of the total. At year end it held assets of $1.5m against liabilities of $2.5m, net assets of -$975k.

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.