Charles Crest II Corporation

Analysis

Charles Crest II Corporation is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in October 1992, 34 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Charles Crest II Corporation reported income of $498k and spending of $515k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $446k to $498k (+12%), an average of +2.8% a year. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Charles Crest II Corporation sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 68th percentile within CO. Charities of a similar size with the same main cause include Phoenix International Incorporated ($498k), The Faith and Law Project ($498k) and U S Challenge Cup Inc ($498k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% and program service revenue 39% of the total. At year end it held assets of $1.3m against liabilities of $128k, net assets of $1.2m.

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.