CBMC Inc

Analysis

CBMC Inc is a registered charity in United States, based in Chattanooga, TN. It received its IRS tax-exemption ruling in March 1976, 50 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, CBMC Inc reported income of $10.9m and spending of $10.7m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $10.8m to $10.9m (+0.6%), an average of +0.2% a year. Over the whole period it spent 93% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, CBMC Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within TN. Charities of a similar size with the same main cause include Brahmananda Saraswati Foundation ($10.8m), Foundation for the Preservation & Perpetuation of Torah Laws & Custo ($10.9m) and Churches of Christ Disaster Relief Effort Inc ($10.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 68% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $359k (3.4% of expenses). Other salaries and wages came to $5.4m. At year end it held assets of $9.8m against liabilities of $647k, net assets of $9.2m. It reported 96 employees.