Advent Christian General Conference of America

Analysis

Advent Christian General Conference of America is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in September 1958, 68 years ago. 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, Advent Christian General Conference of America reported income of $2.4m and spending of $2.4m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.1m to $2.4m (+15%), an average of +3.5% a year. The sharpest change came in the year to December 2020, when income rose by 107%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Advent Christian General Conference of America sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 89th percentile within NC. Charities of a similar size with the same main cause include Gablestage Inc ($2.4m), Dallas Ec ($2.4m) and Neurofit Networks Inc ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% and program service revenue 1.3% of the total. Compensation of current officers, directors and key employees was $191k (8.1% of expenses). Other salaries and wages came to $390k. At year end it held assets of $15.5m against liabilities of $9.1m, net assets of $6.4m. It reported 11 employees.