Channing-Murray Foundation

Analysis

Channing-Murray Foundation is a registered charity in United States, based in Urbana, IL. It received its IRS tax-exemption ruling in October 1968, 58 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, Channing-Murray Foundation reported income of $296k and spending of $227k, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $251k to $296k (+18%), an average of +4.1% a year. The sharpest change came in the year to December 2021, when income rose by 88%. Over the whole period it spent 96% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Channing-Murray Foundation sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 62nd percentile within IL. Charities of a similar size with the same main cause include Triumphant Ministries International Inc ($295k), Hope for the People ($296k) and Christian Association of Youth ($295k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 54% and program service revenue 35% of the total. Compensation of current officers, directors and key employees was $15k (6.4% of expenses). Other salaries and wages came to $126k. At year end it held assets of $352k against liabilities of $4,376, net assets of $347k. It reported 12 employees.