Calvary Development Apartments Inc

Analysis

Calvary Development Apartments Inc is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in June 1994, 32 years ago. 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, Calvary Development Apartments Inc reported income of $273k and spending of $322k, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $234k to $273k (+17%), an average of +3.9% a year. Over the whole period it spent 126% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Calvary Development Apartments Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 60th percentile within WI. Charities of a similar size with the same main cause include Abc in Darien Inc ($273k), Las Candalistas Inc ($273k) and Lookfar Conservation ($273k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% and program service revenue 47% of the total. At year end it held assets of $1.1m against liabilities of $2.5m, net assets of -$1.4m.

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.