Chalice Abbey

Analysis

Chalice Abbey is a registered charity in United States, based in Amarillo, TX. It received its IRS tax-exemption ruling in May 1951, 75 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 2022, Chalice Abbey reported income of $150k and spending of $87k, leaving 42% of income unspent that year. Across the 2 years on record, from December 2021 to December 2022, income grew from $83k to $150k (+80%), an average of +80% a year. The sharpest change came in the year to December 2022, when income rose by 80%. Over the whole period it spent 74% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Chalice Abbey sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 51st percentile within TX. Charities of a similar size with the same main cause include The RL Mace Universal Design Institute ($150k), Bonner County Historical Society Inc ($150k) and Reno Philharmonic Endowment Trust ($150k).

On its Form 990-EZ for the period ending December 2022, revenue came from contributions and grants 76% of the total. At year end it held assets of $264k against liabilities of $162k, net assets of $102k.