Calvary Chapel University Inc

Analysis

Calvary Chapel University Inc is a registered charity in United States, based in Sun City, AZ. It received its IRS tax-exemption ruling in January 2016, 10 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2024, Calvary Chapel University Inc reported income of $1.0m and spending of $998k, spending 97% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $504k to $1.0m (+104%), an average of +20% a year. The sharpest change came in the year to June 2022, when income rose by 24%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Calvary Chapel University Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 77th percentile within AZ. Charities of a similar size with the same main cause include Palante Harlem Inc ($1.0m), New School for the Arts Middle School ($1.0m) and Aldrich Memorial Nursery School Inc ($1.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 1.3% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $62k (6.3% of expenses). Other salaries and wages came to $50k. At year end it held assets of $267k against liabilities of $127k, net assets of $140k. It reported 4 employees.