Calvary Life Baptist Chapel

Analysis

Calvary Life Baptist Chapel is a registered charity in United States, based in Laurel, MD. It received its IRS tax-exemption ruling in October 1963, 63 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 2020, Calvary Life Baptist Chapel reported income of $505k and spending of $504k, spending 100% of its income. Across the 3 years on record, from December 2018 to December 2020, income grew from $419k to $505k (+21%), an average of +9.8% a year. The sharpest change came in the year to December 2019, when income rose by 91%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Calvary Life Baptist Chapel sits at the 69th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within MD. Charities of a similar size with the same main cause include National Church Residences of ($505k), United Way of Sumter Clarendon and Lee Counties Inc ($505k) and National Church Residences of ($505k).

On its Form 990 for the period ending December 2020, revenue came from contributions and grants 100% of the total. At year end it held assets of $1,291 against liabilities of $0, net assets of $1,291.