Collegiate Abbey Inc

Analysis

Collegiate Abbey Inc is a registered charity in United States, based in Knoxville, TN. It received its IRS tax-exemption ruling in July 2016, 10 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, Collegiate Abbey Inc reported income of $194k and spending of $195k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $214k to $194k (-9.5%), an average of -2.5% a year. The sharpest change came in the year to December 2022, when income dropped by 23%. Over the whole period it spent 98% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Collegiate Abbey Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 54th percentile within TN. Charities of a similar size with the same main cause include Lord Teach Me to Pray Inc ($194k), Apostolic Ministries Inc ($194k) and Bartimaeus Ministries Inc ($194k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $18k against liabilities of $3,779, net assets of $14k.