Calvary Towers Inc

Analysis

Calvary Towers Inc is a registered charity in United States, based in Norfolk, VA. It received its IRS tax-exemption ruling in February 1983, 43 years ago. 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 October 2023, Calvary Towers Inc reported income of $1.4m and spending of $1.2m, spending 86% of its income. Across the 5 years on record, from October 2019 to October 2023, income grew from $1.3m to $1.4m (+4.1%), an average of +1.0% a year. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Calvary Towers Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within VA. Charities of a similar size with the same main cause include Sisters of St Francis-Mt Alvernomarian Residence ($1.4m), St Francis Healthcare Foundation ($1.4m) and Community Action Service & Advocacy ($1.4m).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 77% and program service revenue 23% of the total. Other salaries and wages came to $159k. At year end it held assets of $1.1m against liabilities of $1.2m, net assets of -$142k. It reported 4 employees.