Blue Ridge Chapel Inc

Analysis

Blue Ridge Chapel Inc is a registered charity in United States, based in Rocky Mount, VA. It received its IRS tax-exemption ruling in July 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 December 2023, Blue Ridge Chapel Inc reported income of $1.9m and spending of $896k, leaving 52% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $632k to $1.9m (+195%), an average of +31% a year. The sharpest change came in the year to December 2023, when income rose by 122%. Over the whole period it spent 71% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Blue Ridge Chapel Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within VA. Charities of a similar size with the same main cause include Philippine-American Education Foundation ($1.9m), Northwest Domestic Crisis Services Inc ($1.9m) and Foster Care Review Inc ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 33% and program service revenue 4.9% of the total. Compensation of current officers, directors and key employees was $81k (9.0% of expenses). Other salaries and wages came to $180k. At year end it held assets of $4.5m against liabilities of $352k, net assets of $4.2m. It reported 15 employees.