The Church Initiative Inc

Analysis

The Church Initiative Inc is a registered charity in United States, based in Wake Forest, NC. It received its IRS tax-exemption ruling in December 1995, 31 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, The Church Initiative Inc reported income of $7.2m and spending of $5.1m, leaving 29% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.6m to $7.2m (+100%), an average of +19% a year. The sharpest change came in the year to June 2022, when income rose by 81%. Over the whole period it spent 88% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, The Church Initiative Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within NC. Charities of a similar size with the same main cause include Mosdos Beth Yosef Zvi ($7.1m), Morning Cheer Inc ($7.2m) and Third Millennium Ministries Inc ($7.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.0% of the total. Compensation of current officers, directors and key employees was $865k (17% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $6.6m against liabilities of $267k, net assets of $6.3m. It reported 47 employees.