Corporate Chaplains of America Inc

Analysis

Corporate Chaplains of America Inc is a registered charity in United States, based in Wake Forest, NC. It received its IRS tax-exemption ruling in October 1998, 28 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, Corporate Chaplains of America Inc reported income of $29.1m and spending of $25.0m, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $16.9m to $29.1m (+73%), an average of +15% a year. The sharpest change came in the year to December 2023, when income rose by 25%. Over the whole period it spent 90% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Corporate Chaplains of America Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within NC. Charities of a similar size with the same main cause include T E R I Inc ($28.9m), Catholic Community Foundation of Los Angeles ($29.4m) and Voice of God Recordings Inc ($28.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.1% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $1.2m (4.9% of expenses). Other salaries and wages came to $17.2m. At year end it held assets of $20.8m against liabilities of $6.9m, net assets of $13.9m. It reported 424 employees.