Christian Towers of Gallatin Inc

Analysis

Christian Towers of Gallatin Inc is a registered charity in United States, based in Gallatin, TN. It received its IRS tax-exemption ruling in December 1977, 49 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 September 2023, Christian Towers of Gallatin Inc reported income of $994k and spending of $1.4m, spending 141% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $969k to $994k (+2.5%), an average of +0.6% a year. Over the whole period it spent 105% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Christian Towers of Gallatin Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 81st percentile within TN. Charities of a similar size with the same main cause include I Am My Sisters Keeper ($994k), Western Sports Foundation ($994k) and Family Crisis Shelter and Services for Yamhill County Inc ($994k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 95% of the total. Other salaries and wages came to $170k. At year end it held assets of $1.6m against liabilities of $98k, net assets of $1.5m.