Chattanooga Church Ministries Inc

Analysis

Chattanooga Church Ministries Inc is a registered charity in United States, based in Chattanooga, TN. It received its IRS tax-exemption ruling in October 1983, 43 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Chattanooga Church Ministries Inc reported income of $2.3m and spending of $2.8m, spending 122% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $2.2m to $2.3m (+6.1%), an average of +2.0% a year. The sharpest change came in the year to December 2020, when income rose by 70%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Chattanooga Church Ministries Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within TN. Charities of a similar size with the same main cause include Boys and Girls Club of West Alabama Inc ($2.3m), Bay Area Counties Roofing Waterproofing ($2.3m) and 4-H Clubs & Affiliated 4-H Organizations ($2.3m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 115% and program service revenue 5.0% of the total. Compensation of current officers, directors and key employees was $264k (9.3% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $9.6m against liabilities of $124k, net assets of $9.5m. It reported 70 employees.