Church of God Foundation Inc

Analysis

Church of God Foundation Inc is a registered charity in United States, based in Cleveland, TN. It received its IRS tax-exemption ruling in May 2002, 24 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 December 2023, Church of God Foundation Inc reported income of $3.1m and spending of $2.3m, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.0m to $3.1m (+4.5%), an average of +1.1% a year. The sharpest change came in the year to December 2020, when income rose by 24%. Over the whole period it spent 77% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Church of God Foundation Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within TN. Charities of a similar size with the same main cause include Presbyterian Student Center Foundation ($3.1m), Friends of JCC Krakow Inc ($3.1m) and Serve India Ministries ($3.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 90% of the total. At year end it held assets of $49.7m against liabilities of $44.9m, net assets of $4.7m.