Christian Chronicle Inc

Analysis

Christian Chronicle Inc is a registered charity in United States, based in Oklahoma City, OK. It received its IRS tax-exemption ruling in August 1977, 49 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 May 2023, Christian Chronicle Inc reported income of $1.7m and spending of $1.4m, spending 85% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $1.2m to $1.7m (+34%), an average of +7.7% a year. The sharpest change came in the year to May 2021, when income rose by 22%. Over the whole period it spent 87% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Christian Chronicle Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 86th percentile within OK. Charities of a similar size with the same main cause include Rutgers Learning Network Inc ($1.7m), The Jeff Cooper Legacy Foundation ($1.7m) and Seattle Jazzed ($1.7m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 65% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $99k (6.9% of expenses). Other salaries and wages came to $313k. It paid $174k in professional fundraising fees. At year end it held assets of $2.9m against liabilities of $0, net assets of $2.9m. It reported 12 employees.