Mt Calvary Leadership Development Corporation Inc

Analysis

Mt Calvary Leadership Development Corporation Inc is a registered charity in United States, based in Wallace, NC. It received its IRS tax-exemption ruling in March 2020, 6 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 June 2022, Mt Calvary Leadership Development Corporation Inc reported income of $2.3m and spending of $2.1m, spending 91% of its income. Across the 2 years on record, from June 2021 to June 2022, income grew from $1.1m to $2.3m (+101%), an average of +101% a year. The sharpest change came in the year to June 2022, when income rose by 101%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mt Calvary Leadership Development Corporation 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 NC. Charities of a similar size with the same main cause include Washington Ice Skating Association ($2.3m), Lower Lights Ministries ($2.3m) and Strawberry Point Lutheran Home for the Aged ($2.3m).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $212k (10% of expenses). Other salaries and wages came to $880k. At year end it held assets of $265k against liabilities of -$283, net assets of $265k. It reported 21 employees.