Church Finance Corporation

Analysis

Church Finance Corporation is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in August 1968, 58 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 2023, Church Finance Corporation reported income of $5.2m and spending of $3.2m, leaving 38% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.3m to $5.2m (+60%), an average of +12% a year. The sharpest change came in the year to December 2023, when income rose by 34%. Over the whole period it spent 75% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Church Finance Corporation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 94th percentile within NM. Charities of a similar size with the same main cause include Association of School Business Officials International ($5.2m), Urban Ministries of Durham Inc ($5.2m) and Rockbrook School Inc ($5.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 89% of the total. At year end it held assets of $83.8m against liabilities of $73.7m, net assets of $10.1m.