Chaldean Hermitage of the Cross Inc

Analysis

Chaldean Hermitage of the Cross Inc is a registered charity in United States, based in Farmingtn HLS, MI. It received its IRS tax-exemption ruling in October 2021, 5 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Chaldean Hermitage of the Cross Inc reported income of $124k and spending of $59k, leaving 52% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $435k to $124k (-72%), an average of -72% a year. The sharpest change came in the year to December 2023, when income dropped by 72%. Over the whole period it spent 20% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Chaldean Hermitage of the Cross Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 42nd percentile within MI. Charities of a similar size with the same main cause include Bonisa Mission Organization USA ($124k), Revelation of Hope Ministries Inc ($124k) and Martin Ministries International Inc ($124k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $546k against liabilities of $323k, net assets of $223k.