Calvary Tower Housing Inc

Analysis

Calvary Tower Housing Inc is a registered charity in United States, based in Salt Lake Cty, UT. It received its IRS tax-exemption ruling in June 1987, 39 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Calvary Tower Housing Inc reported income of $408k and spending of $452k, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $382k to $408k (+7.0%), an average of +1.7% a year. Over the whole period it spent 124% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Calvary Tower Housing Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 65th percentile within UT. Charities of a similar size with the same main cause include Family Community Housing Association Inc ($408k), Ahepa 192-Ii Inc ($409k) and Micah 6-8 Initiative ($408k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $1.6m against liabilities of $2.0m, net assets of -$464k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.