Calvary Endowment Foundation Inc

Analysis

Calvary Endowment Foundation Inc is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in July 2003, 23 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Calvary Endowment Foundation Inc reported income of $204k and spending of $461k, spending 225% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $597k to $204k (-66%), an average of -24% a year. The sharpest change came in the year to December 2021, when income rose by 736%. Over the whole period it spent 143% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Calvary Endowment Foundation Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 55th percentile within TN. Charities of a similar size with the same main cause include Crossing Jordan Corp ($204k), West Rowan Bible Teaching Association ($204k) and Mojdeh ($204k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.8% of the total. At year end it held assets of $8.3m against liabilities of $15k, net assets of $8.3m.