Mount Calvary Holy Church Inc
EIN: 561391380 · Concord, NC · NTEE: X20Z
| Metric | Value |
|---|---|
| Total Revenue | $277K |
| Total Expenses | $282K |
| Net Assets | $-896,328 |
Is Mount Calvary Holy Church Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Mount Calvary Holy Church Inc
Mount Calvary Holy Church Inc (EIN: 561391380) is a nonprofit organization based in Concord, NC, classified under NTEE code X20Z. The organization reported total revenue of $277K and total assets of $537K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mount Calvary Holy Church Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mount Calvary Holy Church Inc is a small nonprofit that has been operating for 29 years, with 2 years of IRS 990 filings on record (2019–2020). Revenue has grown at a compound annual rate of 2.0%.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
| Total Revenue | $270K |
| Total Expenses | $282K |
| Surplus / Deficit | $-11,942 |
| Total Assets | $639K |
| Total Liabilities | $1.5M |
| Net Assets | $-896,328 |
| Operating Margin | -4.4% |
| Debt-to-Asset Ratio | 240.3% |
| Months of Reserves | 27.2 months |
Financial Health Grade: C
In 2020, Mount Calvary Holy Church Inc reported a deficit of $12K with expenses exceeding revenue, holds 27.2 months of operating reserves (strong position), has a debt-to-asset ratio of 240.3% (high leverage).
Financial Trends
Over 2 years of filings (2019–2020), Mount Calvary Holy Church Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2020 | +2.0% | +6.9% | — |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1997 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Mount Calvary Holy Church Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Mount Calvary Holy Church Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $12K, with expenses exceeding revenue.
- Debt-to-asset ratio: 240.3%.
Frequently Asked Questions about Mount Calvary Holy Church Inc
Is Mount Calvary Holy Church Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Mount Calvary Holy Church Inc (EIN: 561391380) insufficient data. 0 red flags identified, 0 strengths noted.
How does Mount Calvary Holy Church Inc spend its money?
Detailed spending breakdown data is not yet available for Mount Calvary Holy Church Inc. Check back for updated IRS 990 analysis.
Are donations to Mount Calvary Holy Church Inc tax-deductible?
Mount Calvary Holy Church Inc is registered as a tax-exempt nonprofit (EIN: 561391380). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Mount Calvary Holy Church Inc located?
Mount Calvary Holy Church Inc is headquartered in Concord, North Carolina and files with the IRS under EIN 561391380. It is classified under NTEE code X20Z.
How many years of IRS 990 filings does Mount Calvary Holy Church Inc have?
Mount Calvary Holy Church Inc has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $277K in total revenue.
Filing History
IRS 990 filing history for Mount Calvary Holy Church Inc showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2019–2020), Mount Calvary Holy Church Inc's revenue has grown by 2%, moving from $265K to $270K. Total functional expenses rose by 6.9%, from $264K to $282K. In its most recent filing year (2020), Mount Calvary Holy Church Inc reported a deficit of $12K, with expenses exceeding revenue. The organization holds $1.5M in liabilities against $639K in assets (debt-to-asset ratio: 240.3%), resulting in net assets of $-896,328.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2020 | $270K | $282K | $639K | $1.5M | — | View 990 |
| 2019 | $265K | $264K | $0 | $0 | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mount Calvary Holy Church Inc:
Data Sources and Methodology
This transparency report for Mount Calvary Holy Church Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.