2nd Iglesia Pentecostal Principe de Paz

Analysis

2nd Iglesia Pentecostal Principe de Paz is a registered charity in United States, based in Garland, TX. It received its IRS tax-exemption ruling in November 2017, 9 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, 2nd Iglesia Pentecostal Principe de Paz reported income of $312k and spending of $270k, spending 86% of its income. Across the 2 years on record, from December 2021 to December 2023, income grew from $227k to $312k (+38%), an average of +38% a year. The sharpest change came in the year to December 2023, when income rose by 38%. Over the whole period it spent 84% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, 2nd Iglesia Pentecostal Principe de Paz sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 67th percentile within TX. Charities of a similar size with the same main cause include Middle East Christian Network ($312k), Vietnamese Christian Restoration Ministry ($312k) and Matthew Fox Legacy Project ($312k).

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 $87k against liabilities of $0, net assets of $87k.