Iglesia de Jesucristo Canaan

Analysis

Iglesia de Jesucristo Canaan is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in November 2006, 20 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, Iglesia de Jesucristo Canaan reported income of $249k and spending of $249k, spending 100% of its income. Across the 4 years on record, from December 2019 to December 2023, income fell from $295k to $249k (-16%), an average of -5.5% a year. The sharpest change came in the year to December 2023, when income dropped by 16%. Over the whole period it spent 100% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Iglesia de Jesucristo Canaan sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 60th percentile within CA. Charities of a similar size with the same main cause include Morasha Heritage Lakewood Kiruv Project ($249k), Vertical Ministries ($249k) and River City Missions Inc ($249k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $31k (13% of expenses). Other salaries and wages came to $38k. At year end it held assets of $414k against liabilities of $414k, net assets of $0.