Philadelphia Pentecostal Church

Analysis

Philadelphia Pentecostal Church is a registered charity in United States, based in Danbury, CT. It received its IRS tax-exemption ruling in August 1964, 62 years ago. 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, Philadelphia Pentecostal Church reported income of $1.6m and spending of $1.4m, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $1.6m (+23%), an average of +5.3% a year. The sharpest change came in the year to December 2020, when income dropped by 23%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Philadelphia Pentecostal Church sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within CT. Charities of a similar size with the same main cause include South Central College Foundation ($1.6m), New York City College of Technology Foundation Inc ($1.6m) and Quality Living Inc ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $162k (12% of expenses). At year end it held assets of $3.8m against liabilities of $921k, net assets of $2.9m.