Iglesia Apostolica Fuente Del Libano Efesio 220

Analysis

Iglesia Apostolica Fuente Del Libano Efesio 220 is a registered charity in United States, based in Brentwood, NY. It received its IRS tax-exemption ruling in January 1994, 32 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, Iglesia Apostolica Fuente Del Libano Efesio 220 reported income of $400k and spending of $124k, leaving 69% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $219k to $400k (+82%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 58%. Over the whole period it spent 65% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Iglesia Apostolica Fuente Del Libano Efesio 220 sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 63rd percentile within NY. Charities of a similar size with the same main cause include Halifax Community College Foundation Inc ($400k), Blue Grass Council of the Blind ($400k) and Freedom to Read Foundation ($400k).

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 $2.3m against liabilities of $54k, net assets of $2.2m.