Living Word Church of God in Christ

Analysis

Living Word Church of God in Christ is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in April 1992, 34 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, Living Word Church of God in Christ reported income of $165k and spending of $62k, leaving 63% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $131k to $165k (+26%), an average of +5.9% a year. The sharpest change came in the year to December 2021, when income rose by 43%. Over the whole period it spent 63% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Living Word Church of God in Christ sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 47th percentile within NY. Charities of a similar size with the same main cause include Texas Government Accountability Fou Ndation Inc ($165k), Washington Council of Lawyers ($165k) and Ifa Foundation ($165k).

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 $103k against liabilities of $0, net assets of $103k.