Iglesia LA Nueva Jerusalen

Analysis

Iglesia LA Nueva Jerusalen is a registered charity in United States, based in Riverhead, NY. 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 2022, Iglesia LA Nueva Jerusalen reported income of $1.0m and spending of $612k, leaving 41% of income unspent that year. Across the 5 years on record, from December 2017 to December 2022, income grew from $744k to $1.0m (+40%), an average of +8.7% a year. The sharpest change came in the year to December 2019, when income rose by 54%. Over the whole period it spent 44% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Iglesia LA Nueva Jerusalen sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 76th percentile within NY. Charities of a similar size with the same main cause include Stand by Me USA ($1.0m), San Diego County Ser Jobs for Progress Inc ($1.0m) and Redwood Shores Senior Housing Inc ($1.0m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $9.2m against liabilities of $4.3m, net assets of $4.9m.