Iglesia Pentecostal Bethel de Gainesville Inc

Analysis

Iglesia Pentecostal Bethel de Gainesville Inc is a registered charity in United States, based in Gainesville, GA. It received its IRS tax-exemption ruling in October 2008, 18 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 Pentecostal Bethel de Gainesville Inc reported income of $392k and spending of $445k, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $231k to $392k (+69%), an average of +14% a year. The sharpest change came in the year to December 2022, when income rose by 37%. Over the whole period it spent 89% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Iglesia Pentecostal Bethel de Gainesville Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 70th percentile within GA. Charities of a similar size with the same main cause include Heartlight Inc Barry Alexander ($392k), Glow - Go Love Our World - International Organization ($392k) and Antioch Missionary Baptist Church of Pompano Inc ($392k).

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 $37k (8.4% of expenses). Other salaries and wages came to $52k. At year end it held assets of $190k against liabilities of $0, net assets of $190k. It reported 2 employees.