First Brazilian Assembly of God Church

Analysis

First Brazilian Assembly of God Church is a registered charity in United States, based in Myrtle Beach, SC. It received its IRS tax-exemption ruling in March 2004, 22 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, First Brazilian Assembly of God Church reported income of $264k and spending of $148k, leaving 44% of income unspent that year. Across the 2 years on record, from December 2019 to December 2023, income grew from $159k to $264k (+66%), an average of +66% a year. The sharpest change came in the year to December 2023, when income rose by 66%. Over the whole period it spent 81% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, First Brazilian Assembly of God Church sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 64th percentile within SC. Charities of a similar size with the same main cause include I Am Outreach Ministries Inc ($264k), Heritage Christian School Inc ($264k) and Eloheh Eagles Wings ($264k).

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 $48k (32% of expenses). At year end it held assets of $182k against liabilities of $0, net assets of $182k. It reported 2 employees.