Advancing the Gospel in Angola Inc

Analysis

Advancing the Gospel in Angola Inc is a registered charity in United States, based in Corning, NY. It received its IRS tax-exemption ruling in May 2006, 20 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Advancing the Gospel in Angola Inc reported income of $1.2m and spending of $786k, leaving 35% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $320k to $1.2m (+277%), an average of +39% a year. The sharpest change came in the year to December 2020, when income rose by 79%. Over the whole period it spent 86% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Advancing the Gospel in Angola Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 78th percentile within NY. Charities of a similar size with the same main cause include Icna Chicago Illinois Organization ($1.2m), Busy Bee Childcare Ministry Inc ($1.2m) and Greater Dayton Islamic Foundation Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $818k against liabilities of $0, net assets of $818k.