Cancao Nova Catholic Community Association of the Faithful Inc

Analysis

Cancao Nova Catholic Community Association of the Faithful Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in September 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, Cancao Nova Catholic Community Association of the Faithful Inc reported income of $226k and spending of $205k, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $123k to $226k (+83%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 129%. Over the whole period it spent 96% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Cancao Nova Catholic Community Association of the Faithful Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 54th percentile within PA. Charities of a similar size with the same main cause include Mona a Walker Foundation ($225k), Peak Worship Inc ($226k) and Only the Bible Ministry ($225k).

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 $12k (6.1% of expenses). At year end it held assets of $53k against liabilities of $11k, net assets of $42k. It reported 1 employees.