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Iglesia Evangelica Apostoles Y Profetas Monte Los Olivos

RegisteredEIN 20-3705160Laurel, MDReligion
Income$267k2023-12
Spending$172ksame year
Spent / received75%2-year average
Size in its cause72nd pctReligion
Exempt since2022Church
Employees1latest return

Analysis

Iglesia Evangelica Apostoles Y Profetas Monte Los Olivos is a registered charity in United States, based in Laurel, MD. It received its IRS tax-exemption ruling in May 2022, 4 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 Evangelica Apostoles Y Profetas Monte Los Olivos reported income of $267k and spending of $172k, leaving 35% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $192k to $267k (+39%), an average of +39% a year. The sharpest change came in the year to December 2023, when income rose by 39%. Over the whole period it spent 75% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Iglesia Evangelica Apostoles Y Profetas Monte Los Olivos 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 60th percentile, and in the 59th percentile within MD. Charities of a similar size with the same main cause include C S S M Ministries International ($267k), Tibyan Institute ($267k) and Discovering Truth Ministries ($267k).

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 $19k (11% of expenses). At year end it held assets of $251k against liabilities of $16k, net assets of $235k. It reported 1 employees.

Income and spending

$0$67k$134k$200k$267k2022 Income: $192,4532022 Spending: $171,30820222023 Income: $267,2062023 Spending: $172,3712023
IncomeSpending

Where the income comes from

  • Contributions & grants 100%
  • Other 0.0%

Similar-sized charities, same cause

CharityLocationIncome
C S S M Ministries InternationalSault S Marie$267k
Tibyan InstituteFalls Church$267k
Discovering Truth MinistriesEl Cajon$267k
Revival in GalileeBixby$267k