Iglesia de Dios Peniel

Analysis

Iglesia de Dios Peniel is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in August 2007, 19 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 de Dios Peniel reported income of $274k and spending of $278k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $228k to $274k (+21%), an average of +4.8% a year. The sharpest change came in the year to December 2022, when income dropped by 26%. Over the whole period it spent 61% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Iglesia de Dios Peniel 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 58th percentile within NC. Charities of a similar size with the same main cause include Mision Cristiana Elim Nuevo Renacer a NJ Nonprofit Corporation ($274k), Young Leaders International Inc ($275k) and Wallace Legacy Foundation Inc ($274k).

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 $29k (10% of expenses). At year end it held assets of $1.4m against liabilities of $1.4m, net assets of -$67k.