Philip Jegede Evangelistic Association

Analysis

Philip Jegede Evangelistic Association is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in October 2009, 17 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 2022, Philip Jegede Evangelistic Association reported income of $170k and spending of $208k, spending 122% of what it took in. Across the 3 years on record, from December 2020 to December 2022, income fell from $188k to $170k (-9.8%), an average of -5.0% a year. Over the whole period it spent 112% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Philip Jegede Evangelistic Association sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 48th percentile within MN. Charities of a similar size with the same main cause include Amazon Ministries International ($170k), Iglesia Pentecostes Restauracion Inc ($170k) and Dhamma Yawei Tawya Meditation Center ($170k).

On its Form 990-EZ for the period ending December 2022, revenue came from program service revenue 100% of the total. At year end it held assets of $33k against liabilities of $69k, net assets of -$37k.