Cathedral Assembly of God

Analysis

Cathedral Assembly of God is a registered charity in United States, based in Newark, NJ. It received its IRS tax-exemption ruling in August 2017, 9 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 2022, Cathedral Assembly of God reported income of $343k and spending of $245k, leaving 28% of income unspent that year. Across the 2 years on record, from December 2021 to December 2022, income grew from $237k to $343k (+44%), an average of +44% a year. The sharpest change came in the year to December 2022, when income rose by 44%. Over the whole period it spent 79% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Cathedral Assembly of God sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 70th percentile within NJ. Charities of a similar size with the same main cause include Iglesia de Dios Misionera Enorden Divino El Alto Y Eterno Dios ($343k), Steeple to People Ministries Inc ($343k) and Korea Christian Gospel Mission Inc ($343k).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 100% of the total. Other salaries and wages came to $111k. At year end it held assets of $125k against liabilities of $0, net assets of $125k.