Iglesia Evangelica Manantial de Vida Eterna Inc

Analysis

Iglesia Evangelica Manantial de Vida Eterna Inc is a registered charity in United States, based in Ft Washington, MD. It received its IRS tax-exemption ruling in November 2013, 13 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 Manantial de Vida Eterna Inc reported income of $608k and spending of $388k, leaving 36% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $459k to $608k (+32%), an average of +7.3% a year. The sharpest change came in the year to December 2021, when income rose by 42%. Over the whole period it spent 57% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Iglesia Evangelica Manantial de Vida Eterna Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 72nd percentile within MD. Charities of a similar size with the same main cause include The Reformation Project Inc ($608k), Saratoga Cupertino Columbian Company ($608k) and Lutherans in Africa ($608k).

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 $91k (23% of expenses). At year end it held assets of $0 against liabilities of $0, net assets of $0. It reported 3 employees.