Church of God of Paterson

Analysis

Church of God of Paterson is a registered charity in United States, based in Paterson, NJ. It received its IRS tax-exemption ruling in February 2015, 11 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, Church of God of Paterson reported income of $50k and spending of $72k, spending 143% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $50k to $50k (+0.6%), an average of +0.1% a year. The sharpest change came in the year to December 2021, when income rose by 55%. Over the whole period it spent 87% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Church of God of Paterson sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 26th percentile within NJ. Charities of a similar size with the same main cause include Gelene DM Ministries Jeune de Deliverance Inc ($50k), Strategic Leadership Alliance ($50k) and Withers Chapel Church ($50k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $265k against liabilities of $60k, net assets of $204k.