Iglesia Bautista Central Inc

Analysis

Iglesia Bautista Central Inc is a registered charity in United States, based in Paterson, NJ. It received its IRS tax-exemption ruling in September 2019, 7 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 Bautista Central Inc reported income of $112k and spending of $151k, spending 134% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $212k to $112k (-47%), an average of -15% a year. The sharpest change came in the year to December 2022, when income rose by 375%. Over the whole period it spent 47% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Iglesia Bautista Central Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 48th percentile within NJ. Charities of a similar size with the same main cause include International Church Planters ($112k), Faith Christian Reformed Church ($112k) and Youth Transition Network Inc ($112k).

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 $24k (16% of expenses). Other salaries and wages came to $1,550. At year end it held assets of $2.2m against liabilities of $297k, net assets of $1.9m.