Good Community Church of Torrance

Analysis

Good Community Church of Torrance is a registered charity in United States, based in Torrance, CA. It received its IRS tax-exemption ruling in April 1992, 34 years ago. 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, Good Community Church of Torrance reported income of $3.0m and spending of $3.1m, spending 104% of its income. Across the 3 years on record, from December 2019 to December 2023, income grew from $2.6m to $3.0m (+16%), an average of +7.9% a year. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Good Community Church of Torrance sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within CA. Charities of a similar size with the same main cause include Interaction Institute ($3.0m), Habitat for Humanity of McLean County Inc ($3.0m) and Home of Grace Corporation ($3.0m).

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 $46k (1.5% of expenses). Other salaries and wages came to $504k. At year end it held assets of $8.6m against liabilities of $3.4m, net assets of $5.1m. It reported 18 employees.